TITAN WEALTH ACQUIRE CARDALE ASSET MANAGEMENT￼
Capital and Trust - June 16, 2022 - 0 minute read
Titan Wealth Holdings announced the acquisition of Cardale Asset Management back in February, following approval of the FCA, Cardale has now officially become a Titan Group Company.
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 clients through a network of trusted intermediaries.
Based in Harrogate, North Yorkshire, Cardale is an independent investment management business, with turnover of £16m and EBITDA of £9.4m and provides portfolio management, stockbroking and financial planning services to private clients.
Since its launch in 2003 Cardale has seen impressive and sustained growth, reaching £1.5b in assets under management which it manages for approximately 3,500 clients, and has circa 70 financial and investment professionals under the leadership of a highly experienced Board.
Cardale will operate under the Titan Wealth holding group and retain its existing model, leadership and brand.
The acquisition of Cardale is estimated to double Titan Wealth’s revenues and will also support its continued growth towards meeting its target of £20-30bn in AUM within four years of launch.
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