Completion of Acquisition
Tavistock Investments Plc has successfully completed its acquisition of Lifetime Financial Management, receiving FCA change in control approval. This strategic move, following the February 2025 acquisition of Alpha Beta Partners, aligns with Tavistock's objective to provide financial wellbeing to all, aiming for a tenfold increase in adviser productivity through Lifetime's advisory ecosystem. The acquisition is expected to create significant incremental value for shareholders by addressing the underserved market of individuals lacking access to financial advice, a segment representing 91% of UK consumers according to a 2024 FCA survey.
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Tavistock is delighted to confirm that its acquisition of Lifetime, announced in September 2025, has now completed following FCA change in control approval.
This is the Company's second significant acquisition (following that of asset manager, Alpha Beta Partners, in February 2025) as it refocuses its business to bring financial wellbeing to everyone, regardless of wealth.
Lifetime will continue its development of an advisory ecosystem to deliver a targeted tenfold increase in adviser productivity and offer a blueprint for the entire financial services industry to reassert and expand the reach of human-centric advice provision.
Background to the Refocus
The FCA's 2024 Financial Lives Survey found that only the most privileged 9% of UK consumers received financial advice. Others are left without access to the guidance they need and the FCA's survey noted that 59% of adults faced difficulties with financial decisions.
Advisory firms, increasingly burdened by regulation, now find it commercially unsustainable to support lower value clients, thereby increasing the pool of people without access to financial advice.
Strategic Benefits
Lifetime's digital-first platform makes appropriate and significant use of technology and AI, but only in support of qualified professionals and with guaranteed human involvement.
The provision of support for the "neglected 91%" (rather than just the privileged few) and the rapidly growing number of "orphaned" lower value clients both present enormous market opportunities, with a lack of meaningful competition.
The board believes that the implications for Tavistock's shareholders are highly attractive and the business will be rebranded in due course as it seeks to become an industry disruptor.
Brian Raven, Chief Executive, said: "Our conviction is that everyone deserves financial peace of mind regardless of age or wealth. Lifetime brings a proven, hybrid model that breaks down traditional barriers to financial advice and wealth creation. It is the answer for the financial well-being of UK adults today and offers our shareholders an opportunity for creating significant incremental value".
Ian Dickinson, Lifetime's Chief Executive, said: "We are delighted to be joining Tavistock to pursue our common purpose to provide retail financial investors with professional, affordable financial advice and low-cost investment solutions. Lifetime has been on an incredible journey for the last 23 years and we are excited to embark on our next chapter."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.