Titan Wealth has announced it is to acquire Plymouth-based independent financial planning and advisory firm, Sound Financial, for an undisclosed sum.

The deal, which will see Sound Financial become part of the Titan Wealth Group, is set to add £600m assets under advice to Titan’s total assets under advice and management of £44bn.

Founded in 1997 by managing director, Adam Pollard, Sound Financial's service offering includes personal financial planning, investment management, retirement and pension planning. It also covers business financial strategies and wealth and personal protection.

With support from directors Paul Meatyard and Stephen Murphy, it currently manages a book of business of around 5,000 active clients.

Its team of eight financial advisers work alongside 16 administrators and paraplanners, with six back-office staff.

Joint group chief executive officer and head of M&A at Titan Wealth, Andrew Fearon, said: "We are excited to welcome the Sound Financial team to the Titan Wealth group. Sound Financial’s broad range of services and its financial advice team’s wealth of experience strengthens our capabilities in the southwest of England.

"We look forward to growing in Plymouth and the surrounding region, and to working with the Sound Financial team to offer enhanced solutions for all our clients."

Managing director at Sound Financial, Adam Pollard, concluded: "Becoming part of the Titan Wealth team opens up access to the business’s comprehensive range of in-house services, including discretionary asset management, investment solutions, and advanced technology platforms enhancing our existing client service proposition."

The acquisition is subject to approval from the Financial Conduct Authority.

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