View more on these topics

Tavistock Investments to acquire IFA firm and investment manager

Tavistock Investments has acquired IFA firm County Life & Pensions and investment manager Blacksquare.

Following completion of the two deals, County Life & Pensions will be rebran-ded as Tavistock Partners and Blacksquare rebranded as Tavistock Wealth. 

At 31 January, County Life & Pensions had 23 financial advisers, over 2,500 clients and £300m of assets under advice.

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

By acquiring County, which owns the Sterling McCall wealth management network, Tavistock intends to develop a national network of self-employed advisers.

Tavistock chief executive Brian Raven says: “Both County and Blacksquare share our commitment to strong corporate governance and best practice. 

“Their commitment to our strat-egic vision is best illustrated by both sets of shareholders accepting only shares rather than cash. We look forward to working together to develop a business that we hope will become an exemplar to the industry.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment