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

Titan Wealth, LTS Tax
London-headquartered Titan Wealth has acquired LTS Tax, a tax advisory firm in the Channel Islands. The deal, for an undisclosed sum, is subject to regulatory approval.

LTS provides a range of UK, Jersey and Guernsey tax advisory and compliance services, including personal and corporate taxation, trust taxation, inheritance tax planning, wealth structuring, double tax treaty and residence guidance, accounting, global mobility taxation, and UK real estate structuring. The business serves high net worth clients, trustees and corporates, often based internationally, with a requirement for UK, Guernsey and Jersey tax advice and compliance services. The LTS team includes 14 qualified UK chartered tax advisors and seven qualified accountants throughout its offices in the Channel Islands, the firm said in a statement.

The acquisition will bolster Titan Wealth's international presence and enhance its ability to provide coordinated advice for clients with complex international tax, trust, succession, and wealth structuring requirements. It also responds to growing demand for cross-border advice, driven by increasing regulatory complexity, international mobility, and the continued global movement of high net worth individuals and families, the firm continued.

“LTS’s solutions perfectly complement our existing strengths and will further differentiate our offering by combining specialist UK and offshore tax advice with financial planning, investment management and platform capabilities for the benefit of clients,” Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, said.

In other M&A moves, Titan recently announced that it had acquired Progeny International, subject to regulatory approval,. Again, this will bolster the group's ability to deliver wealth management services from principal international wealth centres and respond to the growing demand for cross-border advice. Progeny, which is present in Singapore, Hong Kong, Belgium, and Dubai International Financial Centre (DIFC), offers tax-led financial advice to internationally mobile individuals, entrepreneurs and multi-generational families. .

The firm also recently completed its acquisition of Independent Wealth Planners (IWP) adding £6.9 billion ($9.5 billion) of client assets.