UK-based integrated wealth management firm Titan Wealth has acquired financial planning solutions provider Independent Wealth Planners (IWP).
The acquisition includes IWP’s two trading entities, IWP Financial Planning and IWP Investment Management, and client assets worth around £6.6bn.
Titan Wealth combines independent financial advice with its expertise in investment management and custody solutions, to deliver compelling client outcomes.
The acquisition makes Titan one of the largest financial planning businesses in the UK, with more than £14bn in assets under advice.
It brings Titan Wealth’s total assets under management (AUM) to nearly £35bn and advances its vertically integrated strategy.
Titan Wealth joint group CEO and M&A head Andrew Fearon said: “It has been a long-term goal of mine and James Kaberry, as founders of Titan Wealth, to acquire and partner with one of the leading IFA platforms in the UK and we are delighted to have fulfilled this ambition with our acquisition of IWP.
“We are both very familiar with the key individuals at IWP and know from experience that this is a fantastic business, with some of the best advisers across the UK managing approximately £6.6bn worth of client assets. We are extremely excited and honoured to be able to continue on their journey with them.”
The acquisition is expected to consolidate the work by IWP’s management team in restructuring the group, bringing all trading businesses into two regulated entities.
Also, it will unify the company’s operations into a single operating platform with an enhanced and fully harmonised client experience.
IWP will work closely with Titan’s other financial advisory businesses, including Titan Wealth Planning, providing access to Titan’s broad investment solutions and wider network.
Jefferies served as financial adviser, Proskauer as legal advisor and PWC as Financial DD to IWP, on this transaction.
Also, Continuum Advisory Partners served as the sole financial advisor, White and Case as a legal advisor, Deloitte as Financial DD and Thistle Initiatives as Reg DD, to Titan Wealth.
IWP Holdings CEO Rob Allen said: “Throughout the deal process, it has been clear to all of us at IWP that Titan Wealth shares our emphasis on driving consistent improvements to the client journey and delivering the best possible client service.
“Following a period of significant growth and consolidation as a standalone business, joining Titan Wealth represents a fantastic opportunity and next step. I am excited by the benefits that this powerful combination will provide for both clients and colleagues.”
