Titan Wealth Holdings has announced the acquisition of Telford Mann Group Limited.
With AUA of £750m and AUM totalling more than £700m, Telford Mann is a firm of Chartered Financial Planners and Discretionary Investment Managers, originally established by Moore Chartered Accountants in 1988. Based in Kettering, the acquisition will significantly increase Titan’s presence in the region.
Telford Mann provides financial advice for its clients and a comprehensive range of model portfolios managed on a discretionary basis, which have performed consistently well since inception.
Jon Telford and Jilly Mann, joint Managing Directors, will remain in the business for a further two years to facilitate a smooth transfer to the strong senior management team, who are motivated to drive further growth as part of the wider Titan group.
Acquiring Telford Mann further expands the group’s capabilities and enhances Titan’s ability to deliver comprehensive, integrated investment and platform services and its client to custody strategy.
Jon Telford, Joint Managing Director at Telford Mann said: “From our early conversations, we quickly felt that Titan Wealth would be a valuable partner to take Telford Mann into the next stage of its growth. Jilly and I are incredibly proud of what we achieved together, and we look forward to working with the team at Titan over the next two years to ensure a seamless transfer of management, for our colleagues and our clients.”
Andrew Fearon, Joint CEO & Head of M&A at Titan Wealth Holdings said: “The acquisition of Telford Mann represents an exciting opportunity for Titan and brings a high-quality business into the Group with the scope to further grow EBITDA over the coming years. Titan is increasingly well-positioned to pursue our ambitious growth targets, meet and drive further demand for our integrated client to custody model of investment and platform services.”
The deal comes at a busy time for Titan since its purchase of Tavistock’s wealth arm back in the summer of 2021, with acquisitions such as London-based Haibun and Poole-based Baggette.
The acquisition is expected to complete in January 2023, subject to regulatory approval.
Titan Wealth was advised by Gateley Legal, PwC and BDO.
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