What Tavistock Investments does:

Tavistock Investments is a UK asset management and financial advisory services business.

The company has 200 advisers that look after 50,000 clients and more than £3.5bn of investments.

The group provides compliance, administration and accounting services to independent financial advisers as well as wealth management, advice and financial planning to individuals.

Its fund management arm has 10 UCITS funds, including three protected model portfolios under the ACUMEN brand.


How it’s doing

In November, Tavistock announced a sharp increase in half-year adjusted underlying profits (EBITDA) despite the challenges thrown up by the coronavirus pandemic.

The company’s reported adjusted EBITDA in the six months to the end of September 2020 rose by 25% to £1.26mln from £1.01mln the year before, despite revenues easing 7% to £13.38mln from £14.31mln the previous year.

A return to dividends is earmarked this year.

The level of funds under management remained more or less unchanged from a year earlier at £1.1bn at the end of September “despite the recent blows to customer confidence and the sudden and sustained falls in the market value of investment assets”.


What the boss says: Brian Raven, chief executive

“In a year of unprecedented pressure on our business, I am delighted by our group’s performance and by how well our management team has adapted.”

“We have undertaken a comprehensive cost-saving exercise and are accelerating plans to significantly scale up our business. I am confident that these initiatives will enable us to deliver greater value to our shareholders and look forward to managing a growing dividend for their benefit.”


Inflexion points:

  • Strong half-year
  • Protected products continue to attract strong inflows
  • Dividends to come back soon


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