Wealth management and financial planning firm Titan Wealth has acquired Bath-based independent financial advice (IFA) company Morgans Limited for an undisclosed sum.

The acquisition will see around 3,000 clients, five advisers, and eight members of support staff transfer to Titan Wealth Planning’s business in southwest England.

Morgans was founded in 1992 after a management buyout from Morgan Insurance Brokers and has approximately £650m in assets under administration (AUA).

It is a Financial Conduct Authority-regulated IFA firm that specialises in providing wealth management and financial planning services to private clients, trusts, and corporate entities.

Titan said the acquisition brought Morgans’ expertise to the firm, while Morgans’ clients will be able to access a wider range of services, including Titan’s investment management capabilities and tech-driven solutions.

It added that the deal would strengthen Titan’s offering in the southwest of England, building on its existing regional footprint in Bristol.

The firm said that Morgans’ focus on personalised service and strong local presence aligned with its strategy to continue growing local wealth planning services across the UK.

Titan Wealth co-CEO and head of M&A, Andrew Fearon, commented: “Titan Wealth Services is committed to offering its broad wealth management offering to clients across the country – this acquisition is a part of that strategy.

“We’re very much looking forward to welcoming the Morgans team.”

Titan Wealth has made several acquisitions this year, including Thomas Carroll IFA, Blacktower Group, Finance Shop and FS Wealth Management.

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