Titan Wealth has reached an agreement to acquire Blacktower Group for an undisclosed sum, adding £2.2bn to the firm’s assets under management (AUM).

Titan Wealth Holdings announced it was set to acquire the Blacktower Group of Companies, an international financial advisory group, in a deal that it said would set a “new standard for international wealth management”.

Once the acquisition, which is subject to regulatory approval, has been completed, the business will be merged into Titan Wealth International.

Titan Wealth said the deal marked a “transformative moment” for the international advisory industry that would redefine the global landscape for cross-border wealth management.

The combined entity will offer a broad licensing footprint, discretionary and investment management services, and expanded client support infrastructure through Titan Wealth’s institutional capabilities and Blacktower Group’s international advisory experience.

“We are delighted to announce the acquisition of Blacktower Financial Management today,” stated Titan Wealth International chief executive officer, Dan Dickinson.

"This significantly increases our ability to support and advise our clients across multiple jurisdictions due to Blacktower’s regulatory coverage, and adds £2.2bn in AUM to the Titan Wealth International group.

“Furthermore, this agreement aligns with our vision to deliver seamless, regulated financial advice across key global markets and provides the scale, licensing and infrastructure to deliver that ambition.”

Blacktower Financial Management group chair, John Westwood, commented: “Titan Wealth’s acquisition of the Blacktower Group represents a defining moment for international wealth management.

“This announcement will create a global business with the reach, strength and technical capability to deliver the highest possible standards of cross-border financial advice. Together, we are setting a new benchmark for the industry.”

Blacktower Financial Management group managing director, Gavin Pluck, added: “This agreement reflects a shared vision; one focused on innovation, client outcomes and sustainable international growth.

“By aligning the strengths of both organisations, we are poised to transform the way cross-border financial advice is delivered, ensuring long-term value for clients and stakeholders alike.”

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