Titan Wealth Holdings (Titan) has today announced that it is acquiring Aspira Corporate Solutions Limited (subject to regulatory approval).The acquisition increases Titan’s AuM by £4bn to a total of £16.6bn.
Established in 2000, Aspira Corporate Solutions has become a driving force within the independent financial advisory and employee benefits sector. Based in Bristol, it draws upon years of expertise to offer valuable financial advice via its team of 50 financial and corporate advisors to over 15,000 private and corporate clients across the UK. Aspira’s business model centres on providing expert, personal advice to its clients, built on strong, long-term relationships. It works closely with its diverse array of clients to ensure the advice it provides is constantly adapting to changing external and internal circumstances.
Aspira is a highly-regarded and successful financial advice business, and the acquisition will complement the existing retail offering of the Titan group and elevate its overall position in the market. Titan is already in a strategic partnership with Aspira to develop the investment proposition and manage the Aspira Model Portfolio Service investments.
Derek Miles, CEO of Aspira will become CEO of the financial planning division of Titan, with the remit to oversee the financial planning business within the Titan Group focussing on providing existing and new retail and corporate clients with financial advice and solutions.
Andrew Fearon, Joint Group CEO and Head of M&A at Titan said: “Aspira is an outstanding firm, which has been evident since our first meeting. This acquisition aligns with Titan’s growth ambitions, expands our financial advice offering and further develops the ‘Client to Custody’ offering, which is central to our overall corporate strategy.
“We are excited to work closely with Derek and the team at Aspira, to support them on their journey and to grow and develop Titan Financial Planning.”
Derek Miles, CEO of Aspira said “We are delighted to be joining the Titan team, to further enhance the range of solutions we can offer our clients and solidify our market position.”
“It is clear from the many discussions we have had to date that Aspira and Titan are very much aligned in our shared vision of an innovative and integrated approach to financial advice. Today’s announcement marks a key step in our journey to enhance and improve our client proposition and brings with it lots of exciting opportunities which we will be working closely together to develop.
I am personally excited to take the Aspira team to such a forward thinking business and to join Andrew, James and the rest of the senior team at Titan to deliver on the fantastic potential of the expanding group”
The acquisition is subject to regulatory approval.