Titan Wealth has acquired Jersey-based Advisa Wealth to strengthen its international financial-planning capabilities and enhance its presence in the Channel Islands.
The deal is subject to regulatory approval.
Advisa Wealth was founded in 1995. Its services include lifestyle planning, investment advice, life protection and corporate solutions.
It manages £525m in assets and serves around 1,800 clients, with a 95% retention rate.
As part of the deal, Advisa’s management team and 10 advisers will join the Titan Wealth group.
The acquisition complements Titan’s recent purchase of Ravenscroft International, bolstering its capabilities in both financial planning and wealth management in Jersey and Guernsey.
Together, these moves reflect Titan Wealth’s ambition to expand its footprint and achieve its vision of managing £100bn in assets within the next five years.
Titan Wealth’s joint group chief executive and head of M&A Andrew Fearon said Advisa Wealth’s “dedication to putting clients first” aligns with Titan’s ethos.
“This partnership strengthens our position in the Channel Islands and opens exciting new opportunities for growth,” he added.
Trevor Griggs of Advisa Wealth said joining Titan Wealth provides the firm with the scale and resources to “further enhance and develop” its client services.
He added: “We’re excited to collaborate with Titan’s extensive network and expertise to drive mutual success.”
Titan Wealth is backed by private-equity investors Parthenon Capital Partners and Hambleden Capital, and has £35bn of assets under management or advice.
Earlier this month, the business hired Succession Wealth’s Scott Hamilton as head of sales for its discretionary investment arm.
Hamilton will lead the push to expand Titan Private Wealth’s presence in the high-net-worth market.
In December last year, Titan acquired Independent Wealth Planners (IWP) for an undisclosed sum.
The deal, subject to regulatory approval, includes IWP’s two trading entities: IWP Financial Planning Limited and IWP Investment Management Limited.
The wealth manager said the acquisition represents an acceleration of its vertically integrated strategy.
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