Bracknell wealth management company sells to Titan Wealth Services

Tavistock Wealth

Bracknell-based Tavistock Investments Plc has sold Tavistock Wealth Limited to Titan Wealth Services Ltd for  around £40 million.

James Kaberry, Titan’s Executive Chairman, said: “We are excited to partner with Tavistock and look forward to a successful future together. We have been impressed by Tavistock’s leadership team, the business that they have developed, and the outstanding investment funds run by Tavistock Wealth.”

Brian Raven, Tavistock’s Chief Executive, added: “This is a great opportunity for both companies. Whilst Tavistock Wealth is becoming part of Titan, we will still be working closely with our highly successful investment team. The partnership with Titan endorses our corporate strategy and will enable us to accelerate the growth of our business and deliver maximum value to our shareholders.”

Tavistock Investments Plc is a UK wide financial services group. More than 300 advisers manage £3 billion of investments, for 70,000 private clients  of which more than £900 million is managed by Tavistock Wealth.

Tavistock was advised by the Wye Valley office of law firm Harrison Clark Rickersbys, which also acted for the investment company on the acquisition of Cambridge-based advisory business Chater Allan Financial Services LLP for around £1.6 million.

Tavistock Investments is an AIM-listed company offering independent financial advice and management services to more than 30,000 clients across the UK.

The HCR corporate team has advised Tavistock Investments on various acquisitions in the past. The sale of its investment management arm will provide Tavistock with the funds needed to support a planned acquisition programme.

After the transaction, Tavistock will continue to work closely with its award-winning investment team and with Titan Wealth.

Jennifer said: “It’s always good to help a longstanding client to achieve their growth plans and it was particularly interesting on this occasion to advise on a major disposal.”

Oliver Cooke, chairman of Tavistock Investments, said: “Being supported by a first-class team of lawyers takes a great deal of stress out of the process.”