Shackleton, a Chartered financial adviser and wealth manager, has launched a new Personal Injury and Court of Protection Division, facilitated by the acquisition of IM Asset Management (‘IMAM’), including TWP Wealth (‘TWP’), a financial planning company acquired by IMAM in 2022.
The Acquisition of IMAM and TWP
- IMAM is based in Sheffield, with advisers also in Leeds, Newcastle, Manchester, Birmingham and London.
- TWP is a HNW Independent Financial planning firm based in Alderley Edge, Manchester.
- The IMAM/TWP team of 88 staff will join Shackleton after completion, led by CEO Stewart Sanderson.
The acquisition is subject to regulatory approval by the FCA.
The Focus of the New Division
The focus of the Personal Injury and Court of Protection Division will be to help clients who have suffered life-changing injuries plan for their future by offering tailored financial planning and investment advice.
- IMAM and TWP have 20 advisers and provide financial planning and investment management to c.1,600 clients, accounting for funds under management and advice of approximately £1.4bn.
- The majority of funds under management and advice is managed by IMAM internally.
Together, IMAM and TWP have a combined experience of 20 years in providing specialist advice to clients who have suffered life-changing injuries.
Integration with Shackleton
Shackleton is a Chartered financial adviser and wealth manager headquartered in London, with a unified and client-focused approach to wealth management under a single, integrated operating model.
The IMAM/TWP team will join Shackleton after completion, and CEO Stewart Sanderson will also join the Shackleton executive committee.
Quotes from Key Stakeholders
Paul Feeney, CEO of Shackleton, 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.”
Stewart Sanderson, CEO of IMAM, added: “We are pleased to be joining a company that has an overarching ambition to grow its team, product offering, geographical footprint and subsequently its client base. When talking to potential suitors about the next home for our team and business, it became very clear that Shackleton will be a great place where we can continue to flourish and grow our business.”
Craig Marshall, Group CEO of Irwin Mitchell, concluded: “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.
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