Titan Wealth Holdings has acquired UK-based IFA Prism Financial Advice subject to regulatory approval.
The acquisition of the Gateshead-based firm will increase Titan Wealth's total assets under management/advice to more than £12.6bn.
Established in 2005, Prism has a team of 17 independent financial advisers, 25 support staff and more than £630m assets under advice. It offers financial planning, including pensions, investments, and protection services.
Following the acquisition, Prism will be fully incorporated into Titan and with Prism's office based in the north of England, Titan said this represents a "valuable opportunity" to expand its geographical footprint across the region.
Titan joint chief executive and head of M&A Andrew Fearon said: "Prism is an extremely well-run business, with a strong reputation in the industry. This acquisition will further bolster the Titan network, allowing us to enhance the advisory offering that form part of our client to custody solutions and services."
Prism managing director Stephen Price added: "Over the last year we have worked very closely with Titan's senior leadership to establish if the acquisition of Prism was the right move for all parties, and we have been very impressed with their likeminded approach, their openness, their vision, and their strong commitment to deliver market leading financial solutions to consumers.
"In all respects, we are now very clear that the acquisition will deliver immediate and long-term benefits on all those fronts and further establish the group as major force in UK financial services."
