Shackleton has announced the acquisition of Norfolk-based advice firm, Harrold Financial Planning (HFP), for an undisclosed amount.

The move expands Shackleton’s presence to the East of England as the group looks to accelerate its nationwide presence.

Headquartered in London, Shackleton is a chartered financial adviser and wealth manager. In March 2021, Sovereign Capital Partners, a UK private equity group, completed a significant investment worth £55m in Skerritts, one of the co-founders of the Shackleton group.

The purchase of HFP has added an estimated £300m of assets under management and takes the number of deals that the Shackleton Group has completed since the Sovereign investment to 16.

Shackleton CEO, Paul Feeney, said: “I am delighted to welcome the talented team at HFP to the Shackleton Group. This acquisition expands our presence into the East of England and aligns perfectly with our goal of being Britain’s financial adviser.”

Managing directors of HFP, Neil Warne and Robyn Lovatt, added: “We spent significant time evaluating companies that would complement our ethos and ensure we are able to continue offering a comprehensive range of services to our clients. Joining Shackleton allows us to provide the added resources and benefits that come with being part of a larger group.”

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