Tavistock acquires Lifetime Financial Management Intermediaries

Refocusing the company's strategy

Isabel Baxter
clock • 3 min read

Financial services group, Tavistock, has acquired hybrid advice firm, Lifetime Financial Management Intermediaries (Lifetime), for £6 million as its board aims to refocus the firm’s strategy.

Lifetime is a provider of financial wellbeing solutions for employees, offering financial advice and planning services. Travistock set out that it will be acquiring 76.59% of Lifetime's ordinary shares. Ian Dickinson, CEO and founder, Lifetime, will remain as 23.41% shareholder. The acquisition is for an initial cash consideration of £3.7m, plus £2.25m in cash for both debt reduction and strategic leadership incentives. The deal includes a put and call option arrangement in place, enabling Tavistock to acquire Dickinson's shares later based on a range of multiples of Lifetime's EBI...

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Isabel Baxter
Author spotlight

Isabel Baxter

Chief Reporter at Professional Adviser

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