Titan Wealth has acquired investment management business Cardale Asset Management, based in North Yorkshire.

Founded by former Brown Shipley employees, Cardale has a turnover of £16 million and EBITDA of £9.4 million (for FY 2021), and provides portfolio management, stockbroking and financial planning services to private clients. 

With administrative expenses growing by just under £0.30 million, or by 4.49 percent to £6.87 million, this helped boost operating pr...