Titan Wealth, a provider of independent financial solutions, has agreed to acquire Ravenscroft Investments, a wealth management services business operating in Guernsey and Jersey.
Ravenscroft offers a broad range of services to its clients, including discretionary investment management, fund management, advisory investment services, execution-only trading, cash management, and the dealing and storage of physical precious metals.
With around 100 staff managing both private and institutional clients, Ravenscroft is one of the largest wealth managers in the Channel Islands. This acquisition will increase Titan Wealth’s total assets under management and administration (AUM/AUA) to £27.2bn.
As Titan Wealth continues to expand its international advice proposition through organic growth and further acquisitions, Ravenscroft Investments Limited, set to rebrand as Titan Wealth International next year, will provide key offshore operating capabilities.
Additionally, the acquisition aligns with Titan Wealth’s own institutional dealing and wealth platform services in the UK.
The transaction does not include the corporate finance and property management divisions of the wider Ravenscroft group. Titan Wealth had previously acquired Ravenscroft’s UK investment management business last year.
Founder Jon Ravenscroft will continue to oversee the corporate finance and property management businesses, which will retain the Ravenscroft name, and he will also hold a significant shareholding in the Titan Wealth group.
The acquisition remains subject to shareholder and regulatory approval by both the Guernsey Financial Services Commission and the Jersey Financial Services Commission.
Titan Wealth joint group CEO and M&A head Andrew Fearon said: “The acquisition of Ravenscroft Investments Limited in the Channel Islands is a significant milestone in our strategy to deliver Titan Wealth’s unique client to custody offering to clients and advisers in multiple international jurisdictions.
“Closely following our acquisition of Dubai-based planning firm AHR, we have now made significant progress in expanding our differentiated and integrated proposition for international clients and advisers.
“With investment management and investment funds in both Ireland and the Channel Islands; offshore platform and custody solutions in the Channel Islands and the ability to provide financial advice in both the UAE and Europe and other jurisdictions we can service our clients wherever they may choose to live.
Fearon added: “James Kaberry and I have worked closely with the Ravenscroft management team for a couple of years and have been impressed by the strength of the team and business, the values and client relationships that they have developed and continue to nurture. We look forward to seeing what we can achieve together now that they are part of the wider business.”
