Titan Wealth set to acquire Finance Shop and FS Wealth Management in the UK
Titan Wealth, a leading financial services group, has announced its intention to acquire Finance Shop and FS Wealth Management Limited. The deal, which is pending regulatory approval, marks a significant expansion for Titan Wealth in the UK.
Finance Shop, based in the UK, boasts a broad client base, offering guidance to both individual and corporate clients throughout the country. The company specialises in independent advisory services in retirement, investment, and tax-planning, and currently advises on assets worth £750m.
FS Wealth Management, another key player in the UK's financial sector, has a clientele of over 4,000 across the UK. The company specialises in Discretionary Portfolio Management (DPM) and has approximately £340m in assets under its discretionary mandate.
Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, expressed pleasure about the acquisition, stating that it would help Finance Shop offer better outcomes for its clients. Nick Buchan, director of Finance Shop, echoed this sentiment, expressing delight about joining Titan Wealth Group.
The acquisition is expected to provide Finance Shop with the capability to offer a broader spectrum of services. It is also anticipated to enhance Titan Wealth's East Anglia presence, further strengthening its position in the region.
Titan Wealth's scale is expected to support Finance Shop's advisory and discretionary offerings, leading to an increase in Titan Wealth's assets under management to £37bn. The acquisition is also expected to further enhance Titan Wealth's vertically integrated client offering.
This move comes after Titan Wealth's acquisition of financial advisory firm Advisa Wealth in January, which expanded its international financial planning capabilities and foothold in the Channel Islands. The company M&G Investments also established a current connection to Titan Wealth in East Anglia in 2024 through the acquisition of Loveday and Partners.
The acquisition of Finance Shop and FS Wealth Management is a strategic move for Titan Wealth, aiming to consolidate its position as a leading financial services group in the UK. The deal is expected to bring together two highly respected firms, offering a wide range of financial services to clients across the country.
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