The latest mergers, acquisitions and other corporate actions in the wealth management sector.

Shackleton, Harrold Financial Planning
UK financial advisor Shackleton, has just acquired Norfolk-based advice firm Harrold Financial Planning (HFP) as part of its nationwide expansion plan.

London-headquartered Shackleton is a chartered financial advisor and fully-independent wealth manager, which was launched in December 2024. Shackleton united a group of like-minded firms – brought together through acquisitions – under a single, integrated operating model.

In March 2021, Sovereign Capital Partners, a UK private equity buy and build specialist, completed an investment worth £55 million ($68 million) in Skerritts, one of the co-founders of Shackleton. The objective was to develop the business through a strategy of organic and acquisitive growth, which has seen the addition of 16 new offices across the UK, establishing the firm with a truly nationwide presence.

The purchase of HFP adds about £300 million ($371 million) of assets under management and brings the number of deals that the Shackleton Group has completed since the Sovereign investment up to sixteen.

“This acquisition expands our presence into the east of England and aligns perfectly with our goal of being Britain’s financial advisor," Paul Feeney, CEO of Shackleton, said.

Buyside assistance was provided by Crowe, TCC and Pinsent Masons.