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Titan Group CIO’s Monthly Insights May 24

Welcome to our CIO Monthly Insights update ‘The view from Wigmore Street’.

The May update provides investment feedback and opinions from the people responsible for heading up the investment of your wealth across the various businesses under the Titan Group umbrella. This does not represent ‘Titan house views’, rather it aims to give you an insight into the investment debates we are having internally across our various businesses.

We hope you find it interesting and informative.

Not a recommendation. Past performance is not a guide to future performance.


Titan Wealth acquires Wigmore Associates Wealth Management

Titan Wealth has completed a deal for London-based investment boutique Wigmore Associates Wealth Management (Wigmore).The acquisition will increase Titan Wealth’s total assets under management / advice to over £17.4bn.

Founded by William Orenstein in 1999, Wigmore specialises in providing portfolio management services, together with pension, tax planning and inheritance tax advice to individuals, trusts, pension schemes, family offices, and charities.

Wigmore provides advice to HNWIs in high value and complex circumstances, through tailored portfolios that aim to meet clients’ investment objectives and personal risk requirements in the most tax efficient way.

Andrew Fearon, Joint-CEO & Head of M&A, Titan Wealth Group, says: “We’re thrilled to welcome William, Lizzy and their team to the Titan Wealth family. This strategic acquisition enhances our vertically integrated proposition and expands our network’s offering to HNWIs.”

William Orenstein of Wigmore Associates, says: “We’re excited for this new chapter for Wigmore Associates. Titan Wealth’s values and investment philosophy aligns with our own, and we couldn’t have found a better partner to help us continue to deliver excellent investment outcomes for our clients.”

Titan Group CIO’s Monthly Insights April 24

Welcome to our CIO Monthly Insights update ‘The view from Wigmore Street’.

This monthly publication provides investment feedback and opinions from the people responsible for heading up the investment of your wealth across the various businesses under the Titan Group umbrella. This does not represent ‘Titan house views’, rather it aims to give you an insight into the investment debates we are having internally across our various businesses.

We hope you find it interesting and informative.

Not a recommendation. Past performance is not a guide to future performance.

Loveday & Partners joins Titan Wealth

15th April 2024 – Titan Wealth is pleased to announce that it has received approval from the Financial Conduct Authority and will shortly complete a deal for Loveday & Partners to become part of the Titan Wealth Group.  Loveday & Partners is an independent financial planning firm based in Norwich.  This brings Titan Wealth’s total AUM to £17.3bn.

Founded in 2010, Loveday & Partners has grown organically through word-of-mouth referrals, and has a long track record of delivering excellent results for its clients. The company’s directors and its team of advisers and administrators will stay with the business as part of the move. They will continue to advise on the c.£600 million of assets for their more than 1,000 clients – including families, pension funds, trusts and charities, throughout Norfolk.  Loveday & Partners works closely with its clients to deliver tailored financial advice covering savings, investments, pensions, estate planning and long-term care.

Loveday & Partners also has a strong commitment to investing in the local community, and actively supports a range of charities and social initiatives in Norfolk & Suffolk.  With a business built upon values of transparency, trust, and close client relationships, Loveday & Partners’ company culture is closely aligned with Titan Wealth’s overall vision for the group. 

As Loveday & Partners joins Titan Wealth it further expands their geographical footprint, significantly increasing Titan Wealth’s presence in the East of England. It also enhances Titan Wealth’s capacity to deliver comprehensive, integrated investment and platform services through its vertically integrated offering.

Andrew Fearon, Joint Group CEO & Head of M&A at Titan Wealth said: “Loveday & Partners joining the Titan Wealth Group is an exciting opportunity to expand our presence in the East of England and enhance the unique Titan Wealth vertically integrated offering.  Titan Wealth’s ambitious growth plans are testament to the group’s continued hard work over the last 12 months. We look forward to working with the L&P team.”

Mark Loveday, of Loveday & Partners said: “We are delighted to share the news of today’s announcement.  It has been clear to me from our early conversations that our businesses share many of the same values and ideals.  We are very much looking forward to working closely with our Titan Wealth colleagues over the coming months and years to enhance the service offering we are able to provide to our clients and to support our mutual growth ambitions.”.

Titan Group CIO’s Monthly Insights

Welcome to our CIO Monthly Insights update ‘The view from Wigmore Street’.

This monthly publication provides investment feedback and opinions from the people responsible for heading up the investment of your wealth across the various businesses under the Titan Group umbrella. This does not represent ‘Titan house views’, rather it aims to give you an insight into the investment debates we are having internally across our various businesses.

We hope you find it interesting and informative.

