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Wealth manager Tavistock to acquire £3bn AUM Alpha Beta Partners

Summary by International-adviser.com
Wealth manager Tavistock Investments is to acquire Alpha Beta Partners (ABP), an asset-management firm based in London and Bath with around £3bn in assets under management. The acquisition marks the latest step in Tavistock’s plan to enhance its presence in the UK retail investment market. Tavistock will make an initial payment of £6m, with the total acquisition cost potentially reaching £18m depending on ABP’s financial performance over the nex…
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