Home / Business and Economy / Shackleton Advisers Buys London Firm, Expands Creative Client Focus
Shackleton Advisers Buys London Firm, Expands Creative Client Focus
3 Jun
Summary
- Shackleton Advisers acquired Parallel Financial, boosting London presence.
- The deal adds £360m in assets and 12 employees to Shackleton's portfolio.
- Acquisition targets clients in creative, media, film, and tech fields.
Shackleton Advisers has significantly expanded its presence in London with the acquisition of Parallel Financial. This move is designed to bolster the firm's expertise in providing financial planning for professionals within the creative, media, art, film, TV, and technology industries.
The integration of Parallel Financial adds approximately £360 million in assets under advice or management to Shackleton's portfolio. Furthermore, it brings 12 new employees, including four experienced financial advisers, into the Shackleton team.
Shackleton CEO Paul Feeney expressed enthusiasm for the acquisition, highlighting the alignment of values with the Parallel team. Parallel founder Malcolm Lyons also conveyed strong positive sentiment regarding the synergy and shared vision between the two firms.
This acquisition is part of Shackleton's broader growth strategy, following a recent agreement to acquire Hurst Point Group. Cumulatively, these acquisitions position Shackleton to serve over 44,000 clients nationwide with a substantial team of advisers and a wide network of offices.
