Titan Wealth has acquired Tavistock Investments’ £1bn AUM multi-asset manager business Tavistock Wealth in a deal worth up to £40m, in the disruptor’s most notable move to-date in launching a new wealth and asset management proposition.
Launched under joint-CEOs Andrew Fearon and Pantheon founder James Kaberry, Titan has also acquired £2bn AUA financial services platform GPP and has indicated discussions regarding the acquisition of six other DFMs in efforts to "create a unique integrated offering across the whole market". Going full throttle: Asset management M&A drive 'accelerated' by coronavirus crisis Titan's ambitious strategy is targeting AUM of up to £30bn within five years of its launch. Tavistock has also entered into a ten-year strategic partnership with Titan, for whom it will act as retail distribu...
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