The purchase covers Hurst Point’s financial planning arm as well as its investment management operations. Credit: M Isolation photo/ Shutterstock.com.

Shackleton Advisers has reached an agreement to buy Hurst Point Group, in the biggest takeover in its history.

Financial terms of the deal remain undisclosed.

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The deal would bring together two businesses with a combined £17.5bn ($23.6bn) in assets under advice and management in the UK.

The purchase covers Hurst Point’s financial planning arm as well as its investment management operations.

Together, the businesses would serve more than 44,000 clients across the country, with 233 FCA authorised and regulated financial advisers and investment managers, 38 offices, and more than 850 employees.

The transaction is subject to regulatory clearance.

Once completed, Andrew Fisher will remain non-executive chairman and Paul Feeney will continue as CEO of the enlarged group.

Andrew Westenberger, currently CEO of Hurst Point, is set to become part of Shackleton’s executive committee.

Carlyle, currently the majority shareholder in Hurst Point, will hold a minority stake in Shackleton after the deal, alongside funds managed by Lee Equity Partners, which became Shackleton’s majority shareholder in November 2025.

Shackleton CEO Paul Feeney said: “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. The transaction also significantly expands our office network across the UK, enabling us to help even more people to achieve financial freedom.

Hurst Point CEO Andrew Westenberger noted: “I have thoroughly enjoyed getting to know how Shackleton operates over the last six months and I am very confident that our staff and clients will be in excellent hands as part of the enlarged Shackleton Group, and in the meantime I look forward to working with Paul Feeney and Andrew Fisher to make the combination a great success.”

Earlier, in July 2025, Shackleton Advisers bought the Chetwood Group, adding to its presence in the Southwest as part of its UK growth plan.