DFM consolidator Titan Wealth buys Cardale Asset Management
Company acquired Tavistock’s £1bn multi-asset arm in June 2021
Company acquired Tavistock’s £1bn multi-asset arm in June 2021
It will target ‘some select new geographies’ with future deals
Deal brings its assets under management to over £3bn
PE firm made the merger with Smith & Williamson possible after regulatory concerns were raised
A round-up of people moves and M&A deals across North America
It plans to cut acquired firm’s fees to 0.15%
In a bid to reach target of £14bn AuM globally
There will be no change to the pension administration fees
Combined business will have over £250m AuM with bases in Liverpool, Bolton, Lancaster and Watford
It is understood the French giant will retain 20% stake in the business
In a bid to ‘elevate its position in the attractive’ market
Deal is no longer in the firm’s ‘strategic interests’