Titan Wealth has announced it has received FCA approval to acquire the Norwich-based independent financial planning firm Loveday & Partners.
Founded in 2010, Loveday & Partners advises on some £600m of assets for more than 1,000 clients, including families, pension funds, trusts and charities throughout Norfolk.
As part of its move to become part of the Titan Wealth Group, which brings Titan Wealth’s assets under management (AUM) to £17.3bn, Loveday & Partner’s directors and team of advisers and administrators will remain with the business.
“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,” said Andrew Fearon, joint group CEO and head of M&A at Titan Wealth.
“Titan Wealth’s ambitious growth plans are testament to the group’s continued hard work over the last 12 months,” he added. “We look forward to working with the L&P team.”
Mark Loveday, of Loveday & Partners, said: “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.”
