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Capital and Trust - May 18, 2023 - 0 minute read

Titan Wealth, a wealth management firm, is set to acquire the investment management division of Ravenscroft, an investment services provider in the UK. The specific financial details of the deal remain undisclosed and are subject to approval from shareholders and regulatory bodies.

Upon completion of the acquisition, Titan will gain approximately £600 million in assets under management as well as offices located in Peterborough and Bishops Stortford. The teams from both offices will merge with Titan, expanding its capabilities.

This strategic move will significantly boost Titan Wealth’s assets under management, bringing the total to £9.4 billion. Ravenscroft’s UK business comprises a mix of bespoke and model-style portfolios.

Andrew Fearon, joint CEO at Titan Wealth, expressed enthusiasm about the acquisition, stating, “Ravenscroft is a well-managed business with a loyal client base of high quality. Integrating their operations into our network will enable us to distribute investment and advisory services more effectively, enhancing our client to custody solutions and services.”

Ravenscroft, headquartered in Guernsey, is an investment services group responsible for managing £8.5 billion in assets for both private and institutional clients.

Jon Ravenscroft, group CEO of Ravenscroft, believes the acquisition aligns with Titan’s growth strategy. He emphasized the shared commitment to putting clients first and expressed confidence in the positive impact on both UK teams and their clients. The move will also allow Ravenscroft to focus on its expertise in the offshore market, where the majority of its clients, shareholders, and staff are situated.

This acquisition marks the second for Titan Wealth in 2023. In January, the company acquired Telford Mann, a Chartered Financial Planning firm based in Kettering, expanding its assets under administration to £750 million and gaining over 3,500 clients. In 2021, Titan acquired Tavistock Wealth Limited for up to £40 million in cash and a ten-year earn out from Tavistock Investments.

With ambitious growth plans, Titan aims to achieve £50 billion in assets under administration within the next three to five years. The company provides a comprehensive range of services, including execution, custody, clearing, and wealth management, catering to small and medium-sized broker dealers, proprietary traders, intermediaries, family offices, wealth managers, and platform services. They also offer custody and investment solutions to financial advisers, retail clients, and institutions through a network of trusted intermediaries.

Titan Wealth has the support of prominent private equity firms, including Parthenon Capital Partners, Ares Management, Maven Capital Partners, and Hambleden Capital.

If you’d like a confidential, obligation-free discussion about selling or acquiring a Wealth Management / Asset Management business, please click here, alternatively contact us at 0207-043-4300 or email us.

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