Non-public fairness agency Tavistock has agreed to buy a 76.59% stake in UK-based monetary advisory firm Lifetime.
The deal is valued at round £5.95m, based on FT Adviser.
Lifetime CEO Ian Dickinson will retain the remaining stake within the enterprise.
Lifetime is thought for its “hybrid mannequin” of providers that features monetary recommendation, mortgages, investments, pensions, property planning, financial savings, and safety.
The agency additionally affords monetary wellbeing options, that includes instruments such because the Lifetime Hub and app, alongside instructional workshops, webinars, and personalised teaching.
Lifetime integrates know-how and synthetic intelligence to boost its providers; whereas making certain the involvement of certified professionals, the corporate press launch mentioned.
The completion of this deal is contingent upon approval from the Monetary Conduct Authority (FCA).
Dickinson mentioned: “We’re delighted to be becoming a member of the Tavistock Group to pursue our frequent objective to offer everybody with skilled and inexpensive monetary recommendation and low-cost funding options. Lifetime has been on an unimaginable journey for the final 23 years and we’re excited to embark upon our subsequent chapter in closing the recommendation hole.”
Lifetime COO Andy Wealthall acknowledged: “Tavistock share our values and imaginative and prescient, and convey the dimensions, sources, and nationwide presence to assist us obtain our mission quicker, which is to shut the recommendation hole and make monetary wellbeing accessible to all.”
“Our shoppers and employer companions will proceed to obtain the identical glorious service from the identical folks they know and belief. The distinction is that we’ll now have extra sources, connections, and funding to broaden and improve our providing.”
In November 2024, Tavistock bought Alpha Beta Companions, an asset administration agency based mostly in London and Tub.
Alpha Beta Companions, established in 2017 by Geoff Brooks and Andrew Thompson, delivers outsourced funding options to advisory companies and networks.
The cope with Alpha Beta Companions was finalised in February, aligning with Tavistock’s technique to boost its funding options for shoppers, together with third-party recommendation companies and retail prospects.
“Tavistock to purchase 76.59% stake in monetary advisory agency Lifetime ” was initially created and printed by Non-public Banker Worldwide, a GlobalData owned model.
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