Shackleton Advisers acquires Hurst Point Group

Shackleton Advisers has agreed a deal for an undisclosed amount to acquire the Hurst Point Group.

The transaction represents Shackleton’s largest acquisition to date and will create one of the UK’s largest independent financial planning firms, with combined assets under advice of £17.5bn.

Shackleton confirmed the acquisition of Hurst Point includes both its financial planning and investment management businesses. The move will add 233 FCA authorised and regulated financial advisers and investment managers to the group and bring in over 44,000 clients nationwide.

Following completion of the transaction, which remains subject to regulatory approval, Andrew Fisher and Paul Feeney will continue to serve as non-executive chairman and CEO of the combined business, respectively.

Fisher commented that the acquisition of Hurst Point marks a “key milestone” for Shackleton.

“I firmly believe that this transaction represents an excellent outcome for all parties, most importantly for the existing clients of Hurst Point, who in time should benefit from alignment with Shackleton’s charging structure, and in particular our strong focus on driving down the cost of investing for our clients, while ensuring first-class advice and service,” he said.

“The significantly increased scale of the Shackleton Group resulting from this acquisition will enhance our ability to invest efficiently in technology, propositions, and regulatory and compliance capabilities, for the benefit of clients, employees and shareholders.”

Feeney added: “Since founding Shackleton, we have remained singularly focused on our goal of making fair and affordable financial advice, rooted in our distinctive British values, available to all across our nation. This acquisition strongly supports this goal, and is an unquestionably natural fit, given the clear alignment of cultures and values that exists between Shackleton and Hurst Point.”

Hurst Point’s existing majority shareholder, Carlyle, will become a minority investor in Shackleton alongside funds managed by Lee Equity Partners, which became Shackleton’s majority shareholder in November 2025.

The current CEO of Hurst Point, Andrew Westenberger, will also join the Shackleton executive committee upon completion.

Westenberger added: “Through the bringing together of Shackleton and Hurst Point, our clients should benefit from lower costs and an ever-improving level of service; something that neither company would be able to do for their clients separately.

“I’m also delighted that Carlyle, which has backed Hurst Point since our foundation, will continue to support the enlarged business as a minority shareholder alongside Shackleton’s majority investor Lee Equity. I believe this represents a strong endorsement of the combined group’s strategy going forwards.”

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