Shackleton has launched a personal injury and court of protection division.
The firm said the move has been facilitated by the acquisition of IM Asset Management, including TWP Wealth, the financial planning company acquired by IMAM in 2022.
The focus of the new division will be to help clients who have suffered life-changing injuries plan for their future by offering tailored financial planning and investment advice.
IMAM and TWP have 20 advisers in total and provide financial planning and investment management to around 1,600 clients, with funds under management and advice of approximately £1.4bn.
See also: Evelyn Partners’ MPS exits L&G and Artemis corporate bond funds to buy Gilts
IMAM is based in Sheffield, with advisers also in Leeds, Newcastle, Manchester, Birmingham and London. TWP is a high-net-worth client financial planning firm based in Alderley Edge, Manchester. It will continue to focus on its core market under the Shackleton brand.
Paul Feeney, Shackleton chief executive, said: “We are delighted to welcome the highly experienced IMAM and TWP teams to the Shackleton Group.
“Indeed, we are excited to be creating a new division which brings additional skill sets to our bench of financial planning and wealth management capabilities, and strengthens our presence in Yorkshire and the North West of England.
“Importantly, the creation of this new division aligns with the core values that sit at the heart of our company – caring, respectful, fair, dependable and courageous.”
See also: Cuts to IHT relief on AIM shares set to make gifting more attractive
