Titan Wealth buys £525m AUM Jersey Financial Planner
Wealth manager and investment firm Titan Wealth has continued its acquisition trail with a deal to buy £535m AUM Jersey Financial Planning firm Advisa Wealth.
Advisa’s management team and 10 advisers will join Titan Wealth group.
Advisa Wealth manages £525 million in assets and serves more 1,800 clients. It focuses on ‘tailored financial solutions’ for clients and serving them over the long term.
Advisa was founded in 1995 and provides whole of market Financial Planning. It offers lifestyle planning, investment advice, life protection, and corporate solutions.
Titan Wealth has acquired a number of Financial Planning and wealth management firms in recent years including Independent Wealth Planners (IWP) in December, a deal which added approximately £6.6bn of client assets to Titan Wealth.
The deals are part of Titan Wealth's aim to boost its assets under management from £35bn to £100bn within the next five years.
Titan Wealth says the deal will also boost its presence in the Channel Islands where it recently acquired Ravenscroft International, adding to its offerings in Financial Planning and wealth management in Jersey and Guernsey.
Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, said: “We’re thrilled to welcome Advisa Wealth into the Titan Wealth family. Their dedication to putting clients first aligns perfectly with our ethos. This partnership strengthens our position in the Channel Islands and opens exciting new opportunities for growth.”
Trevor Griggs of Advisa Wealth said: “Joining Titan Wealth provides us with the scale and resources to further enhance and develop our client services. We’re excited to collaborate with Titan’s extensive network and expertise to drive mutual success.”
The acquisition subject to regulatory approval.