Backed by private equity, Titan Wealth has made a number of acquisitions recently, with this latest one being its first international deal. A number of banks and wealth managers have also been setting up shop in the Gulf.  

After making a series of acquisitions, Titan Wealth has just acquired the AHR Group, an international financial planning and wealth management firm headquartered in Dubai, United Arab Emirates.

AHR advises and manages $2 billion of assets under advice and under management on behalf of its clients and employs over 150 professionals in seven locations across six jurisdictions globally. Upon completion of the acquisition, AHR will be rebranded as Titan Wealth International, the firm said in a statement.

AHR is Titan Wealth’s first international deal and underscores its goal of building a vertically integrated offering across multiple jurisdictions,Titan said. This acquisition will bring Titan Wealth’s assets under advice, under management and on platform to over £20 billion ($26 billion). The firm wants to have £100 billion in assets across financial planning, investment planning and custody in the next three to five years. 

“This acquisition is an exciting development for our clients, reflecting our dedication to delivering an integrated financial services offering on a global scale,” Andrew Fearon (pictured), joint group CEO and head of M&A at Titan Wealth, said.

Titan Wealth is backed by Parthenon Capital Partners, Ares Management, and Hambleden Capital. The ownership structure highlights the role private equity plays in wealth sector consolidation. Titan's deal is also an example of M&A consolidation in the wealth industry. The firm has completed several transactions, most recently acquiring London-based investment boutique Wigmore Associates Wealth Management, 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.

AHR
Founded in 2020 by Daniel Dickinson, Tyla Philips, William Burrows, Asad Sheikh, Marc Beattie and Daniel Waterman, AHR provides wealth management and cross-border financial advice, primarily serving the specific needs of expatriates. With a significant presence in the UAE and offices in Mauritius, Malaysia, Cyprus, the UK, and Australia, AHR offers a broad suite of services including discretionary fund management, financial planning, tax planning, and estate planning.

Titan Wealth’s reach into the UAE, a market with growth opportunities, follows that of other wealth managers who have expanded a presence there.