UK's Finance Shop and FS Wealth Management to be acquired by Titan Wealth
Titan Wealth, a leading financial services company, has announced its plans to acquire two advisory firms: Finance Shop and FS Wealth Management Limited. This strategic move is aimed at bolstering and expanding Titan Wealth's presence in East Anglia, a region they consider crucial, and enhancing their geographically integrated and vertically integrated client service offering.
In January, Titan Wealth made headlines with the acquisition of financial advisory firm Advisa Wealth, which enhanced its international financial planning capabilities and expanded its foothold in the Channel Islands. This latest acquisition continues the company's growth trajectory.
Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, expressed his pleasure at welcoming Finance Shop and FS Wealth into the fold. He noted that the acquisition will provide a broader spectrum of services to their clientele, improving client outcomes by leveraging Titan Wealth’s scale and integrated capabilities.
Finance Shop, with assets under advice worth £750 million, offers face-to-face independent advisory services on retirement, investment, mortgages, tax planning, and protection for both personal and corporate clients. They have a broad client base, offering guidance to clients throughout the UK.
FS Wealth Management, on the other hand, specializes in Discretionary Portfolio Management (DPM), creating tailored investment portfolios. They manage assets under their discretionary mandate amounting to approximately £340 million, serving over 4,000 clients across the UK.
The acquisition is pending regulatory approval and, if successful, will significantly grow Titan Wealth’s assets under management/advice to £37 billion. This acquisition further enhances Titan Wealth's vertically integrated client offering and strengthens their local market footprint, following their earlier acquisition of local firm Loveday and Partners.
Nick Buchan, director of Finance Shop, stated that the acquisition will enable them to offer better outcomes for their clients. He expressed his excitement about the opportunities this partnership will bring for both companies.
With this acquisition, Titan Wealth continues to build its geographical footprint in the East of England, solidifying its position as a leading financial services provider in the region.
Titan Wealth's acquisition of Finance Shop and FS Wealth Management will enhance its assets under management, currently valued at £37 billion, providing a broader spectrum of services such as wealth management and investing. This move is expected to leverage AI and finance to create tailored investment portfolios and improve client outcomes. The acquisition will strengthen Titan Wealth's presence in East Anglia, a crucial region, and solidify their standing as a leading business in wealth-management services.
