UK-based wealth manager Shackleton has purchased IM Asset Management (IMAM), from Irwin Mitchell.
The deal also includes TWP Wealth, a financial planning business that IMAM bought in 2022.
Go deeper with GlobalData
In the wake of this transaction, Shackleton is set to establish a new division focused on personal injury and court of protection services.
This division aims to assist clients who have experienced life-changing injuries by providing customised financial planning and investment advice.
The combined entity of IMAM and TWP has 20 advisers, serving approximately 1,600 clients and managing funds under advice totalling around £1.4bn ($1.8bn), with the majority of these funds managed internally by IMAM.
The firm is headquartered in Sheffield, with advisers also located in Leeds, Newcastle, Manchester, Birmingham, and London.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIrwin Mitchell Group CEO Craig Marshall said: “This deal aligns with our strategy to simplify our structure and allows us to invest further to grow our core offer as a full-service law firm.
“We are the leading complex personal injury firm, we have one of the largest national private client practices in the UK, and we provide comprehensive legal advice for mid-market corporate businesses.”
TWP operates as a high-net-worth independent financial planning firm based in Alderley Edge, Manchester, and will continue to serve its core market under the Shackleton brand.
The team of 88 staff from IMAM and TWP will now be part of Shackleton, with CEO Stewart Sanderson becoming a part of the Shackleton executive committee.
Shackleton CEO Paul Feeney said: “We are delighted to welcome the highly experienced IMAM and TWP teams to the Shackleton Group.
“Indeed, we are excited to be creating a new division which brings additional skill sets to our bench of financial planning and wealth management capabilities, and strengthens our presence in Yorkshire and the North West of England.”
In December 2024, Shackleton marked its launch in the UK, incorporating the rebranded Skerritts Group. Based in London, it operates as a financial advisory organisation with offices in key cities and towns.
