Tavistock Wealth to be renamed Titan Asset Management as sale to Titan Wealth completes

John Leiper remains as CIO

The sale of Tavistock Wealth, Tavistock’s multi-asset manager, to Titan Wealth has been completed and will be renamed Titan Asset Management.

It was also confirmed that Tavistock CIO John Leiper will remain in his role. The deal was granted change in control approval by the Financial Conduct Authority on 9 August. Tavistock announced on 14 June this year that it had entered a ten-year strategic partnership with Titan Wealth, through which Titan Wealth acquired Tavistock Wealth (TWL), which has more than £1bn of funds under management, for a consideration of up to £40m in cash, together with a ten-year earn out. Shareholders gave their approval for the deal, which is equivalent to 6.58p per Tavistock share, on 23 July. ...