Titan Wealth has acquired Workplace Advice Group, a pension solution business based in Stoke on Trent, UK.
Following the acquisition, Titan Wealth’s assets under management and advice will total £36bn.
Titan Wealth said in a statement in 1 April that the acquisition represented the commitment to an integrated strategy across both corporate services and private clients, demonstrating its commitment to the corporate benefits market as a sector it views as an opportunity for growth and scalability.
The acquisition of Workplace Advice Group will not only complement Titan Wealth already established corporate benefits business run by Titan Wealth Planning (previously Aspira Corporate Solutions) but will contribute to the goal of growing the corporate book of clients for Titan Wealth Planning.
Workplace Advice Group holds a loyal client base with £200m in AUA servicing c. 1,459 schemes. Founded in 2013, Workplace Advice Group provides a comprehensive range of workplace pension services, including pension scheme setup and reviews, regulatory and compliance support, and salary sacrifice solutions.
Workplace Advice Group will work closely with Titan Wealth’s other businesses, including Titan Wealth Planning to service a range of corporate clients.
Andrew Fearon, Joint Group CEO and Head of M&A at Titan Wealth, said: “The continued growth of our corporate pensions offering has been a long-term goal for the firm. The acquisition of Workplace Advice Group and its leading workplace pension solutions offering and strong track record aligns with our long-term growth ambitions.”
“This acquisition not only strengthens our presence in the corporate pensions market but also enhances our ability to provide comprehensive, high-quality services to our clients. As we integrate Workplace Advice Group into our operations, we will be poised to deliver even greater value to our clients, by leveraging synergies and expanding our reach.”
Tony Dolman of Workplace Advice Group, added: “We are pleased to announce this deal with Titan Wealth. This next phase of growth will benefit our clients with improved business scale. The business will continue to support clients in navigating rules and regulations to reduce costs and streamline services that allow everyone to benefit from robust workplace pensions.”
