LONDON (Alliance News) - Financial services company Tavistock Investments PLC on Monday said its Tavistock Wealth Ltd business has signed a collaboration agreement with US fund management giant BlackRock Inc.
Under the deal, Tavistock Wealth will launched a portfolio range called Tavistock PROFILES for its financial advisers and clients. The product will combine its existing ACUMEN passive investment portfolios with a range of actively-managed BlackRock funds.
No financial details were revealed on the agreement.
"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," said Tavistock Chief Executive Brian Raven.
Shares in Tavistock were untraded early Monday, having last traded at 5.19 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Tavistock (TAVI)