Andrew Fearon, joint CEO and Head of M&A at Titan Wealth discusses future plans for the group with Sally Hickey from FT Adviser.
Titan Asset Management is pleased to announce it has entered into a partnership agreement with Maplesden Griffin & Partners.
Maplesden Griffin & Partners is a leading consultancy that works with discretionary fund managers to help firms simplify and reduce the burden of the investment process. With locations in both the British Isles and the UAE, Maplesden Griffin & Partners has the scope and scale to support clients over multiple locations.
As part of the partnership, Titan Asset Management will work alongside Maplesden Griffin & Partners to create a new model portfolio strategy for the international market.
Titan Asset Management will provide access to model portfolios, which are run by CIO John Leiper and the investment team, and available across international platforms and wrappers. Advisers will also be able to access other areas of Titan’s wide expertise including DFM, direct equity strategies and alternatives.
John Leiper CIO of Titan Asset Management said: “Maplesden Griffin & Partners is an impressive firm, which has been evident since our first meeting. The partnership moves Titan into new markets which aligns with our strategic ambitions. We are excited to bring the unique Titan offering to the international market, and work alongside the team at Maplesden Griffin & Partners, supporting them on their journey.”
Tom Macpherson, Head of Portfolio Management, who recently joined Titan from LGT Vestra, where he ran the MPS strategies, reiterated John’s comments and added that this was the first phase of the Titan Groups expansion into the international adviser and private clients markets.
Mark Maplesden: “From the outset it has always been our intention to work with a panel of DFMs, but it was important to choose the right partners. We wanted to ensure their proposition differed from what we already had, but also complimented our existing offerings. Our partners are delighted to now welcome Titan to be a part of Maplesden Griffin & Partners and recognize how a panel approach will help to continue to drive the change we all know is needed in the expat space to ensure the underlying clients’ best interests are served.”
Nick Griffin: “Our two businesses were introduced by a former colleague of both myself and Mark and the conversations have been so positive from the outset and we cannot wait to start working with all of those at Titan. Like ourselves, Titan is an entrepreneurial business with extensive experience in the advisor space, and they are keen to work with us to now offer their expertise to the expat markets.”
London 28 September 2022. GPP, a vertically integrated, multi-platform and financial services provider, part of Titan Wealth Holdings (“Titan Wealth”), has appointed industry stalwart Geoff Towers as its Chief Executive Officer. Geoff will be responsible for leading GPP as a core part of the group’s growth strategy, and further establishing the group’s position in providing leading technology and wealth management services to clients.
Geoff was previously Chief Executive of BNY Mellon’s Pershing business, and holds several non-executive director positions, including advising industry trade body PIMFA since November 2021. Geoff has 40 years’ experience in wealth management and investment services, including as CEO of Standard Life Savings where he oversaw the launch of its Wrap and Fund proposition. He started his career at Citibank and has also held roles at Barclays Wealth, Legal & General and Friends Life. Geoff is also an Advisory Board Member for the City of London Socio-Economic Diversity Task Force, which aims to improve socio-economic diversity at senior levels across UK financial and professional services.
Geoff replaces Julian Parker as CEO of GPP. Julian is co-founder of GPP and will remain in the business as Executive Chair, continuing to be actively involved in its sales strategy.
GPP offers clients access to global financial markets and was acquired by Titan Wealth in June 2021, enabling Titan’s Discretionary Fund Managers (DFMs) to scale, and providing investors and intermediaries with access to quality, cost-effective services.
The appointment is subject to FCA approval.
Andrew Fearon, Joint CEO of Titan Wealth commented: “GPP has become a core element of Titan’s wealth platform business since the acquisition last year and is fundamental to our expansion plans. Geoff brings market leading knowledge and extensive experience to the role, and I can think of no one better placed to chart the course for GPP’s continued development as part of Titan’s ambitious plans for growth.”
Geoff Towers, CEO of GPP, added: “Under Julian’s leadership, and more recently its expansion under the Titan group, GPP has established itself as a go-to platform for clients looking for an integrated service. I look forward to working with the team at Titan and GPP on the next phase of its growth, and in ensuring the business effectively navigates the challenging market environment to further build on its position.”
We are delighted to announce the acquisition of Goldsborough Wealth, a boutique IFA with a concentrated client base of ultra and high-net-worth individuals, owner managed businesses and trustees with £40m AUA. Founded in 2019 by Phil and Liz Jacobs, Goldsborough Wealth provides a bespoke wealth management service which caters for its clients complex financial planning and investment needs.
The acquisition of Goldsborough marks another moment in Titan Wealth’s journey to build a vertically integrated, national wealth management group, and to provide better integration and flexibility to investment managers, IFAs and clients.
James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth said:
Goldsborough Wealth is a sound strategic fit for the Group that will both complement and enhance our overall offering for clients. When regulated advice is required it will be able to assist any of our individual clients and trustees to access Titan’s services where it is appropriate to do so.
Phil Jacobs, Co-Founding Director of Goldsborough Wealth said:
We are pleased to join the Titan Group and look forward to harnessing the additional range of services and support on behalf of our clients and those introduced within the Titan Group.
Titan Wealth Holdings, (“Titan Wealth” or the “Group”) today announces the acquisition of Haibun Wealth Ltd (“Haibun”) as part of its ongoing strategy to bring a new proposition to the wealth and asset management sector.
With AUM of £200m, London-based Haibun was founded in 2005 to meet the increasing demand for customised portfolio diversification and tax efficient investments. Haibun offers a range of solutions for professional clients and high net worth individuals (HNWI) seeking alternative investment options in the private equity, Enterprise Investment Scheme, VCT and property space.
