Wed, 18 Dec 2024 | BUSINESS SALE
Private equity backed Titan Wealth has bought UK peer, Independent Wealth Partners, for an undisclosed sum.
Titan Wealth,backed by Parthenon Capital Partners, Ares Management and Hambleden Capital, provides a range of wealth and asset management services.
Warwickshire-based Independent Wealth Partners, founded in 2019, has grown by acquiring like-minded firms across the UK. It now has over 130 financial planners.
The deal includes IWP’s two trading entities, IWP Financial Planning Limited and IWP Investment Management Limited, adding £6.6 billion of client assets to Titan Wealth.
According to Titan Wealth the deal means it will become one of the largest financial planning businesses in the UK with more than £14 billion of assets under advice, as well as a total of £35 billion in assets under management.
Andrew Fearon, joint chief executive and head of M&A at Titan Wealth, said: “It has been a long-term goal of mine and James Kaberry, as co-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.”
Rob Allen, chief executive of IWP Holdings, added: “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.”
The acquisition is subject to regulatory approval.
Titan Wealth was advised by Continuum Advisory Partners as its sole financial adviser, White and Case LLP providing legal help and Deloitte providing financial due diligence.
The move comes shortly after Titan’s acquisition of Ravenscroft Investments Limited, a wealth management service business operating in both Guernsey and Jersey, this October.
Find out more about Titan Wealth's M&A strategy
An established Independent Financial Adviser (IFA) firm in the North-West with £100 million Funds Under Management presents a unique acquisition opportunity.
An opportunity has arisen to acquire a prominent Scotland-based hub with an impressive £500 million of funds under management.
Opportunity to acquire a respected financial adviser in London with a significant £90m funds under management portfolio, providing a solid foothold in the high-net-worth sector.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.