Titan Wealth Holdings has kicked off 2023 with the acquisition of a Kettering-based IFA.
Telford Mann is a firm of chartered financial planners and discretionary investment managers, and was originally established by Moore Chartered Accountants in 1988.
The group has assets under administration of £750mn, and provides both financial advice and a range of model portfolios for its clients.
Jon Telford and Jilly Mann, joint managing directors at Telford Mann (pictured), will remain with the company for two years after the acquisition, which is due to complete this month subject to regulatory approval.
Telford said: “From our early conversations, we quickly felt that Titan Wealth would be a valuable partner to take Telford Mann into the next stage of its growth.
“Jilly and I are incredibly proud of what we achieved together, and we look forward to working with the team at Titan over the next two years to ensure a seamless transfer of management, for our colleagues and our clients."
Andrew Fearon, joint chief executive at Titan Wealth Holdings, said the acquisition represents an “exciting opportunity” for Titan and brings a high-quality business into the group.
“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," he said.
The acquisition comes after Titan Wealth said it was looking to make a few strategic purchases of bigger IFAs this year.
It comes after a busy period for the company, which launched in summer 2021 with the acquisition of GPP and Tavistock Wealth's former DFM arm, now Titan Asset Management.
The deal saw a 10-year strategic partnership agreed between the two companies, with Tavistock acting as Titan's retail distribution partner.
It then embarked on a wave of purchases, including Baggette Asset Management, Cardale Asset Management, and alternatives distribution business Haibun.
sally.hickey@ft.com
