Wealth management Titan Wealth has acquired Independent Wealth Planners (IWP), a UK financial planning provider, subject to regulatory approval.
The deal includes IWP’s two trading entities, IWP Financial Planning Limited and IWP Investment Management Limited, and approximately £6.6bn ($8.3bn) in client assets, bringing Titan Wealth’s total assets under management and administration to £35bn.
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Moreover, the move strengthens Titan Wealth’s position as a vertically integrated financial services provider, blending independent financial advice with expertise in investment management and custody solutions.
The acquisition propels the group to one of the largest financial planning businesses in the UK, with more than £14bn in assets under advice.
Andrew Fearon, Joint Group CEO and Head of M&A at Titan Wealth expressed: “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.”
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By GlobalDataFor IWP, the acquisition follows extensive restructuring and consolidation, integrating its businesses into two regulated entities with a unified client experience.
Rob Allen, CEO of IWP Holdings, added: “We are delighted to be announcing this deal with Titan Wealth. 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.”
Titan Wealth and IWP have emphasised their shared commitment to improving client outcomes and delivering exceptional service. The acquisition, which is subject to regulatory approval, ensures to enhance both firms’ offerings and marks a new chapter in their growth.
Thistle Initiatives (Reg DD), Deloitte (Financial DD), White and Case LLP (legal), and Continuum Advisory Partners (exclusive financial adviser) provided advice to Titan Wealth. IWP received advice from PWC (Financial DD), Proskauer (legal), and Jefferies (financial adviser).
