Tavistock slams Jersey fund M&A bid as ‘unwelcome distraction’
It believes that the offer is ‘significantly below the value of the company’s assets’
It believes that the offer is ‘significantly below the value of the company’s assets’
Board has not been ‘open and transparent with members about its intentions for the company’
Reporting to two or more regimes that operate to different calendars causes ‘difficulties’
Move deemed ‘disappointing’ and a ‘staggering betrayal’ by activists
Company ‘identified a wish’ among private clients to work with a independently-owned business
It will offer funds and model portfolios ‘to meet growing demand’ from financial advisers
It is available to both institutional and retail clients in the UK and Europe
‘It is disturbingly clear that for many this will be detrimental to their business’
Company says that ‘a lot’ of advisers are not looking to sell to ‘bigger players in the market’
Personal Finance Society chief executive Keith Richards to step down
Being registered to cast a ballot could trigger liabilities, including IHT
They could be a potential source of income ‘where many assets have stretched valuations and tight spreads’