Wealth manager and Financial Planner Titan Wealth has acquired two East Anglian advice firms in a deal which boosts its assets under advice and management to £37bn.

Titan, which has recently been on the acquisition trail, announced today a deal to acquire Finance Shop Limited and FS Wealth Management Limited.

Finance Shop Limited (FSL) is based in Norwich and has £750m in assets under advice, with offices in Norwich, Lowestoft and Great Yarmouth. It was set up by Nick Buchan and Scott Oliver and provides Financial Planning solutions including retirement planning, investment planning, mortgage and protection advice.

Sister company Finance Shop Wealth Management (FSWML) offers discretionary portfolio management (DPM) focusing on creating tailored investment portfolios for clients via the Raymond James Platform, with clients mostly referred from FSL. The two businesses have common owners, with the investment strategy run by the investment committee headed up by Andy Parkes (CIO). Finance Shop Wealth Management has £340m under advice or management.

FS Wealth Management was set up in 1990 and has offices in Norwich. It has more than 4,000 clients across the UK. Titan Wealth says it plans to continue investing in the Norwich hub and surrounding areas. FS Wealth has a team of 14 advisers and has had success in recruiting younger advisers, including four women.

The deals are subject to regulatory approval. The cost of the acquisitions has not been disclosed.

In April Titan Wealth acquired Workplace Advice Group, a provider of workplace pensions which manages £200m for 1,459 schemes. Stoke-based Workplace adds to Titan’s corporate benefits business run by Titan Wealth Planning (previously Aspira Corporate Solutions). 

In January Titan Wealth acquired £525m AUM Jersey Financial Planner Advisa Wealth and also acquired national Financial Planning firm Independent Wealth Planners (IWP) in December, a deal which added approximately £6.6bn of client assets to Titan Wealth.

The deals are part of Titan Wealth's aim to boost its assets under management from £35bn to £100bn within the next five years.

Titan Wealth says the deal boosts its East Anglia presence and will enable Finance Shop to offer a greater range of services to clients. The deal follows the acquisition of local firm Loveday and Partners in 2024 and complements Titan Wealth’s Norwich-based offering.

Andrew Fearon, joint group CEO and head of M&A at Titan Wealth, said: “We are pleased to welcome Finance Shop and FS Wealth. The firms have built a strong presence in East Anglia, a region of great importance to us. The acquisition allows us to continue building our geographical footprint in the East of England and further enhances our vertically integrated client offering.”

Nick Buchan, director of Finance Shop, said: “We are delighted to be joining the Titan Wealth Group. The team’s support will enable us to offer better outcomes for our clients who are at the heart of our business. Titan Wealth’s scale will help to support our advisory and discretionary offerings.”