Shackleton announces significant reduction in fees effective 1st February 2025

LONDON – 30 January 2025.  Shackleton – Britain’s financial adviser (‘Shackleton’) is delighted to announce the reduction of platform fees for existing and new clients on the Shackleton Hub, as well as reducing the overall cost of our funds (OCF).

With effect from 1^st February 2025:

• The starting rate for investments between £0 and £500k will drop from 0.23% to 0.20%—a 13% reduction
• For investments between £500k and £1m, a new tier is introduced with an even lower rate, dropping from 0.23% to 0.15%—a 35% reduction.
• All other charges remain unchanged (see fee structure below).

In addition, the VT Esprit funds, which form part of Shackleton’s centralised investment proposition, have seen a reduction in OCFs of 0.02% – 0.07%. VT Esprit Tactical Growth, the largest fund in the range at £340m, has seen its OCF fall from 0.75% to 0.68%.

For a client with £1m invested in VT Esprit Tactical Growth on the Shackleton Hub, the fee reduction amounts to an annual saving of £1,250.
(£1m x 0.0023 + £1m x 0.0075 = £9800. £500k x 0.0020 + £500k x 0.0015 + £1m x 0.0068 = £8550. £9800 – £8550 = £1250 )

A client-centric focus

Shackleton’s objective is to improve their clients’ financial security and, by doing so, enable them to live their lives, safe in the knowledge that their financial affairs are in good order.

As a result of the efficiencies achieved through Shackleton’s significant growth in assets under management over the last two years, today the company is pleased to pass on the resulting cost savings directly back to their clients.

As the company continues to grow, the aim will be to make the Shackleton Hub and the investment proposition even more attractive and competitive for clients, including the possibility of further fee reductions and enhancements to their services over the years to come.

These developments align with two of the core values that sit at the heart of Shackleton – fairness and dependability.

Ability to service a client’s end-to-end needs

Shackleton’s Chartered status, the pinnacle of financial planning standards, demonstrates its commitment to delivering the highest-quality advice. The company believes that, as financial advisers, they are best placed to understand a client’s goals and financial aspirations, as well as their underlying investments.

The Shackleton Hub complements the advisory service by equipping Shackleton with the tools to manage clients’ end-to-end financial needs. Powered by SS&C—a financially robust, US-based technology leader with over $2 trillion in assets under administration and a 40-year track record of innovation— the Shackleton Hub benefits from SS&C’s extensive expertise and cutting-edge technology.

The Shackleton Hub provides investors with access to a whole-of-market range of funds, available across multiple wrappers, including GIAs, ISAs, pensions, and bonds, offering a tailored and flexible approach to meet diverse financial goals.

Shackleton CEO Paul Feeney comments:

“I am delighted that the efficiencies we have achieved through our growth over the last two years have enabled us to deliver this reduction in fees for both our existing and future clients.

“Our goal is to be the most trusted provider of financial advice in the country. I strongly believe that the changes announced today clearly demonstrate our commitment to delivering on this goal. It also highlights that we are true to the important core values that sit at the heart of Shackleton – respect, fairness, care, dependability and courage.”ENDS

About Shackleton – Britain’s financial adviser:

Headquartered in London and managing £5.5B of assets under advice and management, Shackleton operates as a single, nationwide financial advice company, with a physical presence in 17 major cities and towns across Britain, as of 31^st December 2024.

The company has been rapidly growing its scale, and reputation of being an industry consolidator, through a successful Buy & Build strategy, supported by Sovereign Capital Partners. Click here to read more about Sovereign Capital. Seven acquisitions were made during 2024.

Shackleton is bringing together into one business what it firmly believes to be the best, most professional financial advice firms from across the country, uniting them with a single identity, a single approach, and a single set of values.

Operating with a unified identity, values and culture, a unified way of operating, a single approach to investment, and a single, affordable and transparent charging structure, Shackleton aims to be recognised as the most trusted provider of financial advice in the country.

Shackleton is built on and inspired by universally admired and respected British values, values espoused by its namesake, Britain’s greatest explorer, Sir Ernest Shackleton. Five core values sit at the heart of Shackleton: Respect, Fairness, Care, Dependability and Courage.

Click here to find out more about Shackleton and its values.

The Shackleton Hub:

Circa £460M of funds are managed on behalf of 1,700 clients through around 2,500 accounts.

Information on fees:

Fee structure from 1^st February 2025

Fee structure up to 31^st January 2025