Harrold Financial Planning Acquired by Shackleton

Deal News | Feb 11, 2025 | B Daily

Shackleton, a financial advisory and wealth management firm, has acquired Harrold Financial Planning, based in Norfolk. This move strengthens Shackleton's presence in the east of England and adds approximately £300 million of assets under management to the company. The acquisition is aligned with Shackleton's ambition to become a leading financial adviser in the UK. Paul Feeney, CEO of Shackleton, expressed delight in integrating Harrold's talented team into their fold. Harrold's directors, Neil Warne and Robyn Lovatt, are pleased to join Shackleton, noting the alignment in high standards and the opportunity for investment and growth while maintaining client care. This transaction is part of a series of acquisitions following Sovereign Capital Partners' £55 million investment in Skerritts, a founding entity of Shackleton, marking it the 16th deal since 2021.

Sectors

Financial Advisory
Wealth Management

Geography

United Kingdom – The acquisition involves UK-based companies Shackleton and Harrold Financial Planning, affecting the regional wealth management market.

Industry

Financial Advisory – Shackleton's acquisition of Harrold Financial Planning falls under the financial advisory industry as both entities provide wealth management and financial advice.
Wealth Management – The transaction directly impacts wealth management services, increasing Shackleton’s assets under management.

Financials

£300 million – Assets under management added to Shackleton through the acquisition.
£55 million – Investment by Sovereign Capital Partners into Skerritts in 2021, enabling Shackleton's expansion and acquisitions.

Participants

Name	Role	Type	Description
Shackleton	Acquirer	Company	A London-headquartered financial advisory and wealth management firm.
Harrold Financial Planning	Target Company	Company	A Norfolk-based chartered financial advisory firm.
Paul Feeney	CEO of Shackleton	Person	Chief executive of Shackleton involved in the acquisition announcement.
Neil Warne	Managing Director of Harrold Financial Planning	Person	Co-managing director at Harrold, expressed approval of acquisition.
Robyn Lovatt	Managing Director of Harrold Financial Planning	Person	Co-managing director at Harrold, expressed approval of acquisition.
Sovereign Capital Partners	Investor	Company	Investment firm that invested in Skerritts, co-founder of Shackleton, facilitating expansion through acquisitions.