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Titan Wealth adds £200mn AUM with firm purchase

Titan Wealth adds £200mn AUM with firm purchase

Titan Wealth has acquired London-based Haibun Wealth for an undisclosed sum.

Founded in 2005 with a focus on customised portfolio diversification and tax efficient investments, Haibun has assets under management of £200mn.

The firm services professional clients and high net worth individuals looking for alternative investment options in the private equity, enterprise investment scheme, VCT and property space.

Titan Wealth said the deal will provide it with another suite of investment products for its clients and IFAs, as tax efficient investment products continue “to be in demand from investors”.

Titan Wealth’s joint CEOs, James Kaberry and Andrew Fearon, said the deal allows them to diversify the firm's offering beyond what is “typically provided by mainstream wealth management firms” and also brings “an important community” of clients and providers to expand Titan’s network. 

Last year, Titan Asset Management was rebranded from Tavistock Wealth after its £40mn sale completed. 

Kaberry and Fearon said that since then the firm has 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,” they said. 

The acquisition brings Titan Wealth’s total AUM to circa £5.4bn.

Haibun Wealth’s co-founding partner, Stuart Knight said he was excited about the acquisition and “strongly believes” joining the Titan Group will enhance its services. 

“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,” he said. 

In July, Titan Wealth added £180mn to its AUM with the acquisition of Poole-based discretionary fund manager, Baguette. 

Titan Wealth launched in June 2021 with the acquisition of investment and wealth management businesses GPP and Tavistock Wealth.

A month later the company then bought Tavistock’s DFM, renaming it Titan Asset Management after its £40mn sale completed.

jane.matthews@ft.com