Financial Planner and wealth manager Tavistock Investments and its former partner Titan Wealth (now Titan AM) have settled their long running legal battle, beset by claims and counterclaims between the two.
In a statement today, Tavistock Investment said: “Tavistock Investments Plc and Titan Wealth Services Limited confirm that they have agreed terms to settle the claims and counterclaims which are the subject of legal proceedings between them, their group companies, affiliates and directors.
“The terms of the settlement are confidential and no details will be made public.”
The five year dispute has seen extended legal action between the two.
Recently Titan claimed a Court of Appeal victory after judges ruled that a counterclaim submitted by Tavistock should not have been allowed. Titan overturned a High Court decision that permitted Tavistock to introduce a counterclaim alleging breach of confidence in respect of Titan AM’s development of its own Model Portfolio Service.
The dispute arose after the 2021 acquisition by Titan Wealth Services Limited of Tavistock Wealth Limited (now Titan AM), which managed a series of investment funds, including the Acumen Funds.
Following the acquisition, the parties entered into an Outsourced Management Agreement under which Titan AM continued to provide investment management services, including research and investment recommendations, to Tavistock's retained Model Portfolio Service.
Tavistock had sought to allege that Titan AM misused Tavistock's confidential information to create a rival Model Portfolio Service. However, the Court of Appeal found fundamental flaws in Tavistock's pleaded case.
The legal action created a long running spat between the two companies which were once partners.
In June 2021, Tavistock announced its entry into a 10-year strategic partnership with Titan Wealth Services Limited. As a part of the arrangements Titan acquired Tavistock's asset management business and range of risk rated UCITS sub-funds, branded Acumen.
According to claims by Tavistock, less than a year into the partnership it uncovered “multiple breaches” by Titan of the strategic partnership agreement and earnout arrangements. In July 2025 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.