Former Lifetime Financial Management CEO Ian Dickinson has joined the board of Financial Planner and wealth manager Tavistock as a non-executive director with immediate effect.
Mr Dickinson, 59, was chief executive and founder of Financial Planning firm Lifetime Financial Management Intermediaries Limited.
Tavistock acquired a controlling 76.59% stake in Lifetime in April for £6m and Mr Dickinson retains 23.41% of Lifetime which is subject to a put and call option with Tavistock.
Due to the holding, Mr Dickinson will not be considered an independent director in the context of the QCA (Quoted Company Alliance) corporate governance code.
Tavistock says that Lifetime is a key component of Tavistock's strategic refocus and that Mr Dickinson has a wealth of knowledge and experience that the board will be able to draw on.
Tavistock plans to become an 'industry disruptor' after completing its £6m acquisition of Lifetime Financial Management in a move it says will help roll out its AI and hybrid advice ambitions, an area Lifetime has been strong in.
Tavistock is planning to rebrand its whole business as Vertex, its fintech brand name, as its seeks to launch a hybrid advice model and target a wider audience.
Tavistock says Lifetime will continue to develop an “advisory ecosystem” to target a "tenfold increase" in adviser productivity and offer a route for the financial services sector to expand the reach of “human-centric advice provision.”
Tavistock aims to be industry disruptor after takeover
Brian Raven, Tavistock's CEO said: "Ian is the architect of Lifetime's advisory ecosystem which supercharges productivity with the appropriate use of AI. The Tavistock Board has an unwavering commitment to reformulating financial services so that they work for everyone, not just the privileged few."
Mr Dickinson is currently also a director of WSS Enterprises Limited, Lifetime and Lifetime Digital Planning Limited.