The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Titan Wealth, Ravenscroft Investments
After making a number of acquisitions, Titan Wealth has expanded its international presence with the acquisition of Channel Islands-based Ravenscroft Investments, a wealth management services business. The acquisition is subject to shareholder approval and regulatory approval by the Guernsey Financial Services Commission and the Jersey Financial Services Commission.

Operating in both Guernsey and Jersey, Ravenscroft provides a range of offerings to its clients, including discretionary investment management, fund management, advisory investment services, execution-only trading, cash management, and dealing in, and storage of, physical precious metals. It employs around 100 staff to manage private and institutional clients, taking Titan Wealth’s total assets under management/assets under administration to £27.2 billion ($35 billion), the firm said in a statement.

As Titan Wealth seeks to grow its international advice proposition, both organically and through further acquisitions, Ravenscroft Investments – which will rebrand as Titan Wealth International next year – will provide operating capabilities offshore. The business also complements Titan Wealth’s own institutional dealing and wealth platform services in the UK.

The corporate finance and property management businesses of the wider Ravenscroft group are not included in the transaction, which follows Titan’s acquisition of Ravenscroft’s UK investment management business last year.

Founder Jon Ravenscroft will remain with the corporate finance and property management businesses, which will retain the Ravenscroft name. Ravenscroft will also be a significant shareholder in the Titan Wealth group.

“Closely following our acquisition of Dubai-based planning firm AHR, we have now made significant progress in expanding our differentiated and integrated proposition for international clients and advisors,” Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, said. See more commentary here about the AHR acquisition.

Backed by private equity, Titan Wealth, a vertically integrated business offering custody, platform, discretionary fund management and financial planning, is targeting £100 billion in assets across financial planning, investment management and custody over the next three to five years.