PRESS RELEASE

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.

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.

Following on from the 2022 WealthBriefing Awards, Acclaim interviews the winners. Tom Wooders, Group Head of Sales at Titan Wealth and John Leiper, CIO at Titan Asset Management feature in an interview about Titan Wealth.

The interview features on page 113 click here to read the article or click here to read the full magazine.

We have just published the findings of a report we commissioned from Compeer that assesses the impact of outsourcing on a wealth managers’ scalability and profitability.

Key findings include:

• The wealth management industry is yet to optimise business scalability. Over the past five years only 37% of UK wealth managers have been able to grow their revenues at a faster rate than costs
• Much needed investment into digital technology across the front, middle and back office is driving productivity and allowing staff to spend more time on generating value for the end clients

Click here to find out more