Titan Wealth today announces its intent to acquire Thomas Carroll Independent Financial Advisers Limited (Thomas Carroll IFA), a Caerphilly, South-Wales based Advisory firm, from Thomas Carroll Group plc, subject to regulatory approval.

Thomas Carroll IFA provides financial planning advised solutions from retirement planning and pensions, trust and estate planning, investment management and more. The business is owned by the Thomas Carroll Group, a leading UK insurance broker, which became an employee-owned business in 2023. Established in 1987, Thomas Carroll IFA has grown to manage over £160m of assets under advice serving 450 clients, driven by a commitment to personalised financial planning and strong client relationships. 

With a lean team, made up of three experienced financial advisers and five client service/account managers, the firm has more than 80 years’ of industry expertise.

The acquisition expands Titan’s existing presence in South Wales, with Thomas Carroll IFA staff joining Titan’s existing Welsh Hub, Nugenis (a trading style of Independent Wealth Partners (IWP)), which is due to complete imminently, based in Cardiff. This acquisition will enable Thomas Carroll IFA to offer a greater range of services to its clients.

Rhys Thomas, CEO of Thomas Carroll Group, said:

“Having recently transitioned to employee ownership, the board has decided to divest its wealth management division to Titan Wealth, a trusted partner of ours for many years. The deal allows Thomas Carroll Group plc to focus on its core areas of strength, insurance, risk management, health & safety and employee benefits. Titan Wealth has a great track record in acquiring and incorporating smaller Wealth Management firms and investing into these businesses. It has the wealth of expertise, technology, and infrastructure to allow the business to continue to flourish, benefitting both our wealth management team and its clients.”

The acquisition is subject to regulatory approval.