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

Shackleton
London-based Shackleton, a UK financial advisor and business incorporating the rebranded Skerritts Group, launched its new business this week. It is consolidating a professional financial advice firm, uniting it with a single identity, approach and a single set of values.

Shackleton said it aims to be a provider of financial advice in the country. The launch of the Shackleton brand is a response to the erosion of trust in the advice sector caused by the past actions of some players, the firm said in a statement.

In September 2024, the business broadened its regional exposure to include the North of England and Scotland through the purchase of Ellis Bates. Shackleton has now purchased four more financial advice businesses which complement its co-founder firms: Save & Invest Group, Fleming Financial, Robson Lister and Shorts Financial Services. Since the Sovereign Capital Partners’ investment in March 2021, this brings the number of completed deals to 15. Seven of those deals have taken place in 2024 alone, bringing assets under advice and management to about £5.5 billion ($7 billion).

“We’ve launched Shackleton – Britain’s financial advisor with the vision of bringing together into one business what we firmly believe to be the best, most professional financial advice firms from across the country. The addition of these four exceptional firms demonstrates our commitment to delivering against this goal,” Shackleton CEO Paul Feeney said. “There are other regional and indeed multi-regional champion firms, right across the country, who are joining us in our great undertaking. We will shortly announce them too, subject to regulatory approval.”