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Deals Of The Day: The Latest In Wealth Management M&A – Titan Wealth

Editorial Staff

28 June 2023

Titan Wealth Holdings 
has acquired Square Mile Investment Consulting and Research, subject to regulatory approval.

Square Mile brings a wealth of expertise, including a 21-strong team of 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, the firm said in a statement.  

In Titan Wealth, Square Mile has secured a long-term shareholder, committed to growing and developing its range of client services enabling them to deliver enhanced customer outcomes, and helping to expand the business’s market footprint, the firm continued. The acquisition, which encompasses about £2.6 billion ($3.3 billin) in assets under management currently held within Square Mile’s MPS portfolios, will enable Titan Wealth to expand its MPS proposition. Titan Wealth said it will also benefit from Square Mile’s industry relationships across the financial advice and asset management sectors.

Square Mile will continue to operate under its own brand following the acquisition; its management and wider team will remain in place both supporting and being supported by Titan Wealth. The acquisition takes Titan Wealth’s AUM to £12 billion ($15.28 billion) and strengthens the fully-integrated client-to-custody solutions.

“This latest acquisition further bolsters our aim to bring high-quality execution and administration to the asset and wealth management sector through our our client-to-custody solutions and services,” Andrew Fearon, joint CEO and head of M&A at Titan Wealth said. 

"The backing of Titan Wealth will help us strengthen and broaden our clients offerings, support Square Mile’s long-term growth aspirations and open new professional avenues for our staff within the broader group,” Richard Romer-Lee (pictured), Square Mile’s CEO, added.