Titan Wealth has announced plans to acquire Plymouth-based financial planning and advisory firm Sound Financial Management Limited.

The acquisition, which will add £600m of assets under advice (AUA) to Titan Wealth’s AUA and management, is subject to regulatory approval from the Financial Conduct Authority (FCA).

Upon completion of the transaction, Sound Financial will become part of the Titan Wealth Group.

Sound Financial was founded in 1997 by managing director, Adam Pollard, and offers services including personal financial planning, investment management, retirement and pension planning, business financial strategies, and wealth and personal protection.

The firm has long-term client relationships in the south west and Titan Wealth said the acquisition would add regional scale to the group, enhancing its proposition through an expanded client base and additional adviser experience.

Sound Financial has around 5,000 active advice clients. The firm is led by Pollard with support from directors, Paul Meatyard and Stephen Murphy, and has a further eight financial advisers supported by 16 administrators and paraplanners, and six back-office staff.

“We are excited to welcome the Sound Financial team to the Titan Wealth Group,” said Titan Wealth joint group CEO and head of M&A, Andrew Fearon.

“Sound Financial’s broad range of services and its financial advice team’s wealth of experience strengthens our capabilities in the south west 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.”

Sound Financial managing director, Adam Pollard, added: “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.

“All of this is directed at delivering better outcomes for our clients, who remain at the heart of everything we do.”

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