Titan Wealth has struck a deal to acquire the £2.2bn AUM Blacktower group of companies, a significant player in the international advice market.

The deal, subject to regulatory approval, will mean Blacktower being merged into Titan Wealth International.

The cost of the deal has not been disclosed.

Titan Wealth says the merged business will create, “a combined entity of significant global scale and capability.”

Titan says the bigger combined group will be able to provide enhanced discretionary and investment management services.

It will also offer expanded client support and bring together Titan’s institutional expertise with Blacktower’s four decades of international advisory experience.

Dan Dickinson, CEO of Titan Wealth International, said: “We are delighted to announce the acquisition of Blacktower Financial Management today. This significantly increases our ability to support and advise our clients across multiple jurisdictions due to Blacktower’s regulatory coverage, and adds £2.2bn (c. $3bn) in Assets under Management 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.”

John Westwood, group chairman of Blacktower Financial Management, said: “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.”

Titan Wealth was formed in 2020 and provides wealth management including Financial Planning, investment management, platform and custody. Based in London, Titan Wealth serves UK clients as well as overseas through its operations in the Channel Islands and the UAE.

Titan Wealth has about £37bn of assets under management or advice.