Titan Wealth has entered into an agreement to acquire Ravenscroft Investments, a wealth management services business operating in both Guernsey and Jersey.

The move, which remains subject to shareholder and regulatory approval, would take Titan Wealth’s total assets under management (AuM) to £27.2bn.

Ravenscroft provides a range of offerings to its clients, including discretionary investment management, fund management, advisory investment services, execution only trading, cash management, and dealing in, and storage of, physical precious metals.

Joint group CEO and head of M&A at Titan Wealth, Andrew Fearon, said: “The acquisition of Ravenscroft Investments in the Channel Islands is a significant milestone in our strategy to deliver Titan Wealth’s unique client to custody offering to clients and advisers in multiple international jurisdictions.

“Closely following our acquisition of Dubai-based planning firm AHR, we have now made significant progress in expanding our differentiated and integrated proposition for international clients and advisers.”

The corporate finance and property management businesses of the wider Ravenscroft group are not included in the transaction, which follows Titan’s acquisition of Ravenscroft’s UK investment management business last year.

Founder, Jon Ravenscroft, will remain with the corporate finance and property management businesses, which will retain the Ravenscroft name, and he will also be a significant shareholder in the Titan Wealth group.

Ravenscroft added: “With the Titan Wealth name and network, Mark Bousfield and Robin Newbould, together with the wider team, are the right people to take the business forward, allowing me to focus on the corporate finance and property management part of Ravenscroft. I will continue to be a significant shareholder in Titan Wealth and look forward to watching and celebrating their growth and international expansion.”

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