Haibun will provide Titan Wealth with another suite of investment products to distribute to its clients and to IFAs, with tax efficient investment products continuing to be in demand from investors. This complements Titan Wealth’s existing investment offering, which includes ETFs, direct equities, and fund of funds capabilities, and enables the Group to provide a comprehensive investment solution to IFA’s and HNWI’s in conjunction with its IFA and DFM platforms.
James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth said: “The acquisition of Haibun presents an exciting opportunity for Titan Wealth to diversify its offering beyond what is typically provided by mainstream wealth management firms. Haibun also brings an important community of clients and providers to expand Titan Wealth’s network.
“Since Titan Wealth launched in June 2021 with the acquisition of two leading investment and wealth management businesses – GPP and Tavistock Wealth Limited – we have been on a journey to reform the sector. Following the acquisitions of Cardale and Baggette earlier this year, the acquisition of Haibun marks another key moment in our journey to providing better integration and flexibility to investment managers, IFAs and clients by adding a high-quality alternatives capability.
We are delighted to welcome Haibun to the Group, to amplify its growth potential and to allow us to unlock even more value for our clients.”
Stuart Knight, Co-Founding Partner of Haibun Wealth commented: “We are excited by the acquisition and strongly believe joining the Titan Group will enhance the service we currently provide to our clients. The opportunity to join with a strategic partner providing greater resource will allow us to expand our offering and range of services as well as develop the experience for both existing and prospective clients. We look forward to working with James, Andrew and the wider Titan Group and continuing the growth of our business.”
This acquisition brings Titan Wealth’s total AUM to c.£5.4bn.
Titan Wealth was advised by Gateley Legal and supported in its due diligence by BDO and TCC.
4 July 2022
Titan Wealth acquires Baggette Asset Management
Titan Wealth Holdings, (“Titan Wealth” or the “Group”) today announces the acquisition of Baggette Asset Management Ltd (“Baggette”) as part of its ongoing strategy to bring a new proposition to the wealth and asset management sector.
Baggette is a Poole-based discretionary fund manager, launched in 2017, and has assets under management (AUM) of c.£180m. The deal adds a high-quality fund of funds capability to the Titan Group through Baggette’s Mazarin Fund range, enabling further diversification of Titan’s offering to its end clients. As part of the agreement, Titan and Baggette & Company Wealth Management (BWM) will form a strategic partnership, with Baggette Wealth Management acting as retail distribution partner.
James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth said: “The acquisition of Baggette allows us to extend the range of funds we offer through Titan Asset Management by incorporating the Mazarin Funds into the fund portfolio offering alongside the existing ACUMEN funds and range of MPS.
“Since Titan Wealth launched in June 2021 with the acquisition of two leading investment and wealth management businesses – GPP and Tavistock Wealth Limited – we have been on a journey to reform the sector. Following the acquisition of Cardale Asset Management earlier this year, the acquisition of Baggette marks another key moment in our journey to providing better integration and flexibility to investment managers, IFAs and end investors.”
This acquisition brings Titan Wealth’s total AUM to c.£5.2bn
Titan Wealth was advised by Gateley Legal and supported in its due diligence by RSM and TCC.
Following our announcement in February that we had agreed terms to acquire Cardale Asset Management, Titan Wealth is delighted to announce that following receipt of FCA approval; Cardale today became a Titan group company.
Moving forwards, Titan will work closely with Cardale to maximise business synergies, introduce new and innovative product solutions; in so doing, bringing added value to existing and future clients.
Tom Wooders, Group Head of Sales for Titan Wealth speaks exclusively with WealthBriefing about Titan’s plans to grow to £30 billion in AuM over the next five years.
Click the following link to read the full article. https://www.wealthbriefing.com/html/article.php?id=194550#.YoZx0nXMLrd
It was a busy night for Titan Wealth at the 2022 WealthBriefing European Awards. Titan Asset Management won the award for ‘Most Innovative Thematic Proposition’ and Tom Wooders, Group Head of Sales representing Titan Wealth Solutions presented two awards – Alternative Investment Manager (Bank/Institutional) and Blockchain-based Sourcing Solution.
London, 29 March 2022
Wealth Managers Embracing Outsourcing Outperform
Titan Wealth Solutions, a Titan Wealth Group company, has today published the findings of a report assessing the impact of outsourcing on a wealth managers’ scalability and profitability. Entitled “The link between outsourcing, profit and scale” this report, which was compiled by Compeer, a data provider to the wealth management industry, finds that over the past five years wealth managers with an outsourcing model have outperformed those which retained their in-house technology and operations infrastructure, both in terms of assets and revenue growth.
According to the report, when asked about the benefits of an outsourced business model, 83% of wealth managers who participated believe outsourcing can provide a strategic advantage. By providing business expertise and specialist technology and in allowing the wealth manager to focus on value-added services for the end client without distraction by administrative tasks, outsourcing provides both cost and operational efficiencies. The report also suggests a reticence on the part of wealth managers to fully embrace outsourced solutions and to reallocate resource away from traditional in-house cost centres which are driving up costs.
Additional findings include:
Tom Wooders, Group Head of Sales at Titan Wealth said: “Our report clearly highlighted the appetite among wealth managers, post-Covid, to embrace the benefits of outsourcing in terms of digital technology innovation, and increased productivity via end-to-end process automation. Selecting an outsource partner who can offer ease of integration and an appreciation of the wealth manager’s business imperatives are now seen as key to achieving future scalable business growth.”