Titan Wealth has completed the acquisition of Tavistock Wealth Limited. The transaction includes a consideration of up to £10m in cash, along with a ten-year earn out.
Shareholders and the Financial Conduct Authority approved the deal in July and August, respectively.
James Kaberry and Andrew Fearon, joint-CEOs at Titan Wealth, commented on the deal:
“We are very happy to have completed the acquisition of Tavistock Wealth. We value the strong relationship we have built with Tavistock and look forward to working closely with them. Tavistock Wealth will rebrand as Titan Asset Management.
“John Leiper will continue in his role as Chief Investment Officer, overseeing a well-established team who have an excellent investment track record. He will consequently play a key part in the roll-out of Titan Wealth’s central investment proposition that is being launched for both large and smaller IFA groups.”
Brian Raven, Tavistock’s chief executive, said: “We are happy to have completed this transaction which endorses our corporate strategy. Our partnership with Titan Wealth will enable us to accelerate our growth plans and deliver maximum value to our shareholders. We also look forward to continuing to work closely with the highly successful investment team at TWL.”
The deal comes in the wake of Titan and Tavistock announcing a ten year partnership back in June.
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