Titan Wealth has announced the acquisition of international advice firm Blacktower Group.
Blacktower will be merged into Titan Wealth International enlarging the firm’s global scale and capabilities. Dan Dickinson, chief executive officer of Titan Wealth, explained: “This [acquisition] significantly increases our ability to support and advise our clients across multiple jurisdictions due to Blacktower’s regulatory coverage, and adds £2.2bn in assets under management to the Titan Wealth International group.
See also: Ex-head of fund research exits RBC Brewin Dolphin for Titan Private Wealth
“Further, this agreement aligns with our vision to deliver seamless, regulated financial advice across key global markets and provides the scale, licensing and infrastructure to deliver that ambition.”
The deal, which is subject to regulatory approval, will expand the firms’ licensing footprint, discretionary and investment management services and client support infrastructure.
John Westwood, group chairman of Blacktower Financial Management, added: “Titan Wealth’s acquisition of the Blacktower Group represents a defining moment for international wealth management. This announcement will create a global business with the reach, strength and technical capability to deliver the highest possible standards of cross-border financial advice. Together, we are setting a new benchmark for the industry.”
Titan Wealth also acquired Square Mile in 2023, and recently rebranded it to Titan Square Mile.
See also: Titan Square Mile downgrades Monks investment trust on Adair retirement
