Quick-growing wealth supervisor and Monetary Planner Titan Wealth Group has accomplished its acquisition of Norwich-based Monetary Planning agency Loveday & Companions which has round £600m of AUM.
Having acquired FCA approval, the deal will enhance Titan Wealth’s whole AUM to £17.3bn.
Loveday & Companions was based in 2010 and the corporate’s administrators and its workforce of advisers and directors will stick with the enterprise.
They’ll proceed to advise on £600m of belongings for greater than 1,000 purchasers – together with households, pension funds, trusts and charities all through Norfolk.
Loveday & Companions’ work covers financial savings, investments, pensions, property planning and long-term care. The agency actively helps a variety of charities and social initiatives in Norfolk & Suffolk.
The transfer expands Titan Wealth’s geographical footprint, considerably rising its presence within the East of England.
Andrew Fearon, joint group CEO & head of M&A at Titan Wealth, stated: “Titan Wealth’s development plans are testomony to the group’s continued arduous work over the past 12 months. We stay up for working with the L&P workforce.”
Mark Loveday, of Loveday & Companions stated: “It has been clear to me from our early conversations that our companies share most of the identical values and beliefs. We’re wanting ahead to working intently with our Titan Wealth colleagues over the approaching months and years to help our mutual development ambitions.”
In a busy few months Titan has acquired a number of monetary and recommendation companies.
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.
Earlier within the 12 months Titan acquired the UK funding administration arm of funding providers supplier Ravenscroft for an undisclosed sum and in January it acquired Chartered Monetary Planning agency Telford Mann for an undisclosed sum.
Titan is backed by Parthenon Capital Companions and Ares Administration. Its administration workforce consists of James Kaberry, an entrepreneur and founding father of Pantheon Monetary Administration and Andrew Fearon, founding father of a serious UK IFA consolidator.