Titan Wealth Holdings, a financial advice business, makes an acquisition that increases its footprint and range of clientele.

UK group Titan Wealth Holdings has just announced that it has acquired Bristol-based Aspira Corporate Solutions, subject to regulatory approval.

The acquisition increases Titan’s assets under management by £4 billion to a total of £16.6 billion. 

Established in 2000, Aspira Corporate Solutions is a player in the independent financial advisory and employee benefits sector, Titan said in a statement.

Buying Aspira will complement the existing retail offering of the Titan group and elevate its overall position in the market. Titan is in a strategic partnership with Aspira to develop the investment proposition and manage the Aspira Model Portfolio Service investments, it said.

Derek Miles, CEO of Aspira (pictured) will become CEO of the financial planning division of Titan, with the remit of overseeing the financial planning business within the Titan Group focusing on providing existing and new retail and corporate clients with financial advice and solutions.

“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," Andrew Fearon, joint group CEO and head of M&A at Titan, said.

“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," Miles added.