Tavistock Group  

Tavistock reveals growth plans as advisers exit

FTAdviser reported last year Tavistock and Lighthouse entered into a "strategic agreement" which saw the latter take a 5.3 per cent stake in the former.

Mr Raven said he had not yet spoken with Quilter in relation to the strategic agreement, following the decision by Lighthouse shareholders last week to vote in favour of Quilter's £46.2m bid to buy the national advice company and network.

This morning Tavistock also announced a maiden interim dividend for its shareholders of £0.01p per share in light of "continued strong performance", which Mr Raven said he would like to see increase "significantly" in future years. 

He said: "For the shareholders, we certainly intend to manage an upward stream as we build the business. 

"We are a very ambitious company and we believe that we will drive profitability quickly, as I think we have proved over the last three years. 

"As we do that we would look to increase the dividend significantly over the next three to five years." 


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