Titan Wealth has announced the acquisition of Independent Wealth Planners (IWP), a provider of financial planning solutions, for an undisclosed amount.

The transaction contains IWP’s two trading entities – IWP Financial Planning Limited and IWP Investment Management Limited – and approximately £6.6bn of client assets. This will bring Titan Wealth’s total assets under management (AuM) to approximately £35bn.

Titan Wealth combines independent financial advice with investment management expertise and following the acquisition, the group will be one of the largest financial planning businesses in the UK with more than £14bn of its assets under advice.

The deal will also see IWP work closely with Titan Wealth’s other financial advisory businesses, including Titan Wealth Planning.

Joint group CEO and head of M&A at Titan Wealth, 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.”

IWP Holdings CEO, Rob Allen, added: “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 remains subject to regulatory approval.

---