Not a recommendation. Past performance is not a guide to future performance.

Titan Alternatives, in partnership with Fuel Ventures, launches £50m Fuel Ventures VCT fund

Titan Alternatives, in partnership with Fuel Ventures, has launched a £50m VCT fundraise to be listed on the London Stock Exchange with Titan Alternatives acting as the main promoter.

The VCT will focus on investing in top-performing portfolio companies, often co-investing with Fuel Ventures’ existing EIS funds. It will offer investors a diverse portfolio, targeting 30 investments in the first 3 years. Whilst Titan Alternatives have been intrinsically involved in the introduction of significant capital to a number of VCTs since 2005, it is the first time we have been named as the main promoter of a VCT within a prospectus.

Titan Alternatives will be acting as Promoter under the terms set out in the Offer Agreement – the first product launch since rebranding. The Fuel Ventures VCT offer is for subscription for up to £10 million of ordinary shares with an over-allotment facility for up to a further £40 million of ordinary shares.

Titan Alternatives, which provides investment solutions through VCTs, EISs, Hedge Funds and PE was acquired by Titan Wealth in 2022 and rebranded in November 2023 to bring it in line with the Titan group brand architecture. Providing personalised portfolio diversification and tax-efficient investment solutions to high net worth, sophisticated and elective professional investors, the team have built a strong reputation for gaining access to often exclusive and wide-ranging opportunities, outside of those offered by mainstream wealth management firms.

Titan Alternatives’ clients have invested over £650 million across a diverse range of investments and strategies. With a rich history and wide-ranging experience within the VCT sector encompassing Titan Alternatives’ development and the introduction of significant capital, the firm has facilitated approximately £80 million of investment into VCT offers to date.

Fuel Ventures Ltd is led by entrepreneur Mark Pearson who successfully exited several businesses including MyVoucherCodes and Paddle, a UK company now valued at $1.4bn. He is supported by a team of 23 people who have sourced, scaled and exited multiple businesses together.

Please find the Prospectus here.

Matthew Cureton, Co-Founder & MD of Titan Alternatives said  “Since 2005 we have gained experience of working with and introducing capital to various VCT managers covering a range of different mandates and sectors. Now, for the first time since our inception we are excited to take the role as a Promoter for the Fuel Ventures VCT following our positive experiences of working with Mark Pearson and his team at Fuel Ventures over a number of years within their EIS portfolios. We believe this VCT offers investors an opportunity to participate in a diversified group of tech-enabled companies benefiting from the knowledge and support of Fuel Ventures in their journey to achieving significant scale.”

Stan Williams, Partner of Fuel Ventures said “The Fuel Ventures VCT is an important addition to our investment strategy, giving us the opportunity to back our winning companies as they scale, throughout the year. We have ambitious plans for the VCT to become a £100m+ fund. We are thrilled that Titan Alternatives, a long-term partner, has chosen to act as the main promoter, showing their support for this new launch.”

Titan Wealth Group announces sponsorship of GB Sevens men’s and women’s teams

We have today announced our sponsorship of GB Sevens Rugby, becoming the Principal Partner and Main Shirt Sponsor of both the men’s and women’s teams for the 2023/24 and 2024/25 HSBC World SVNS.

Rugby Sevens is an established sport around the world with great heritage and tradition. In recent years the short form of the game has attracted new audiences around the world and helped to develop rugby as a truly diverse and inclusive sport.

Titan Wealth has an ambitious strategy for growth over the next 3 years, both in the UK and internationally. This ambition is mirrored by GB Sevens Rugby and the Performance3 management team who have been appointed by the Home Unions of England, Scotland and Wales, to oversee the growth and development of the GB Sevens programme. The partnership announced today is an incredibly exciting joint opportunity for both GB Sevens and Titan Wealth.

Group Chairman and joint CEO of TITAN, James Kaberry said:

“Sport is a great connector in business. Titan and all of our wealth management businesses are huge sports fans – particularly when it comes to rugby. We are extremely excited to be partnering with GB Sevens as we both look to grow our talent pathways. This partnership will help us grow on the domestic and international stages, underpinning our plans for growth over the next two years and beyond.”

Joe Lydon of Performance3, who spearhead the performance management and strategic alignment of the GB Sevens programme in affiliation with England (RFU), Scotland (SRU) and Wales (WRU) Rugby, said:

Great Britain Sevens are proud to have partnered with Titan Wealth as Principal Partner and Main Shirt Sponsor of the women’s and men’s GB Sevens squads in this exciting year of Sevens Rugby which culminates with the Paris Olympic Games.

