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 complete property below administration or recommendation to over £17.4bn.
Wigmore was based by William Orenstein in 1999 and relies in London’s West Finish.
The agency offers portfolio administration companies in addition to pension, tax planning and inheritance tax recommendation to people, trusts, pension schemes, household workplaces and charities.
Wigmore says it work with HNW purchasers “in excessive worth and sophisticated circumstances” with a concentrate on tax effectivity. It offers 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 crew 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, stated: “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 accomplice to assist us proceed to ship glorious funding outcomes for our purchasers.”
Titan has been on the acquisition path in latest 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 presents custody, platform, discretionary fund administration and Monetary Planning. It’s focusing on £50 billion in property below administration over the following three to 5 years and property below administration of £40 billion.
In March it accomplished its acquisition of North Jap IFA Prism Monetary Recommendation, including £630m in property below 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 companies supplier Ravenscroft for an undisclosed sum and bought Chartered Monetary Planning agency Telford Mann for an undisclosed sum.
Titan is backed by Parthenon Capital Companions and Ares Administration. Its administration crew contains James Kaberry, an entrepreneur and founding father of Pantheon Monetary Administration and Andrew Fearon, founding father of a UK IFA consolidator.
