Financial Planner and wealth manager Tavistock Investments is to launch a new hybrid advice service using AI technologies to reach many more people and lower the cost of advice. 

It said that with advice firms providing full service advice reaching fewer clients due to high regulatory costs and barriers now was the time to change.

It will use its recent acquisition of Lifetime Financial Management to open up new avenues for hybrid advice, according to its interim results statement out today.

Tavistock acquired Lifetime Financial Management in September, helping provide Tavistock with an, “established and proven, hybrid model that breaks down the traditional barriers to financial advice.”

The firm said: “The appropriate use of AI in support of professional advisers greatly reduces the cost of delivering support to clients, especially those clients that other firms have been turning away.”

It added: “Tavistock (is) developing a hybrid retail market service combining the best human advice available with appropriate use of AI.”

The company plans to “refocus” to make “extensive use” of AI but this will be backed by human support to avoid “AI pitfalls,” it said.

Tavistock chief executive Brian Raven said: "We care passionately about empowering people, regardless of their personal wealth, to live more confident lives and control their financial future.

“The board believes that our new hybrid service will bring about real change, enabling everyone to access effective financial advice, combining personal service with the efficiencies AI can bring. It will offer people the best of both worlds, avoiding the pitfalls of using AI unguided."

In its interim results the company said: “The board believes that the most exciting aspect of the group's current activity is its refocusing as a fintech business to make extensive use of AI (artificial intelligence) to provide cost effective financial advice and investment management services to all UK adults regardless of wealth. As was outlined in the company's financial statements for the year ended 31 March 2025, 91% of adults are currently being neglected by the financial services sector. 

“This refocus has been enabled by the most recent of two significant disposals made by the group. This was the sale in 2024 of Tavistock Partners and its RI network to Saltus for £36m and this followed the sale of Tavistock Wealth for £31m in 2021. A key element to the success of the refocus has been the persuading of like-minded businesses to join the group - Alpha Beta Partners and Lifetime Financial Management.

“Such a significant realignment of the group's proposition has inevitably resulted in a period of transition as the group moves from how it operated historically to how it will perform in future."

In its results the group reported gross revenue up 23% to £11.08m in the six months to 6 September 2025 (2024: £9.05m). EBITDA losses were approximately halved to £685,000.