Titan Wealth to add £900m of AUA with acquisition of Progeny International

Titan Wealth is set to acquire Progeny International, adding approximately £900m of assets under advice (AUA) to its international business.

The acquisition of the international business arm of the Progeny Group is subject to regulatory approval.

Progeny International, formerly part of the Fry Group, is a tax-led financial advice business with operations in Belgium, Singapore, Hong Kong and Dubai International Financial Centre (DIFC).

It specialises in support internationally mobile individuals, entrepreneurs, and multi-generational families with cross-border financial planning, wealth structuring, succession planning, tax, and investment advice.

Titan Wealth said the acquisition would strengthen its international presence, expanding its footprint across centres for international finance and private wealth across Europe, Asia, and the Middle East.

Additionally, the firm said the agreement would enhance its ability to provide integrated wealth management solutions to clients with international interests, while adding 13 financial advisers to the group.

“International expansion is a key part of Titan Wealth’s long-term growth strategy and Progeny International is a highly complementary addition to our growing international business,” said Titan Wealth joint group CEO and head of M&A, Andrew Fearon.

“It has built an outstanding reputation for delivering specialist advice to clients with increasingly complex cross-border requirements and its presence in several of the world’s leading wealth hubs significantly enhances our global reach.

“This acquisition reinforces our commitment to providing clients with a seamless, integrated wealth management proposition wherever they are based, and we are excited to partner with the team as we continue to expand our international capabilities.”

Progeny Group CEO, Tom Wood, added: “The sale of our international business marks a pivotal moment in our journey and a decisive step in sharpening our strategic focus.

“Over the past year, we have undertaken a deep strategic review, creating a simpler, stronger and more agile organisation that can scale effectively and deliver consistently strong outcomes for clients.

“This move is about focus, clarity and ambition. By concentrating our resources on our core UK market and capabilities, we are reinforcing our commitment to financial resilience, operational excellence and technology-enabled service.

“With these foundations in place, we are well positioned to further our growth and deliver sustainable value for clients, colleagues and shareholders as we enter the next chapter of Progeny’s development.”

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