DFM and wealth management consolidator Titan Wealth has acquired Yorkshire-based IFA firm Goldsborough Wealth for an undisclosed sum.
Founded in 2019 by Phil and Liz Jacobs, Goldsborough offers wealth management service to ultra- and high net worth individuals and has £40m ($46m, €46m) in assets under advice.
The acquisition is part of Titan Wealth’s plans “to build a vertically integrated, national wealth management group”, as well as “provide better integration and flexibility” to investment managers, IFAs and clients.
Acquisition spree
This is Titan Wealth’s fourth acquisition of 2022 after it bought DFMs Cardale Asset Management and Baggette, as well as wealth solution provider Haibun Wealth.
James Kaberry and Andrew Fearon, joint-chief executives of Titan Wealth, said: “Goldsborough Wealth is a sound strategic fit for the group that will both complement and enhance our overall offering for clients. When regulated advice is required it will be able to assist any of our individual clients and trustees to access Titan’s services where it is appropriate to do so.”
Phil Jacobs, co-founding director of Goldsborough Wealth, added: “We are pleased to join the Titan Group and look forward to harnessing the additional range of services and support on behalf of our clients and those introduced within the Titan Group.”
