Shackleton has acquired London-based advice firm PK Financial Planning and its discretionary fund management arm, PK Wealth.
The move adds to its presence in the South East as part of ongoing nationwide expansion.
The acquisition of PK Financial Planning brings in over £200m in assets under management and adds an employee benefits consultancy through PK Employee Benefits.
Since its launch in December 2024, Shackleton has made a series of acquisitions, with this being the seventeenth.
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Growth of the firm has been aided by a £55m investment in 2021 made by private equity firm Sovereign Capital Partners in Skerritts, one of Shackleton’s founding firms.
Paul Feeney, CEO of Shackleton (pictured), said: “We are delighted to welcome the exceptional team at PK Financial Planning to the Shackleton Group. This acquisition not only strengthens our presence in the South East but also enhances our ability to deliver market-leading financial planning and wealth management services.
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“As we continue to grow, our goal remains clear—to become Britain’s financial adviser, providing expert financial advice nationwide at a price people can afford.”
Patrick Kennedy, CEO of PK Group, added: “We carefully considered firms that would complement our approach and enable us to continue providing exceptional service to our clients, while also benefiting from the additional resources of a larger group.
“Shackleton shares our high standards and commitment to excellence. This partnership will allow us to invest in and grow our business while ensuring our valued clients remain well-supported in the years ahead.”
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