Wealth manager Titan Wealth has formed a Settlement and Custody division to provide execution, settlement and custody services to Financial Planners, DFMs and institutional clients.

Titan entered the custody market with the acquisition of Global Prime Partners in 2021.

The wealth manager said its newly created division ‘underpins’ its capability in custody and settlement services.

The division will be led by Mike Fullalove who recently joined Titan to head Titan Settlement & Custody.

Mr Fullalove has over 25 years of experience across multiple sectors within financial services, including nearly six years as global head of asset management, insurance and pensions at Barclays Wealth Management. He has also worked in the technology sector, as an executive committee member of a software company providing solutions to the banking and insurance markets. 

He said: “The settlement and custody business is an integral part of the [Titan Wealth] offering, whilst also ensuring that state-of-the-art technology and commitment to delivering a quality service sets us apart in the wealth, settlement and custody markets.”

Andrew Fearon, joint CEO and head of M&A at Titan Wealth said the firm’s ambition has always been to “create a fully integrated end-to-end client-focused approach to wealth management” and that the new division compliments its two other strategic pillars of advice and asset management.

Titan Wealth is currently in the middle of a spat with former partner Financial Planning firm Tavistock.

In July Tavistock terminated its 10-year strategic investment partnership with Titan Wealth, blaming “unacceptable performance.”

Titan subsequently issued a counter statement accusing Tavistock of “serious wrongful conduct” in ending the deal under which Titan managed Tavistock funds.