DFM and wealth management consolidator Titan Wealth has acquired Kettering-based advice firm Telford Mann Group for an undisclosed sum.
The deal adds assets under administration of £750m and assets under management totalling more than £700m ($836m, €794m).
Telford Mann is a chartered financial planner and discretionary investment manager, originally established by Moore Chartered Accountants in 1988. It provides financial advice and a range of model portfolios managed on a discretionary basis.
Joint managing directors Jon Telford and Jilly Mann will remain in the business for a further two years to facilitate a smooth transfer to the senior management team.
Andrew Fearon, joint chief executive and 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 acquisition is expected to complete in January 2023, subject to regulatory approval.
Growth
Titan Wealth Holdings was busy in 2022 with four acquisitions.
It bought IFA firm Goldsborough Wealth, DFMs Cardale Asset Management and Baggette, as well as wealth solution provider Haibun Wealth for undisclosed sums.
The firm is also keen to expand outside of the UK after International Adviser reported that Titan Asset Management entered into a partnership agreement with DFM consultancy firm Maplesden Griffin & Partners to roll out model portfolios for the international market.
