M and A

Deals Of The Day: The Latest In Wealth Management M&A – Titan Wealth, Wigmore Associates WM

Editorial Staff 9 May 2024

Deals Of The Day: The Latest In Wealth Management M&A – Titan Wealth, Wigmore Associates WM

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

Titan Wealth, Wigmore Associates Wealth Management
After making a number of acquisitions recently, Titan Wealth has completed another deal with London-based investment boutique Wigmore Associates Wealth Management. The deal increases Titan Wealth’s assets under management to over £17.4 billion ($22 billion).

Founded by William Orenstein (pictured), Wigmore specialises in providing portfolio management services, together with pension, tax planning and inheritance tax advice to individuals, trusts, pension schemes, family offices, and charities.

Wigmore also provides advice to high net worth individuals in high value and complex circumstances, through portfolios that aim to meet clients’ investment objectives and personal risk requirements in a tax efficient way, the firm said in a statement.

“This strategic acquisition enhances our vertically integrated proposition and expands our network’s offering to HNWIs,” Andrew Fearon, joint-CEO and head of M&A, Titan Wealth Group, said.

Titan Wealth is a vertically integrated business offering custody, platform, discretionary fund management and financial planning, targeting £50 billion in assets under administration over the next three to five years and assets under management of £40 billion.

Backed by private equity, the latest move is an example of the kind of M&A consolidation taking place in the UK's wealth industry. Titan Wealth has completed a number of transactions, most recently acquiring Aspira Corporate Solutions as well as Loveday & Partners, a financial planning firm in Norwich with about £600 million in client assets. See more commentary here and here.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes