Wealth management and financial advice group Tavistock has torn up its agreement with Lighthouse, following the latter’s takeover by Quilter.
Tavistock and Lighthouse, another financial advice firm, announced in November 2018 that they were teaming up in order to scale-up their in-house fund ranges and partake in joint marketing activities.
The agreement also saw Lighthouse take a £1 million stake in Tavistock.
But today Tavistock issued a brief statement saying it had “termi...