Shackleton Advisers has expanded its reach in the southwest UK with the acquisition of the Chetwood Group, marking its fourth purchase this year.
This move by the London-based financial advice group incorporates over £900m in assets under management. It increases the firm’s total assets to slightly more than £8m.
Furthermore, the acquisition brings an additional 45 staff members to Shackleton, raising the total workforce to approximately 450 across the UK.
The financial terms of the deal were not revealed.
The Chetwood Group comprises several entities, including Chetwood Wealth Management and Ermin Fosse Financial Management. This acquisition is part of Shackleton’s broader effort to enhance its presence nationwide through strategic acquisitions.
Chetwood Group executive chairman Mark Pendarves said: “Our journey has brought us to a stage where further growth and evolution require significant investment in technology and infrastructure. As a privately owned family business, we’ve made the thoughtful decision to join a like-minded organisation that shares our values and commitment to excellence.
“Becoming part of the Shackleton Group enables us to continue doing what we do best, while drawing on wider expertise and resources to deliver the highest standards of service to our valued clients.”
In a related development, Shackleton has entered into a definitive agreement for a majority investment from Lee Equity Partners. This investment, which is pending regulatory approval, will see Lee Equity replacing Sovereign Capital Partners as Shackleton’s primary private equity partner.
Sovereign initially invested in Skerritts, one of Shackleton’s founding firms, in March 2021.
Since Sovereign’s initial investment, Shackleton has executed 18 acquisitions to establish itself as a major financial advice group across the UK. The latest deal with the Chetwood Group marks the nineteenth transaction since then.
Financial and tax support for the latest deal was provided by BDO, regulatory advice by TCC, and legal services by Pinsent Masons.
Shackleton CEO Paul Feeney said: “At Shackleton, we bring together the most respected, professional financial advice practices and unite them under one approach and one set of values and I am really pleased that Chetwood Wealth Management and all group firms are joining us to strengthen our presence in the South West.”
In March 2025, Shackleton reinforced its presence in southeast UK with the acquisition of PK Financial Planning and its fund management arm, PK Wealth.
