Titan Wealth Holdings has agreed terms to acquire the Blacktower group of companies.
Following completion and subject to regulatory approval, Blacktower will be merged into Titan Wealth International.
Titan said the deal, which adds £2.2bn in assets under management to the group, “marks a transformative moment for the international advisory sector”.
B;ackwater added that it “redefined” the global landscape for cross-border wealth management.
The enlarged group will offer enhanced discretionary and investment management services and expanded client support infrastructure.
Dan Dickinson, CEO of Titan Wealth International, said: “We are delighted to announce the acquisition of Blacktower Financial Management today.
“This significantly increases our ability to support and advise our clients across multiple jurisdictions due to Blacktower’s regulatory coverage.
Furthermore, 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.”
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.”
In January, Titan acquired Jersey-based Advisa Wealth to strengthen its international financial-planning capabilities and enhance its presence in the Channel Islands.
