Titan was formed to provide an integrated suite of services to investment managers and independent financial advisers (IFAs), through a central proposition that combines discretionary fund management (DFM) with trade, custody and settlement services available through a leading technology platform.
Led by a highly experienced team of financial services entrepreneurs, Titan is targeting £20-£30 billion in assets under management over the next three to five years, representing an exciting opportunity within the rapidly evolving wealth management sector to offer higher quality, more flexible and independent services to clients.
The acquisition of Global Prime Partners (GPP), which has £2 billion in assets under administration and carries out more than 500,000 trades per year for its clients, will provide a full suite of execution, settlement and custody services to Titan, in addition to its institutional clearing and custody business. GPP’s platform harnesses state of the art digital and client-facing technology with a large established proprietary back-office infrastructure and will enable Titan’s existing Discretionary Fund Managers (DFMs) to scale, whilst providing its investors and intermediaries with access to better quality and more cost-effective services.
Tavistock Wealth is a specialist multi-asset DFM with in excess of £1bn in assets under management, a market leading investment track record and ESG capability. Titan and Tavistock will form a long term strategic partnership, which will see Tavistock acting as retail distribution partner and retaining Titan as the investment manager for its centralised investment proposition.
Both businesses will operate under the Titan holding group and retain their existing successful models and leadership teams. Following the acquisitions, which are subject to regulatory approval, Titan will have £3 billion of assets managed through its platforms.