Collaboration with BlackRock

RNS Number : 2155A

Tavistock Investments PLC

28 September 2015

 



TAVISTOCK COLLABORATES WITH BLACKROCK FOR TAVISTOCK PROFILES LAUNCH

LONDON, 28^th September, 2015: Tavistock Investments Plc ("Tavistock") is pleased to announce a collaboration between its subsidiary, Tavistock Wealth Limited, and BlackRock to offer a new portfolio range called Tavistock PROFILES to Tavistock's financial advisers and clients.

As part of Tavistock's centralised investment proposition (CIP), the new Tavistock PROFILES will combine the existing Tavistock ACUMEN Portfolios - baskets of passive investments, including exchange traded funds (ETFs) - with a range of actively managed BlackRock funds.

Tavistock portfolio strategists will use research data developed by BlackRock to target specific volatility ranges that match investor risk ratings identified by Tavistock's attitude to risk (ATR) questionnaire.

ACUMEN Portfolios and ACUMEN ONLY PROFILES are constructed and optimised by Tavistock using iShares® by BlackRock, the largest provider of ETFs in the world. All eight of the ACUMEN products have outperformed their IA sector benchmark since inception.

In keeping with Tavistock's commitment to provide investors with professional investment standards at the lowest possible cost, the discretionary fund manager fee for the Tavistock PROFILES will be only 0.125% plus VAT.

Michael Gruener, Co-head of EMEA Sales for iShares at BlackRock, commented:

"Blending ETF-based portfolios with active strategies can be a cost-effective and flexible way to invest, and we continue to see strong demand for this type of investment. We are pleased to be providing the research data that will support Tavistock's new proposition."

Brian Raven, Tavistock's Chief Executive, commented:

"We are delighted to announce our collaboration with BlackRock, which will provide Tavistock's clients with a world-class investment proposition. The portfolio construction of the Tavistock PROFILES using research allocation data from BlackRock is enormously valuable.

This is a huge step for Tavistock towards becoming a key influence in the UK financial services sector and we very much look forward to working with BlackRock."

-Ends-

For further enquiries, please contact:

Tavistock Investments plc

Oliver Cooke, Chairman

Brian Raven, Chief Executive                                                                                                              Tel: [phone]

Templars Communications

Kitty Parry                                                                                                                                                     Tel: [phone]

[e-mail]

Northland Capital Partners Limited

William Vandyk / Matthew Johnson                                                                                                  Tel: [phone]

WH Ireland Limited

Tim Feather / Mark Leonard                                                                                                                  Tel: [phone]

Tavistock Wealth Limited

Tavistock Wealth Limited is a wholly owned subsidiary of Tavistock Investments Plc, the AIM listed financial services group. Key group companies are: Tavistock Partners and Tavistock Financial which both provide compliance, administration and accounting services to the Group's independent financial advisers; and Tavistock Wealth which manages the Group's Centralised Investment Proposition (CIP) combining active and passive strategies across in-house and externally managed mandates. In February 2015, Tavistock Investments acquired Standard Financial Group Limited.  Following the acquisition Tavistock has more than 270 advisers supported by the Group and an estimated £3 billion in assets under advice.

Brian Raven, Chief Executive

Brian Raven has been involved in the financial services sector since 2010. He has a wide range of business experience, having held many sales and general management posts at senior management and board level, including running public companies on both AIM and the Official List. Most notably, in 1991 Brian founded Card Clear Plc, subsequently renamed Retail Decisions plc, a business engaged in combating the fraudulent use of plastic payment cards. He led the company until 1998 by which time it was an international group, listed on AIM, with a market capitalisation of some £100 million. As a principal, Brian has been responsible for identifying, negotiating and integrating numerous acquisitions, as well as for delivering organic growth.

About BlackRock

BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2015, BlackRock's AUM was $4.721 trillion. BlackRock helps clients meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, iShares® (exchange-traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2015, the firm had approximately 12,400 employees in more than 30 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit the Company's website at www.blackrock.com

iShares® and BlackRock® are registered trademarks of BlackRock, Inc. and its affiliates ("BlackRock") and are used under license.  Further, BlackRock, Inc. and its affiliates including, but not limited to, BlackRock Investment Management (UK) Limited, are not affiliated with Tavistock Wealth Limited and its affiliates.  Accordingly, BlackRock makes no representations or warranties regarding the advisability of investing in any product or service offered by Tavistock Wealth Limited or any of its affiliates. BlackRock has no obligation or liability in connection with the operation, marketing, trading or sale of any product or service offered by Tavistock Wealth Limited or any of its affiliates.

 

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