Shackleton Expands with the acquisition of PK Wealth and PK Financial Planning

LONDON – 27 March 2025.  Shackleton – Britain’s financial adviser (‘Shackleton’), Shackleton is pleased to announce the acquisition of London-based financial advice firm PK Financial Planning and its discretionary fund management arm, PK Wealth, further strengthening its presence in the South East as part of its ongoing nationwide expansion.

Headquartered in London, Shackleton is a Chartered financial adviser and wealth manager. Since its launch in December 2024, Shackleton has brought together a group of like-minded firms through strategic acquisitions, creating a unified and client-focused approach to wealth management under a single, integrated operating model.

In March 2021, Sovereign Capital Partners, a UK private equity Buy & Build specialist, invested £55 million in Skerritts, one of Shackleton’s founding firms. This investment has driven significant growth, adding 20 new offices across the UK and establishing Shackleton as a truly nationwide financial advice group.

The acquisition of PK Financial Planning adds over £200 million in assets under management (AUM) and adds an Employee Benefits Consultancy to the Shackleton proposition through PK Employee Benefits. This deal marks the seventeenth transaction completed by Shackleton since Sovereign’s investment.

Leadership comments

Paul Feeney, CEO of Shackleton, commented:

“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 at a price people can afford.”

Patrick Kennedy, CEO of PK Group, added:

“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.”

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 at a price people can afford.

About the deal

• Buyside assistance was provided by Pinsents, Crowe & Thistle.

Media enquiries

Alice Sundell, alice.sundell@shackletonadvisers.co.uk