Tavistock Regulatory News (TAVI)

Tavistock Investments Plc

("Tavistock" or the "Company")

Completion of Acquisition of Lifetime Financial Management (Lifetime)

2 April 2026

Tavistock is delighted to confirm that its acquisition of Lifetime, announced in September 2025, has now completed following FCA change in control approval.

This is the Company's second significant acquisition (following that of asset manager, Alpha Beta Partners, in February 2025) as it refocuses its business to bring financial wellbeing to everyone, regardless of wealth.

Lifetime will continue its development of an advisory ecosystem to deliver a targeted tenfold increase in adviser productivity and offer a blueprint for the entire financial services industry to reassert and expand the reach of human-centric advice provision.

Background to the Refocus

The FCA's 2024 Financial Lives Survey found that only the most privileged 9% of UK consumers received financial advice. Others are left without access to the guidance they need and the FCA's survey noted that 59% of adults faced difficulties with financial decisions.

Advisory firms, increasingly burdened by regulation, now find it commercially unsustainable to support lower value clients, thereby increasing the pool of people without access to financial advice.

Strategic Benefits

Lifetime's digital-first platform makes appropriate and significant use of technology and AI, but only in support of qualified professionals and with guaranteed human involvement.

The provision of support for the "neglected 91%" (rather than just the privileged few) and the rapidly growing number of "orphaned" lower value clients both present enormous market opportunities, with a lack of meaningful competition.

The board believes that the implications for Tavistock's shareholders are highly attractive and the business will be rebranded in due course as it seeks to become an industry disruptor.

Brian Raven, Chief Executive, said: "Our conviction is that everyone deserves financial peace of mind regardless of age or wealth. Lifetime brings a proven, hybrid model that breaks down traditional barriers to financial advice and wealth creation. It is the answer for the financial well-being of UK adults today and offers our shareholders an opportunity for creating significant incremental value".

Ian Dickinson, Lifetime's Chief Executive, said: "We are delighted to be joining Tavistock to pursue our common purpose to provide retail financial investors with professional, affordable financial advice and low-cost investment solutions. Lifetime has been on an incredible journey for the last 23 years and we are excited to embark on our next chapter."

ENDS

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About Tavistock Investments Plc

Tavistock Investments is a specialist wealth and asset management company focused on meeting the specific needs of private investors and differentiated by its commitment to excellence and revolutionary thinking.

Within the group, Tavistock Private Client has been recognised many times for excellent advice services to higher net worth individuals, winning multiple industry awards. It also operates an employee benefits business. Tavistock Asset Management, augmented by the recent acquisition of Alpha Beta Partners, delivers institutional portfolio management services at a retail price, so that clients benefit from collective buying power, as well as competitive dealing charges. The third element of wealth management, Tavistock Protect, provides clients with a comprehensive range of life insurance and critical illness policies.

Tavistock was founded by Chief Executive Brian Raven, who has been involved in financial services since 2010 and has a wealth of commercial experience. Together with Chairman, Oliver Cooke, he has previously founded both a fraud prevention business that achieved an AIM listing in 1996, and a fully listed group focused on loyalty schemes in UK health and fitness. Brian then invested in the financial services sector in 2010, later launching Tavistock, along with Oliver, and listing it on AIM in 2013.

Tavistock commenced its restructuring by disposing of its UCITS funds and investment team in 2021 and its network of self-employed IFAs in 2024, generating more than £30m and £37.5m respectively. These transactions provided significant working and development capital for the Group, allowing it to optimise the balance of regulatory risk and commercial reward for the benefit of its shareholders.