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Deals Of The Day: The Latest In Wealth Management M&A – Titan Wealth, Prism

Editorial Staff

7 July 2024

Titan Wealth, Prism Financial Advice
, the UK wealth manager backed by Parthenon Capital Partners and Ares Management Holdings, has bought Prism Financial Advice in the northeast of the UK.

The acquisition will increase Titan Wealth’s total assets under management/advice to more than £12.6 billion ($15.5 billion), taking it closer to its goal of reaching AuM of £40 billion in the next three to five years.

Prism, which was founded in 2005, and is based in Gateshead, has a team of 17 advisors, 25 support staff and more than £630 million in assets under advice. 

Under terms of the deal, Prism will be fully incorporated into Titan.

The acquisition – the financial terms of which were not disclosed – is subject to regulatory approval.