UK’s Titan Wealth to Grow AUM to £35B with IWP Purchase

Titan Wealth is looking to increase its total AUM to £35B (~$44.42B) and become one of the largest financial planning businesses in the UK through the acquisition of Independent Wealth Planners (IWP).

IWP, which provides financial planning solutions in the UK, has two trading entities – IWP Financial Planning and IWP Investment Management – and oversees £6.6B (~$8.38B) of client assets. Completion is subject to regulatory approval.

Titan Wealth tapped Continuum Advisory Partners as its sole financial advisor for the transaction and White and Case as legal counsel. The British wealth manager also sought the assistance of Deloitte and Thistle Initiatives for the financial and regulatory due diligence, respectively. Meanwhile, IWP hired Jefferies as financial advisor for the deal, with Proskauer as legal counsel and PWC assisting in the financial due diligence process.