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Deals Of The Day: The Latest In Wealth Management M&A – Alltrust, Phoenix Wealth, WisdomTree, Others
Editorial Staff
5 May 2026
Alltrust Services, Phoenix Wealth Following the acquisition, which brings a client base of over 70 family units to the group and adds £26 million ($35 million) of assets under advice (AUA), founder Derek Avenell will join MWA as an advisor with immediate effect. The transaction was completed with the support of Frontier Development Capital (FDC) and Coniston Capital, whose investment in MWA in 2023 provided the long-term growth capital required to support the group’s acquisition strategy. MWA Financial was founded in 2016 by chief executive Cam Banks, with the aim of building a UK financial advice business centred on planning and long-term client outcomes. Ed Rosengarten joined as executive chairman in 2021 to help execute the group’s growth strategy, bringing decades of experience from firms including Smith & Williamson (later to become part of Tilney in 2019, then rebranded as Evelyn Partners in 2022) and M&G, where he was chief executive of the firm’s equity business. Following the acquisition of Hawthorn, MWA Financial Advice now serves nearly 2,500 clients across multiple UK locations overseeing about £950 million of AUA, supported by 50+ staff. Shackleton was founded in December 2024.
said last Friday that it has wrapped up its previously announced acquisition of Atlantic House, a London-based active manager specialising in defined outcome and derivatives-driven investment strategies.
“The addition of Atlantic House advances our strategy of expanding in structurally growing areas of asset management, including active ETFs, outcome-oriented strategies and managed models,” Jonathan Steinberg, WisdomTree founder and CEO, said.
The acquisition helps WisdomTree’s ability to design, launch and scale active ETFs globally, and supports its planned launch of 15-20 defined outcome ETFs globally over the next 18 months.
The purchase price was £150 million (about $200 million), payable at closing, subject to customary adjustments.
Following the completion of the deal, WisdomTree manages about $163.19 billion in assets globally, as of 29 April, including assets from its 2025 acquisition of Ceres Partners. The latter moved marked WisdomTree’s entry into private markets.
MWA Financial
(MWA) has completed the acquisition of Wiltshire-based Hawthorn Financial Services as part of its aim to build a national advice and planning business.
Shackleton Advisers
has acquired Surrey-based financial advice firm Arundel Wealth Management, adding more than £200 million of assets under management and advice.
The terms of the deal were not disclosed. Buyside assistance was provided by Grant Thornton, Brodies, and Ocorian Consulting. The Financial Conduct Authority has approved the transaction.
“This acquisition enhances our footprint in the Southeast and aligns perfectly with our ambition to become the most trusted provider of financial advice in the country,” Paul Feeney, CEO of Shackleton, said.