Titan Wealth will acquire Finance Shop and FS Wealth Management — two discretionary portfolio management firms based in East Anglia.
This acquisition, which is subject to regulatory approval, will boost Titan Wealth’s total assets under management to £37bn. Titan Wealth has not disclosed the sum it is paying for these businesses.
The Finance Shop offers a range of advisory services to both corporate and personal clients, covering retirement, investment, tax-planing and protection. It has £750m assets under advice.
FS Wealth Management offers discretionary portfolio management, creating tailored investment portfolios for clients, with around £340m assets under discretionary mandate. The first has around 14 advisers, bringing through a team of younger advisers, four of which are women.
Titan Wealth says this deal bolsters its presence in Norwich, and will enable both firms to offer a greater range of services to clients. This latest acquisition follows Titan Wealth’s purchase of Loveday and Partners in 2024, another East Anglian-based company.
Titan Wealth joint group CEO and head of M&A Andrew Fearon says: “These firms have built a strong presence in East Anglia, a region of great importance to us. The acquisition allows us to continue building our geographical footprint in the East of England and further enhances our vertically integrated client offering.”
Finance Shop director Nick Buchan adds: “We are delighted to be joining the Titan Wealth Group. The team’s support will enable us to offer better outcomes for our clients, while Titan Wealth’s scale will help to support our advisory and discretionary offerings.”