Multi-Family Office

Updated:

First Financial Services

Andrew Tice directs First Financial Services, a London multi-family office authorised by the FCA for bespoke deal advisory and investment arrangements.

First Financial Services

First Financial Services, incorporated in England and Wales, has served as a financial advisory and management resource for private clients and family groups for over two decades. The firm's directors, Andrew Tice and Michael Tice, operate from a base in London, reflecting the city's enduring role as a hub for cross-border wealth structuring. The Tice family's professional involvement in financial services predates this entity, with Michael Tice's career including earlier directorships in property investment and management services firms, suggesting a wealth-creation path linked to real estate and private corporate holdings rather than a single liquidity event. The firm's authorised permissions from the Financial Conduct Authority cover advising on investments (except pension transfers and opt-outs), arranging deals in investments, and making arrangements with a view to transactions in investments. This license scope indicates a firm focused on bespoke, deal-by-deal advisory rather than discretionary fund management. The absence of a permission to hold client money or assets confirms the firm outsources custody. Its deployment model likely centres on direct private company investments, real estate transactions, and selective third-party fund commitments arranged for individual family groups. The firm does not publicly disclose portfolio holdings, but its regulatory filing history suggests a client base of fewer than ten substantial family relationships rather than many small accounts. The firm has historically operated with a small team, relying on a network of external legal, tax, and investment professionals convened per engagement. No subsidiary vehicles, philanthropic foundations, or co-investment clubs are publicly linked to the Tice directors through this entity. The company's filings with Companies House indicate a consistent lean operating structure, with no material expansion into other UK cities or overseas jurisdictions recorded. Unlike multi-family offices structured as integrated wealth managers with in-house asset management teams, First Financial Services operates as an outsourced-CIO model. Each family relationship is served through a central advisory node that coordinates specialist providers. This architecture limits the firm's headline scale but allows it to remain agnostic on product and manager selection, a structural posture that appeals to families with existing banking relationships who seek independent advice rather than a replacement for their private bank.

General information

Firm type

Multi Family Office

Year founded

AUM

Undisclosed

Location

Region

Europe

Country

United Kingdom

City

London

Corporate office

London, United Kingdom

Principals

Andrew Tice

Director

Michael James Tice

Director

Frequently asked questions

Who runs investment decisions at First Financial Services?

The firm's directors, Andrew Tice and Michael Tice, oversee all advisory engagements. Because the firm does not manage discretionary portfolios, investment decisions are taken by the underlying family clients, with First Financial Services providing recommendations on direct deals, fund commitments, and structuring. The FCA authorisation permits the firm to advise on investments and arrange deals, but final execution authority rests with the client.

Is First Financial Services structured as a discretionary wealth manager or an advisory firm?

It is an advisory firm. Its FCA permissions do not include managing investments on a discretionary basis, nor does it hold client money or assets. The firm's model is to advise families on investment opportunities and structuring, working alongside custodians and private banks that hold the assets.

Does First Financial Services participate in fund commitments or only direct deals?

The firm's regulatory permissions cover both advising on investments generally and arranging deals in investments, allowing it to recommend both direct private company or property transactions and allocations to third-party funds. No public portfolio data confirms the split between direct and fund investments.

What is First Financial Services' known posture on co-investments alongside external GPs?

The firm's model as an arranger of deals suggests it can facilitate co-investment opportunities for its client families when they arise through GP relationships. However, no public record details a formal co-investment program or club. Families likely access co-investment on an ad hoc, relationship-driven basis.

How does First Financial Services source deal flow?

Based on its London base, small team structure, and the directors' long tenure in UK financial services and property, deal flow likely originates through professional networks, law firms, private banks, and direct approaches to family offices. The firm is not known to operate a dedicated origination team and does not disclose a proprietary sourcing model.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

Need institutional-grade insight on family offices?

Altss delivers:

Principals with verified direct contactsAllocation history by asset classOSINT-derived deal signals
Book a demo

Prefer a guided tour?

We’ll walk you through:

Interactive funding timelinesCustom mandate & allocation filters
Book a demo