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Tavistock Investments: DEEP DIVE

Tavistock Investments rewards shareholders after strong full-year performance

"We aim to continue to improve the group's profitability and manage a regular and growing dividend stream for the benefit of our shareholders," said CEO Brian Raven
OVERVIEW: TAVI The Big Picture
Tavistock had funds under management of £945mln at the end of March
  • Full-year earnings surge 101%

  • Funds under management up 5% 

  • Maiden interim dividend declared with plans to increase payout


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.

Inflexion points:

  • Tavistock reported earnings (EBITDA) of £1.48mln for the year ended 31 March, up 101% on the prior year, and funds under management increased 5% to £945mln.
  • Following a strong full-year performance and a 775% increase in cash generated from operations to £1.2mln, the company declared a maiden interim dividend of 0.01p per share. The group said it hopes to increase the level of dividend payment in future years
  • Tavistock launched two new protected products, the ACUMEN Capital Protection Portfolio (ACPP) and ACUMEN Income Protection Portfolio (AIPP), last year. These products had attracted over £100mln of inflows by the end of the year.
  • Tavistock recently launched i-stock, a smartphone app that provides retail investors with access to its wealth funds through a free ISA or general investment account, with a self-invested pension plan due to be made available “in due course”.

What the CEO says:

Chief executive, Brian Raven, said in the full-year results statement: “The payment of a maiden interim dividend marks the achievement of a long held strategic objective and demonstrates the strength of our business model. Our protected products have been universally well received and we will continue to focus on making them as widely available as possible. We intend to disrupt the D2C space with our free of charge app. We aim to continue to improve the group's profitability and manage a regular and growing dividend stream for the benefit of our shareholders."

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