“The GB Sevens programme, the ambitions for the revamped HSBC SVNS Series and the Rugby Sevens pathway, align perfectly with the growth and development ambitions of Titan Wealth. We are looking forward to building a strong partnership as we provide and support on and off field opportunities for our respective teams and their growth“.  

Titan Wealth Closes Partnership Transaction with Parthenon Capital

Titan Wealth [Titan] finalised the closing of its previously announced partnership transaction with Parthenon Capital [Parthenon]. Parthenon will provide access to additional resources as Titan executes on its strategy to provide integrated financial advice, investment management, and platform services through a comprehensive client-to-custody strategy.

Parthenon is a leading growth-oriented private equity firm with a long track record of building franchise companies in the wealth management sector. Parthenon acquired a majority stake in Titan.

Titan has also completed the previously announced acquisition of Telford Mann, a leading financial advice business based in Kettering. The Telford Mann transaction represents another important milestone as Titan builds out its financial advice capability, a key component of the firm’s client-to-custody strategy.

TITAN WEALTH ACQUIRES ASPIRA CORPORATE SOLUTIONS

Titan Wealth Holdings (Titan) has today announced that it is acquiring Aspira Corporate Solutions Limited (subject to regulatory approval).The acquisition increases Titan’s AuM by £4bn to a total of £16.6bn.  

Established in 2000, Aspira Corporate Solutions has become a driving force within the independent financial advisory and employee benefits sector. Based in Bristol, it draws upon years of expertise to offer valuable financial advice via its team of 50 financial and corporate advisors to over 15,000 private and corporate clients across the UK. Aspira’s business model centres on providing expert, personal advice to its clients, built on strong, long-term relationships. It works closely with its diverse array of clients to ensure the advice it provides is constantly adapting to changing external and internal circumstances.

Aspira is a highly-regarded and successful financial advice business, and the acquisition will complement the existing retail offering of the Titan group and elevate its overall position in the market. Titan is already in a strategic partnership with Aspira to develop the investment proposition and manage the Aspira Model Portfolio Service investments.

Derek Miles, CEO of Aspira will become CEO of the financial planning division of Titan, with the remit to oversee the financial planning business within the Titan Group focussing on providing existing and new retail and corporate clients with financial advice and solutions.

Andrew Fearon, Joint Group CEO and Head of M&A at Titan said: “Aspira is an outstanding firm, which has been evident since our first meeting. This acquisition aligns with Titan’s growth ambitions, expands our financial advice offering and further develops the ‘Client to Custody’ offering, which is central to our overall corporate strategy.

“We are excited to work closely with Derek and the team at Aspira, to support them on their journey and to grow and develop Titan Financial Planning.”

Derek Miles, CEO of Aspira saidWe are delighted to be joining the Titan team, to further enhance the range of solutions we can offer our clients and solidify our market position.

It is clear from the many discussions we have had to date that Aspira and Titan are very much aligned in our shared vision of an innovative and integrated approach to financial advice. Today’s announcement marks a key step in our journey to enhance and improve our client proposition and brings with it lots of exciting opportunities which we will be working closely together to develop.

I am personally excited to take the Aspira team to such a forward thinking business and to join Andrew, James and the rest of the senior team at Titan to deliver on the fantastic potential of the expanding group”

The acquisition is subject to regulatory approval.

TITAN WEALTH REACHES CHANGE OF CONTROL MILESTONEWITH PARTHENON CAPITAL

The FCA has authorised change of control between Titan Wealth Holdings (Titan) and Parthenon Capital (Parthenon), formalising the strategic partnership between the two businesses. Closing will occur later this month.  

Parthenon is a leading U.S. private equity firm with deep financial services expertise and a strong
track-record and reputation in the wealth management sector. Following closing Parthenon will become the majority shareholder in Titan.

Parthenon will provide Titan with strong financial backing and support its aim to deliver integrated financial advice, investment, and platform services through a comprehensive client-to-custody strategy. Access to additional capital will also help support Titan’s ongoing M&A activity.

Andrew Fearon, Joint CEO and Head of M&A at Titan said: “The change of control milestone cements our relationship with Parthenon. The deal supports our overall acquisition strategy and will be instrumental for our future growth plans as a business. Parthenon’s substantial expertise in growing and developing businesses will also be invaluable for Titan, as we continue with our growth plans.”

Andrew Dodson, Managing Partner at Parthenon Capital said: “Titan is a fantastic business and the perfect investment for our first venture into the UK wealth market. From our many conversations with the team, it is clear that our strategic ambitions for the Titan business are very much in alignment. We look forward to working with the Titan team as they continue to build on the strong track record of growth and enhance the business’s unique, vertically integrated client-to-custody support.”

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