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

Titan Wealth, Sound Financial Management
London-headquartered Titan Wealth is planning to acquire Sound Financial Management, a financial planning and advisory firm based in Plymouth, England. The acquisition will add £600 million ($825 million) assets under advice to Titan Wealth’s total assets under advice and management of £44 billion. Sound Financial will become part of the Titan Wealth Group.

The financial terms of the transaction, which are subject to regulatory approvalfrom the Financial Conduct Authority (FCA), were not disclosed.

Founded in 1997 by Adam Pollard, managing director, Sound Financial has a diversified service offering, including personal financial planning, investment management, retirement and pension planning, as well as business financial strategies and wealth and personal protection.

The business operates within a growing market, benefiting from long-term client relationships in the southwest region, the firm said in a statement. The acquisition will add regional scale to Titan Wealth, enhancing its proposition through an expanded client base and additional advisor experience.

Under Pollard’s leadership, and with the support of directors Paul Meatyard and Stephen Murphy, Sound Financial manages a book of business with around 5,000 active advice clients. The team is made up of eight financial advisors, who bring 87 years of advisory experience, supported by 16 administrators and paraplanners, and six back-office staff.

“We look forward to growing in Plymouth and the surrounding region, and to working with the Sound Financial team to offer enhanced solutions for all our clients,” Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, said.

The firm has been making a number of acquisitions, most recently with its intention to acquire Innes Reid Investments, a financial advice firm based in Chester, UK. See more here and here.