Titan Wealth has bought investment research and consultancy firm Square Mile for an undisclosed amount.

The deal will see Square Mile continue to operate under its own brand, and its management and wider team will also remain in place.

Square Mile, which was launched in January 2014, has £2.6bn in assets under management which are currently held within Square Mile’s MPS portfolios.

The deal will take Titan Wealth’s AUM to £12bn.

Richard Romer-Lee, Square Mile’s chief executive, said: “The backing of Titan Wealth will help us strengthen and broaden our clients offerings, supports Square Mile’s long-term growth aspirations and opens new professional avenues for our staff within the broader group.

“Moreover, Titan Wealth and Square Mile have a close cultural fit with a client-centric approach and a focus on delivering superior customer outcomes and we are confident that this development will bring significant benefits to all.”

Square Mile has a team of 21 research analysts covering the universe of UK retail funds, an investment management team responsible for Square Mile’s range of MPS solutions and its consultancy services for financial intermediaries and institutions.

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