Tavistock’s £1bn multi-asset arm has been rebranded following its sale to Titan Wealth.
DFM consolidator Titan paid £40m in cash for Tavistock Wealth in June and entered into a 10-year partnership with Tavistock.
Tavistock shareholders gave their approval on 23 July 2021, while the Financial Conduct Authority greenlit the change in control on 9 August 2021.
James Kaberry and Andrew Fearon, joint-chief executives of Titan Wealth, said that Tavistock Wealth will be renamed Titan Asset Management.
John Leiper will remain as chief investment officer as he will “play a key part in the roll-out of Titan Wealth’s central investment proposition that is being launched for both large and small IFA groups”.
See also: PE-backed consolidator snaps up Tavistock’s £1bn multi-asset arm
Tavistock chief executive Brian Raven (pictured) added: “We are pleased 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 Tavistock Wealth.”
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