Tavistock Investments ( (GB:TAVI) ) has provided an announcement.
Tavistock Investments has completed the acquisition of Alpha Beta Partners, marking a significant move in its strategic plan to expand asset management services to third-party advice firms and eventually the public. The acquisition, with an initial payment of £6 million and a total cap of £18 million based on future performance, highlights Tavistock’s commitment to growth in the wealth management sector, potentially enhancing its market positioning and offering new opportunities for stakeholders.
More about Tavistock Investments
Tavistock Investments is a specialist wealth and asset management company dedicated to serving private investors. The company is known for its commitment to excellence and innovative approaches, offering a range of services including advisory for high net worth individuals, employee benefits, and educational finance through its portal ‘Tell Me How.’ Tavistock Asset Management, now enhanced by the acquisition of Alpha Beta Partners, provides institutional portfolio management services at competitive retail prices. The company also offers a comprehensive range of life insurance and critical illness policies through Tavistock Protect and plans to expand into the mortgage market. Founded in 2013 by Brian Raven and Oliver Cooke, Tavistock has been optimizing its business portfolio to focus primarily on wealth and asset management.
YTD Price Performance: 15.29%
Average Trading Volume: 2,105,692
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £21.13M
Learn more about TAVI stock on TipRanks’ Stock Analysis page.