Tavistock ends deal with Titan after 'unacceptable performance'

Partnership between the firms comes to an end

Isabel Baxter
clock • 1 min read

Tavistock has terminated its multi-asset manager partnership with Titan Wealth Holdings that was due to run for ten years.

The deal was first announced to the market on 14 June 2021, but Tavistock's decision follows a "sustained period of unacceptable performance" by Titan, the Berkshire-based firm said. Tavistock added that the board expects the final sums due under the agreement will be received in due course and further updates will be made as appropriate. In its results for the six months ended 30 September 2023, Tavistock reported a 19% growth in its revenue, which stood at £20.6m for the six months ended 30 September 2023. This was compared to the same period in 2022 when revenue stood at £17.3m. ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

The Penny Group adds £90m of assets with Surrey planning firm buy

The Penny Group adds £90m of assets with Surrey planning firm buy

Chartered firm snaps up Whiting Financial

Isabel Baxter
clock 20 November 2024 • 2 min read
FSCS declares Stoke-on-Trent advice firm failed for pension transfer advice

FSCS declares Stoke-on-Trent advice firm failed for pension transfer advice

Norrix Financial Services was dissolved this month

Isabel Baxter
clock 20 November 2024 • 1 min read
FSCS to pay out £372m as it faces more highly complex advice claims

FSCS to pay out £372m as it faces more highly complex advice claims

Higher than the £363m anticipated

Isabel Baxter
clock 19 November 2024 • 2 min read