Prime Highlights
- Titan Wealth’s joint chief executive called Progeny International a highly complementary addition that significantly enhances the group’s global reach.
- Progeny Group’s chief executive said the sale marks a pivotal moment as the firm refocuses on its core UK market and capabilities.
Key Facts
- Progeny International operates across Belgium, Singapore, Hong Kong and Dubai, advising internationally mobile individuals and families.
- The deal adds approximately £900 million in assets under advice and 13 financial advisers to Titan Wealth.
Background
Titan Wealth has agreed to acquire Progeny International, a tax-led financial advice business with operations in Belgium, Singapore, Hong Kong and Dubai, in a deal that will add approximately £900 million of assets under advice to its international business.
The transaction, which remains subject to regulatory approval, will also bring 13 financial advisers into the Titan Wealth group.
Progeny International, formerly part of the Fry Group, supports internationally mobile individuals, entrepreneurs and multi-generational families with cross-border financial planning, wealth structuring, succession planning, tax and investment advice. The business combines local market expertise with a coordinated international approach to help clients manage financial, regulatory and tax considerations across multiple jurisdictions.
Titan Wealth joint group chief executive and head of mergers and acquisitions, Andrew Fearon, said international expansion forms a key part of the group’s long-term growth strategy. He described Progeny International as a highly complementary addition, noting its strong reputation for specialist cross-border advice and its presence across several of the world’s leading wealth hubs.
Progeny Group chief executive Tom Wood said the sale marks a pivotal moment as the firm sharpens its focus on its core UK market. As he explained, in the past year, the company went through an extensive process of strategic review to make itself simpler and more adaptable, capable of scaling easily and providing outstanding outcomes for its clients.
Wood added that Progeny International’s future was in capable hands with Titan Wealth, which he said was committed to delivering strong investment outcomes for clients.
Progeny Group said it would use the transaction to reinforce its commitment to financial resilience, operational excellence and technology-enabled service as it moves into its next phase of development.
