Titan Wealth has signed a deal to acquire £7.9bn AUM Channel Islands wealth manager Ravenscroft Investments Limited.

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.

Financial Planning firm Tavistock, which is in the middle of a legal spat with former business partner Titan Wealth Services, said profits climbed fifteenfold to £2.23m in the year to end of March, up from £0.14m in the previous 12 months.

Titan Investment Solutions, the investment arm of Titan Wealth, has added two new funds to its fixed income range.