Titan Wealth has acquired financial advice firm Aspira Corporate Solutions Limited for an undisclosed sum.
Bristol-based Aspira Corporate Solutions has a team of 50 financial and corporate advisers to over 15,000 clients.
Chief executive of Aspira Derek Miles will become chief executive of the financial planning division of Titan with the remit to oversee the financial planning business with the Titan Group.
The purchase will increase Titan’s assets under management by £4bn to £16.6bn (€19bn,$20.3bn).
Titan is already in a strategic partnership with Aspira to manage its Model Portfolio Service investments.
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Andrew Fearon, joint group chief executive and head of M&A at Titan, said: “Aspira is an outstanding firm, which has been evident since our first meeting. This acquisition aligns with Titan’s growth ambitions, expands our financial advice offering and further develops the ‘Client to Custody’ offering, which is central to our overall corporate strategy.
“We are excited to work closely with Derek and the team at Aspira, to support them on their journey and to grow and develop Titan Financial Planning.”
Miles, added: “It is clear from the many discussions we have had to date that Aspira and Titan are very much aligned in our shared vision of an innovative and integrated approach to financial advice. Today’s announcement marks a key step in our journey to enhance and improve our client proposition and brings with it lots of exciting opportunities which we will be working closely together to develop.
“I am personally excited to take the Aspira team to such a forward thinking business and to join Andrew, James and the rest of the senior team at Titan to deliver on the fantastic potential of the expanding group”
This news comes after Titan Wealth acquired Gateshead-based IFA Prism Financial Advice in October this year.
