Titan Wealth adds £180mn to AUM with DFM purchase
- On July 7, 2022
- By GrowthInvest Marketing
Titan Wealth has bought a Poole-based discretionary fund manager as part of its aim to increase its assets under management to between £50bn and £70bn in three years.
Discretionary fund manager Baggette launched in 2017 and has AUM of £180mn, including the Mazarin Fund range.
As part of the deal, Baggette and Titan will form a strategic partnership with Baggette Wealth operating as a retail distribution partner.
The acquisition brings Titan Wealth’s total AUM to £5.2bn.
Joint-chief executive officers of Titan Wealth, James Kaberry and Andrew Fearon, said the acquisition allows Titan to extend the range of funds it offers.
“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,” they said.
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