Titan Wealth has completed a deal to acquire financial planning firm, Loveday & Partners, after receiving approval from the Financial Conduct Authority (FCA).

Loveday & Partners will become part of the Titan Wealth Group and take Titan Wealth’s total assets under management (AuM) to £17.3bn.

Following the move, Loveday & Partners’ directors will stay with the business and continue to advise on the £600m worth of assets for its more than 1,000 clients. These include families, pension funds, trusts and charities throughout Norfolk.

The move also allows Titan Wealth to further expand its geographical footprint, significantly increasing the group’s presence in the East of England.

Joint group CEO and head of M&A at Titan Wealth, Andrew Fearon, said: “Loveday & Partners joining the Titan Wealth Group is an exciting opportunity to expand our presence in the East of England and enhance the unique Titan Wealth vertically integrated offering.

“Titan Wealth’s ambitious growth plans are testament to the group’s continued hard work over the last 12 months. We look forward to working with the Loveday & Partners team.”

Mark Loveday of Loveday & Partners added: “It has been clear to me from our early conversations that our businesses share many of the same values and ideals. We are very much looking forward to working closely with our Titan Wealth colleagues over the coming months and years to enhance the service offering we are able to provide to our clients and to support our mutual growth ambitions.”

---