Lighthouse Group signs pact with Tavistock Investments
Source - SMW
Lighthouse Group said Wednesday it had entered into a strategic relationship with Tavistock Investments to expand the company's investment solutions.
The agreement would enable Lighthouse and its advisers and clients to access Tavistock's investment solutions, including its capital protection fund products, principally invested in iShares by BlackRock and guaranteed by Morgan Stanley, all managed to the client's agreed risk profile, Lighthouse said.
Tavistock's existing model portfolio service and risk-progressive Acumen fund range would also bolster Lighthouse's existing Luceo Asset Management range of investment solutions, the company added.
'Lighthouse is a successful financial advisory business with particular expertise in providing advice to members of its affinity group partners whose aggregate membership is in excess of 6 million individuals,' said Malcolm Streatfield, Chief Executive Officer of Lighthouse.
'The Group signalled its intention to provide effective, risk-managed investment solutions to its customers by launching the Luceo Asset Management Range in October 2016 and is continually looking to extend its range of investment solutions, for the benefit of the Group, its customers and shareholders.'
At 9:55am: (LON:LGT) Lighthouse Group PLC share price was +0.8p at 27.3p