Part 1: Top five entities used for the transmission or placing of investment orders
Tavistock Wealth do not deal directly with retail clients. Retail clients are recommended our service “discretionary managed model portfolio solutions” via financial intermediaries (Financial Advisers).
The Tavistock Wealth discretionary managed model portfolio service is currently available on 13 platforms. Therefore, all investment orders are sent to those platforms who in turn place the order in compliance with their own Best Execution policies. The platforms best execution policies can be sourced on their public websites. Information on platform availability can be found at the below link:
We are obliged to disclose on an annual basis the top five investment firms that we transmit our orders to. The tables below relate to the period 31st December 2019 to 31st December 2020.
Tavistock Wealth Ltd are also appointed as Investment Managers for the Acumen fund (OEIC) range. Best Execution is achieved by utilising a trading platform namely Tradeweb a Request for Quote system.
Tavistock Wealth Ltd execute trades in the Foreign Exchange (FX) market. This is for settlement purposes (when trading non Sterling denominated securities) and for investment purposes (when hedging overseas currency exposure) via the use of forwards. Best Execution is outsourced in this regard to BNP Paribas and therefore Tavistock Wealth do not execute orders but do transmit them. BNP’s best execution policy can be found at the below link:
For the above type of investment, we only sent orders to one broker, therefore there are fewer than five brokers to report.
Part 2: Monitoring and Review
Tavistock Wealth Ltd have entered into contracts with our trading partners in order to provide our service. Due diligence is conducted by both parties to confirm acceptance of the roles to be carried out. Tavistock Wealth Ltd also have a best execution policy. Please ask, if you would like to view a copy of our policy. Under the terms of our policy, we regularly assess the appropriateness of our trading partners to ensure compliance.
We undertake periodic monitoring to make sure that they continue to meet our requirements. This review is carried out at least annually or whenever a significant change occurs that we feel could affect our ability to continue to obtain the best possible results.
As clients are recommended our service via financial intermediaries all clients are classed as Retail clients.
Should you require any additional information please write to:
The Compliance Manager
Tavistock Wealth Limited
1 Queen’s Square,
Ascot Business Park,
Or alternatively email firstname.lastname@example.org
4th August 2021
The value of an investment in the ACUMEN Portfolios or Tavistock PROFILES may fall as well as rise. Past performance should not be seen as an indication of future performance.
Tavistock Wealth Limited is registered in England and Wales (company number 7805960) and authorised and regulated by the Financial Conduct Authority (FRN 568089).
Tavistock Wealth does not provide financial advice and this website is not a recommendation that any particular investment decision is suitable for any particular person. Therefore the information contained within this website is provided for informational purposes only. The value of investments can do down as well as up.
We are currently reviewing the need to publish details of shareholder engagement policies and investment strategy. We will update our website once our review is complete.
The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services businesses aren’t able to resolve themselves.
To contact the Financial Ombudsman Service please visit www.financial-ombudsman.org.uk.