Shackleton acquires PK Group

Shackleton, the UK Independent Financial Advisory (IFA) and wealth management business backed by Sovereign Capital Partners, has acquired London-based PK Group.

Consisting of PK Financial Planning and its discretionary fund management arm, PK Wealth, the Group manages approximately £200 million in assets, bringing Shackleton's total assets under management to more than £6 billion. This acquisition strengthens Shackleton’s regional presence in the South East, while adding a fast-growing employee benefits division that they plan to scale nationwide.

Headquartered in London, Shackleton is a nationwide financial advisory business with 21 offices in major cities and towns across the UK. The company aims to become one of the country’s most trusted providers of financial advice, operating with a single approach to investment management and an affordable, transparent charging structure.

Shackleton, formerly known as Skerritts, has now completed a total of 20 acquisitions since Sovereign invested in 2021. This latest acquisition follows the addition of Harrold Financial Planning earlier this year, and four additions at end of last year: Scotland-based Save & Invest Group, Fleming Financial in the South West, and two Midlands-based firms, Robson Lister and Shorts Wealth Management.

Alex Hay, Partner, Sovereign Capital Partners, said: "Our investment in Shackleton continues to demonstrate the power of our Buy & Build strategy. The acquisition of PK Group not only solidifies Shackleton's geographical footprint but also brings a compelling employee benefits division with significant nationwide growth potential. This strategic addition aligns perfectly with our vision of building a market-leading financial services platform."

Paul Feeney, CEO, Shackleton, 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. As we continue to grow, our goal remains clear—to become Britain’s financial adviser, providing expert financial advice, nationwide."

Patrick Kennedy, CEO, PK Group, said: "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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About Shackleton

Shackleton is bringing together some of the UK’s most respected and well-established financial advice firms under one forward-thinking group, built on shared values, a unified service approach, and a fair, transparent fee structure. With a strong nationwide presence, Shackleton is committed to providing high-quality, trusted financial advice across the country.