Tavistock makes £2.2m Titan provision amid legal action

Following sale of advice business

Isabel Baxter
clock • 2 min read

Tavistock Investments has set aside a £2.2m provision as chair Oliver Cooke outlined events that led to an acrimonious split between the business and Titan Wealth.

Titan Wealth has so far declined to undergo mediation relating to Tavistock Investments' multi million-pound claim against it for "substantial commercial damage", Cooke said in Tavistock's accounts. Instead, Titan has pursued High Court action over the abrupt end to what had been deemed to be a ten-year partnership. In Tavistock's accounts for March 2024 published on Monday (30 September), the firm noted that its board uncovered multiple breaches of the strategic partnership agreement entered with Titan in June 2021. Tavistock slams Titan for taking 'vexatious' step as dispute heads t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Maven Renovar in turmoil after AGM sees strategy and board rejected

Maven Renovar in turmoil after AGM sees strategy and board rejected

Backlash from shareholders

Patrick Brusnahan
clock 20 June 2025 • 4 min read
Pacific AM snaps up Viewforth team

Pacific AM snaps up Viewforth team

Founder of Viewforth joining too

Patrick Brusnahan
clock 16 June 2025 • 1 min read
Sanlam UK asset management business to fully transfer to Ninety One

Sanlam UK asset management business to fully transfer to Ninety One

First revealed in November 2024

Patrick Brusnahan
clock 13 June 2025 • 1 min read
Trustpilot