Revenues for the company during this period were £298,000 while net assets have reached £7.89m including £348,000 in cash following a share placement.
The company said its focus over the second half of the year will be the integration of Tavistock Wealth and Tavistock Partners and progressing towards becoming profitable, before increasing the scale of the business.
The half year number release follows on from Monday’s new that that Tavistock has had entered into a ‘strategic relationship’ with wrap platform Novia.
A significant proportion of Tavistock client assets are managed on the Novia platform already. The new deal will see Tavistock Wealth formally endorsing Novia and the wrap provider introducing financial advisers to Tavistock on a ‘selective basis’.
