Titan Wealth is set to acquire East Anglia-based advisory and discretionary portfolio management (DPM) firms Finance Shop and FS Wealth Management.

The transaction, which is subject to regulatory approval, will see the firms become part of the Titan Wealth group.

Upon completion, Titan Wealth’s total assets under management and advice will increase to £37bn.

Finance Shop, which has £750m of assets under advice, offers independent financial advisory services for personal and corporate clients in the UK.

FS Wealth Management has approximately £340m of assets under discretionary mandate and over 4,000 clients across the UK, offering DPM services and creating bespoke investment portfolios for clients.

Titan Wealth said the deals bolstered its presence in East Anglia and will enable Finance Shop to offer a greater range of services to its clients, while FS Wealth Management’s face-to-face advice services would complement its offering.

“We are pleased to welcome Finance Shop and FS Wealth,” said Titan Wealth joint group CEO and head of M&A, Andrew Fearon.

“The firms have built a strong presence in East Anglia, a region of great importance to us. The acquisition allows us to continue building our geographical footprint in the East of England and further enhances our vertically integrated client offering.”

Finance Shop director, Nick Buchan, added: “We are delighted to be joining the Titan Wealth Group.

“The team’s support will enable us to offer better outcomes for our clients who are at the heart of our business. Titan Wealth’s scale will help to support our advisory and discretionary offerings.”

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