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Tavistock Investment (TAVI)


Tuesday 31 August, 2021

Tavistock Investment

Completion of disposal of Tavistock Wealth

RNS Number : 0753K
Tavistock Investments PLC
31 August 2021

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now considered to be in the public domain.


Tavistock Investments Plc


("Tavistock" or the "Company")


Completion of disposal of Tavistock Wealth


31 August 2021


Tavistock has completed the sale of Tavistock Wealth Limited ("TWL") to Titan Wealth Holdings Limited ("Titan Wealth").


The Company announced on 14 June 2021 that it had entered a 10-year strategic partnership with Titan Wealth. As a part of these arrangements Titan Wealth has acquired TWL for a consideration of up to £40 million in cash, together with a ten-year earn out.


Tavistock's shareholders gave their approval for the transaction on 23 July 2021. The Financial Conduct Authority granted change in control approval on 9 August 2021.


James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth, said: "We are very pleased to have completed the acquisition of Tavistock Wealth. We value the strong relationship we have built with Tavistock and look forward to working closely with them. Tavistock Wealth will be renamed Titan Asset Management. John Leiper will continue in his role as Chief Investment Officer, overseeing a well-established team who have an excellent investment track record, and who will play a key part in the roll-out of Titan Wealth's central investment proposition that is being launched for both large and smaller IFA groups."


Brian Raven, Tavistock's Chief Executive, said: "We are pleased to have completed this transaction which endorses our corporate strategy. Our partnership with Titan Wealth will enable us to accelerate our growth plans and deliver maximum value to our shareholders.We also look forward to continuing to work closely with the highly successful investment team at TWL."


For further information:

Tavistock Investments Plc

Oliver Cooke

Brian Raven

Tel: 01753 867000


Allenby Capital Limited (Nominated adviser and broker)

Nick Naylor/Nick Athanas/Liz Kirchner (Corporate Finance)

Tony Quirke (Sales)


Tel: 020 3328 5656

Powerscourt (PR adviser to Tavistock)

Gilly Lock

Chloe Retief

Tel: 07711 380 007

  020 7250 1446


Brunswick Group (PR adviser to Titan)

Simone Selzer  Tel: 020 7404 5959

Emily Murphy   



About Tavistock Investments Plc


Tavistock Investments Plc is an AIM listed financial services group that has 180 advisers across the UK helping 30,000+ clients look after more than £4 billon of investments. The Company was established in 2013.


Tavistock's advisory business operates throughout the UK. The Tavistock Partners network supports 140 Registered Individuals (IFAs), providing compliance, administration, technology, training and accounting services. The Tavistock Partnership is a network that does the same for 20 Appointed Representative firms. Tavistock Private Client provides wealth management and financial planning to high-net-worth individuals.


The Tavistock Platform, launched in 2020, provides a low-cost platform service to the Group's advisory and investment clients.


On 14 June 2021, the Company announced its entry into a ten-year strategic partnership with Titan Wealth Holdings Limited ("Titan Wealth"). Tavistock acts as Titan Wealth's retail distribution partner and Titan Wealth has acquired Tavistock Wealth Limited ("TWL"), Tavistock's multi-asset manager with over £1 billion of FUM, for a consideration of up to £40 million in cash, together with a ten-year earn out. Whilst becoming part of Titan Wealth, John Leiper, Tavistock's Chief Investment Officer, and his investment team will continue to work closely with Tavistock and its advisers.


A new company, Tavistock Asset Management ("TAM"), now markets the Group's centralised investment proposition, both the ACUMEN UCITS funds and the Group's Model Portfolio Service ("MPS"). TAM will retain Titan Wealth as investment manager for the MPS.


The strategic partnership will enable Tavistock to accelerate the growth of its wealth management business both organically and through an acquisition programme.


About Titan Wealth Holdings


Titan Wealth Holdings (Titan Wealth) is a discretionary fund management/wealth and asset management business. Targeting £20-30 billion in assets under management over the next 3 to 5 years, Titan Wealth aims to bring high-quality execution and administration to the asset and wealth management sector. Titan Wealth provides execution, custody, clearing and wealth management services to small and medium sized broker dealers, proprietary traders, intermediaries, family offices and wealth managers. As a multi asset manager, Titan Wealth provides independent financial solutions to financial advisors, family offices, retail clients and institutions via a network of trusted intermediaries.


Titan Wealth is led by a highly experienced management team with deep expertise across financial services. Its management team comprises James Kaberry, an experienced entrepreneur and founder of Pantheon Financial Management, which grew to be one of the UK's largest financial advisory firms; Andrew Fearon, who has been active in UK wealth management and a founder of one of the biggest UK IFA consolidators, as well as raising funds for other UK IFA consolidators and Julian Parker, founding partner and CEO of GPP.


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