Investment management company Tavistock reported a nine percent increase in discretionary funds under management (FUM) to £945 million from £866 million in its financial results for the year ended 31 March 2019.

Tavistock Wealth saw a 33 percent increase in revenue to £4.8 million (2018: £3.6 million) whilst cash generated from operations increased from £137,000 in 2018 to £1.2 million.

The firm also reported a 101 percent increase in EBITDA to £1.48 million on gross revenue of £27.3 million (2018: £734,000 on gross revenue of £28.8 million)

Additionally, the company established Tavistock Law, which ...