Tavistock buys IFA firm to form 'cornerstone' of new national network

IFA business County Life & Pensions and investment manager Blacksquare are to be acquired by Tavistock Investments as part of its plans to assemble a national financial services business.

County Life & Pensions will be rebranded Tavistock Partners together with Blacksquare, which will become Tavistock Wealth, to form the basis of an integrated group. County, which owns the Sterling McCall wealth management network, will be the "cornerstone on which Tavistock intends to build a national network of self-employed advisers", it said. The plan is for Tavistock to give advisers an authorised compliance service and an investment infrastructure as well as a guarantee to buy their business from them as and when they decide to retire. Blacksquare will manage model portfolios ...