Nucleus group’s Third Financial has extended its strategic alliance with Titan Wealth Group.
This initiative introduces an adviser as a platform (AaaP) solution to Titan Wealth’s Planning Division and is set to last for an initial five-year term.
This collaboration has led to the creation of The Titan Wealth Platform, a full-service wealth management offering.
Third Financial is providing the technological infrastructure for the platform, combining its Model B custody service with AaaP-focused technology, and will also manage the client assets’ custody for Titan’s Wealth Planning Adviser business.
Titan mergers and acquisitions (M&A) head and joint-CEO Andrew Fearon said: “We’ve had a long-standing relationship with Third Financial as the provider of software services to our business.
“A key driver in deepening the relationship was the capability of the wider Nucleus group to provide an innovative, AaaP solution to power our new platform. It was up and running in only a couple of months and we’ve already transferred almost a billion of client assets.”
The rollout of The Titan Wealth Platform is already underway at Titan Wealth Planning. It is anticipated that a significant amount of client assets will be transitioned to the new platform from existing services.
This strategic initiative is expected to streamline Titan’s operations and also opens up potential growth avenues for Nucleus.
Nucleus chief commercial officer Mike Regan said: “The fact that Titan Wealth Planning has put their trust in us as the driving force behind their new platform, demonstrates that we’re now considered the provider of choice for those larger firms looking to take more control of their Adviser platform proposition. Our combination of market leading technology, personalised service and financial strength continues to set us apart in the market.
“The scale of our operation means we’re uniquely placed to support the growth ambitions of these large wealth groups, and we’re thrilled to be working with Andrew and his team on this transformational partnership.”
Titan Wealth has set a target of managing around £100bn (approximately $133bn) in assets under administration over the coming three to five years.
In July 2024, Nucleus completed its acquisition of Third Financial, with approval from the Financial Conduct Authority (FCA).
