Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. Registration is free and only takes a minute.

Investment firm snaps up East Midlands IFA

3 comments
Investment firm snaps up East Midlands IFA

Tavistock Investments is set to acquire East Midlands-based IFA County Life & Pensions and investment manager Blacksquare under plans to build a national advice network.

The purchases mark the beginning of an ‘ambitious’ expansion programme for the recently established AIM quoted group as it plans to assemble a national financial services business.

The firm said it has valued County Life & Pensions at £7.3 million but would not disclose how much it was paying for the business.

Under Tavistock’s plans the two firms will form an ‘integrated’ group and national network. County Life & Pensions will rebrand as Tavistock Partners and Blacksqaure will change its name to Tavistock Wealth.

County Life & Pensions, which owns Sterling McCall Wealth Management, will be the ‘cornerstone on which Tavistock intends to build a national network of self-employed advisers’.

Founder of County Life & Pensions and managing director of Sterling McCall Stephen Moseley (pictured) said: ‘We are delighted to become a key element in Tavistock’s plan to establish a national network designed by advisers, for advisers, and to deliver cost effective investment solutions to the retail market.’

Tavistock said the network would provide advisers with compliance and an investment infrastructure, as well as a guarantee to buy their business from them as and when they decide to retire.

Blacksquare will manage model portfolios for clients of the advisory business.

Moseley will become the business development manager of the network.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter