Titan Wealth has announced the acquisition of workplace pension solution business Workplace Advice Group for an undisclosed amount.

The acquisition of the Stoke-on-Trent-based firm will bring Titan Wealth’s assets under management and advice to £36bn.

Titan Wealth said it had made the acquisition to strengthen its pensions offering, and that it represented a commitment to an integrated strategy across corporate services and private clients.

It saw the corporate benefits market as an opportunity for growth and scalability, with the acquisition seeking to complement Titan Wealth’s corporate benefits business run by Titan Wealth Planning and grow its corporate book of clients.

Workplace Advice Group was founded in 2013 and has £200m of assets under advice across nearly 1,500 schemes.

It provides a range of workplace pensions services, including pension scheme setup and reviews, regulatory and compliance support, and salary sacrifice solutions.

Titan Wealth’s businesses will provide Workplace Advice Group with investment solutions, a wider network of financial expertise, and financial planning opportunities to work with professional advisers, new employers and staff members.

Commenting on the announcement, Titan Wealth joint group CEO and head of M&A, Andrew Fearon, said: “The continued growth of our corporate pensions offering has been a long-term goal for the firm.

“The acquisition of Workplace Advice Group and its leading workplace pension solutions offering and strong track record aligns with our long-term growth ambitions.

“This acquisition not only strengthens our presence in the corporate pensions market but also enhances our ability to provide comprehensive, high-quality services to our clients.

“As we integrate Workplace Advice Group into our operations, we will be poised to deliver even greater value to our clients, by leveraging synergies and expanding our reach.”

Workplace Advice Group’s Tony Dolman added: “We are pleased to announce this deal with Titan Wealth. This next phase of growth will benefit our clients with improved business scale.

“The business will continue to support clients in navigating rules and regulations to reduce costs and streamline services that allow everyone to benefit from robust workplace pensions.”

---