Titan Value Buys N.Y. Brokerage : Acquisition: The large Tustin brokerage and financial planning firm has acquired a White Plains investment banking company’s brokerage business.

Titan Value Equities Group Inc., a large brokerage and financial planning company in Tustin, said Monday that it has acquired the brokerage business of a White Plains, N.Y., investment banking firm for a price to be determined later.

Titan, formerly called Titan Capital Corp., said the acquisition of Jonathan Alan & Co.’s retail division gives it 1,400 agents and 360 offices in 42 states, primarily on the West Coast and in the Northeast.

“This is by far our most exciting acquisition to date,” Frank L. King, Titan’s president and chief executive, said in a prepared statement. “No other national firm has been able to balance its representation on both coasts.”

Before the acquisition, Titan’s offices in the East were limited mostly to Georgia and South Carolina.

As part of the deal, Jonathan Alan’s president, Mitch Feinglas, will join Titan’s board of directors. The New York company will continue to operate as an investment banking firm.

The purchase price will be determined by Jonathan Alan’s sales during the next three to four years, said Allan Denton, Titan’s chief operating officer.

Titan was founded in 1977 as a brokerage and built its business on providing its agents with an array of financial planning products. For its fiscal year, which ended April 30, Titan earned $250,000 on revenue of $23.2 million, Denton said.

Though a brokerage, Titan concentrates on financial planning through such products and services as annuities, limited partnerships and pension plan administration.

Jonathan Alan entered the retail brokerage business in 1983 and provided full-service financial planning. In 1988, the firm started its investment banking division and recently decided to focus solely on that line of business, Denton said.