We are pleased to announce that our sister company Baggette Asset Management Limited has been acquired by Titan Wealth.
Baggette & Company Wealth Management Limited will continue to act as an Independent Financial Adviser.
In summary, the Titan Press release issued on 4th July 2022 confirmed:
Titan Wealth acquires Baggette Asset Management Ltd
Titan Wealth Holdings (“Titan Wealth” or the “Group”) today announces the acquisition of Baggette Asset Management Ltd as part of its ongoing strategy to bring a new proposition to the wealth and asset management sector.
Baggette Asset Management Ltd is a Poole-based discretionary fund manager, launched in 2017, and has assets under management (AUM) of c.£180m. The deal adds a high-quality fund of funds capability to the Titan Group through Baggette Asset Management’s Mazarin Fund range, enabling further diversification of Titan’s offering to its end clients. Baggette & Company Wealth Management (BWM) will continue acting as a retail distribution partner.
James Kaberry and Andrew Fearon, joint-CEOs of Titan Wealth said: “The acquisition of Baggette Asset Management Ltd allows us to extend the range of funds we offer through Titan Asset Management by incorporating the Mazarin Funds into the fund portfolio offering alongside the existing ACUMEN funds and range of MPS.
“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. Following the acquisition of Cardale Asset Management earlier this year, the acquisition of Baggette marks another key moment in our journey to providing better integration and flexibility to investment managers, IFAs and end investors.”
This acquisition brings Titan Wealth’s total AUM to c.£5.2bn
Titan Wealth was advised by Gateley Legal and supported in its due diligence by RSM and TCC.