Titan Wealth today announces its intent to acquire Sound Financial Management Limited (Sound Financial), an independent financial planning and advisory firm based in Plymouth, Devon, England.
The acquisition will add £600m assets under advice to Titan Wealth’s total assets under advice and management of £44bn. Sound Financial will become part of the Titan Wealth Group.
Founded in 1997 by Adam Pollard, Managing Director, Sound Financial has a diversified service offering, including Personal Financial planning, Investment Management, Retirement and Pension Planning, as well as Business Financial Strategies and Wealth and Personal Protection.
The business operates within a growing market, benefitting from long-term client relationships in the southwest region. The acquisition will add regional scale to Titan Wealth and enhances its proposition through an expanded client base and additional adviser experience.
Under Pollard’s leadership, with support of directors Paul Meatyard and Stephen Murphy, Sound Financial manages an extensive book of business, with around 5000 active advice clients. The team is made up of a further eight highly qualified financial advisers, who bring 87 years of advisory experience between them, supported by 16 administrators and paraplanners, and six back-office staff.
Andrew Fearon, Joint Group CEO and Head of M&A at Titan Wealth, said:
“We are excited to welcome the Sound Financial team to the Titan Wealth group. Sound Financial’s broad range of services and its financial advice team’s wealth of experience strenghtens our capabitilites in the southwest of England. We look forward to growing in Plymouth and the surrounding region, and to working with the Sound Financial team to offer enhanced solutions for all our clients.”
Adam Pollard, Managing Director of Sound Financial Management Limited, said:
“Becoming part of the Titan Wealth team opens up access to the business’s comprehensive range of in-house services, including discretionary asset management, investment solutions, and advanced technology platforms enhancing our existing client service proposition. All of this is directed at delivering better outcomes for our clients, who remain at the heart of everything we do.”
The acquisition is subject to regulatory approval from the Financial Conduct Authority (FCA).
