DFM and wealth management consolidator Titan Wealth has bought Haibun Wealth for an undisclosed sum.
With assets under management (AuM) of £200m ($242m, €237m), London-based Haibun offers a range of solutions for professional clients and high net worth individuals (HNWI) seeking alternative investment options in the private equity, Enterprise Investment Scheme, VCT and property space.
As part of the deal, Haibun will provide Titan Wealth with a suite of investment products to distribute to its clients and to IFAs, with tax efficient investment products continuing to be in demand from investors.
This complements Titan Wealth’s existing investment offering, which includes ETFs, direct equities, and fund of funds capabilities.
The acquisition brings Titan Wealth’s total AuM to around £5.4bn.
James Kaberry and Andrew Fearon, joint-chief executives of Titan Wealth, said: “The acquisition of Haibun presents an exciting opportunity for Titan Wealth to diversify its offering beyond what is typically provided by mainstream wealth management firms. Haibun also brings an important community of clients and providers to expand Titan Wealth’s network.
“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 acquisitions of Cardale and Baggette earlier this year, the acquisition of Haibun marks another key moment in our journey to providing better integration and flexibility to investment managers, IFAs and clients by adding a high-quality alternatives capability.
“We are delighted to welcome Haibun to the Group, to amplify its growth potential and to allow us to unlock even more value for our clients.”
Titan Wealth is targeting £50bn in assets under management over the next three to five years.