Skerritts Rebrands as Shackleton, Buys Four Advisors with £1.5B Total AUM

London-based Skerritts Group announced its rebranding to Shackleton and purchase of four advisory firms, bringing to seven its total acquisitions announced in 2024 and assets under advice and management to £5.5B.

Shackleton is backed by Sovereign Capital Partners, a private equity firm specializing in professional services rollups, including consulting and accountancy in addition to wealth management. The newly branded wealth manager has established a nationwide presence in the UK through organic growth and strategic acquisitions, completing 15 acquisitions since Sovereign’s investment in March 2021.

The latest four acquisitions are composed of Scotland’s Save & Invest Group, which manages £550M in client assets and operates out of offices in Glasgow, Edinburgh, and Perth; Fleming Financial, which was a part of Bishop Fleming LLP and manages £250M in client assets out of offices in Bristol and Plymouth in England; Robson Lister, which manages £350M in assets and is based in Sutton Coldfield in England; and Shorts Financial Services, which was part of Shorts Accountants and manages £350M in assets out of Chesterfield in England. All four firms will be fully rebranded under the Shackleton banner in early 2025.

Source: https://shackletonadvisers.co.uk/shackleton-brand-launch/