Increasing wealth supervisor and Monetary Planer Titan Wealth has accomplished the acquisition of HNW-client targeted London-based funding adviser Wigmore Associates Wealth Administration for an undisclosed sum.
Titan Wealth says the deal will increase its whole belongings underneath administration or recommendation to over £17.4bn.
Wigmore was based by William Orenstein in 1999 and relies in London’s West Finish.
The agency gives portfolio administration providers in addition to pension, tax planning and inheritance tax recommendation to people, trusts, pension schemes, household places of work and charities.
Wigmore says it work with HNW purchasers “in excessive worth and complicated circumstances” with a concentrate on tax effectivity. It gives tailor-made portfolios for purchasers.
Andrew Fearon, joint-CEO & head of M&A, Titan Wealth Group, says: “We’re thrilled to welcome William, Lizzy and their group to the Titan Wealth household. This strategic acquisition enhances our vertically built-in proposition and expands our community’s providing to HNWIs.”
William Orenstein of Wigmore Associates, mentioned: “We’re excited for this new chapter for Wigmore Associates. Titan Wealth’s values and funding philosophy aligns with our personal and we couldn’t have discovered a greater companion to assist us proceed to ship wonderful funding outcomes for our purchasers.”
Titan has been on the acquisition path in current months. In April it snapped up £4bn AUM Bristol Monetary Planner Aspira and Norwich-based Monetary Planning agency Loveday & Companions which has round £600m of AUM.
Titan Wealth gives custody, platform, discretionary fund administration and Monetary Planning. It’s concentrating on £50 billion in belongings underneath administration over the subsequent three to 5 years and belongings underneath administration of £40 billion.
In March it accomplished its acquisition of North Japanese IFA Prism Monetary Recommendation, including £630m in belongings underneath administration. In October the agency acquired North East IFA Prism Monetary Recommendation, including £630m in AUM to its books. In June it acquired funding analysis and consultancy agency Sq. Mile for an undisclosed sum.
Titan has additionally acquired the UK funding administration arm of funding providers supplier Ravenscroft for an undisclosed sum and purchased Chartered Monetary Planning agency Telford Mann for an undisclosed sum.
Titan is backed by Parthenon Capital Companions and Ares Administration. Its administration group contains James Kaberry, an entrepreneur and founding father of Pantheon Monetary Administration and Andrew Fearon, founding father of a UK IFA consolidator.
