M and A

Titan Wealth Completes Another UK Deal

Editorial Staff 22 April 2024

Titan Wealth Completes Another UK Deal

The firm has made a number of acquisitions recently. Backed by private equity, it is an example of the kind of M&A consolidation taking place in the UK's wealth industry.

Titan Wealth has just completed its acquisition of Aspira Corporate Solutions, bringing Titan's assets under management and advice to £17.3 billion ($21.5 billion).

Titan is targeting £50 billion in assets under administration over the next three to five years and assets under management of £40 billion. Titan Wealth is backed by Parthenon Capital Partners, Ares Management, and Hambleden Capital. The ownership structure highlights the role of private equity in such wealth sector consolidation. 

Aspira has grown substantially since its launch in 2003 within the independent financial advisory and employee benefits sector, Titan said. Based in Bristol, Aspira offers financial advice via its network of 45 financial advisors to over 15,000 private and corporate clients across the UK, the firm said in a statement.

Aspira’s business model is centred on providing expert, personal advice, built on long-term relationships. It works closely with an array of clients to ensure that the advice it provides is constantly adapting to changing external and internal circumstances. In joining the Titan Wealth network, Aspira will be able to enhance the offering it provides to clients by accessing the capabilities of other companies within the Titan Wealth group.

The acquisition will complement the existing offering of the Titan Wealth group, and deliver the group’s long-term growth ambitions.

Aspira, which will rebrand to Titan Wealth Planning, will be led by current CEO Derek Miles who will also take on responsibility for financial planning across Titan Wealth, the firm continued. It will provide new retail and corporate clients with financial advice and solutions, with no disruption to existing clients.

“This acquisition aligns with Titan Wealth’s growth ambitions, expands our financial advice offering and strengthens our commitment to delivering a fully-integrated ‘client-to-custody’ offering for our customers and clients,” Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, said. 

The firm has completed a number of transactions, most recently acquiring Loveday & Partners, a financial planning firm in Norwich with about £600 million in client assets. See more commentary here.

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