UK $10 Billion Wealth Management Group Shackleton to Buy UK $14 Billion Wealth Management Group Hurst Point to Create $25 Billion (£17.5 Billion) Combined Entity, Hurst Point Co-Founded in 2020 by Ian Gladman & Established in 2019 to Facilitate Investment by Private Equity Firm Carlyle Group into UK Wealth Management Sector
10th May 2026 | Hong Kong
UK wealth management group Shackleton ($10 billion AUM) has announced to buy UK wealth management group Hurst Point ($14 billion AUM). Hurst Point was co-founded in 2020 by Ian Gladman, and established in 2019 to facilitate investment by private equity firm Carlyle Group into the UK wealth management sector. Announcement (24/4/26): “Shackleton Advisers Limited (“Shackleton”) announced that it has entered into a definitive agreement to acquire the Hurst Point Group (“Hurst Point”). This transaction represents Shackleton’s largest acquisition to date and will create one of Britain’s largest independent financial planning firms, with combined assets under advice and management of £17.5 billion. The acquisition of Hurst Point includes both its financial planning and investment management businesses. Together, the businesses will have approximately £17.5 billion in assets under advice and management, over 44,000 clients nationwide, 233 FCA authorised and regulated financial advisers and investment managers, 38 offices in towns and cities across the country, and more than 850 employees. Following completion of the transaction, which remains subject to regulatory approval, Andrew Fisher and Paul Feeney will continue to serve as Non-Executive Chairman and Chief Executive Officer of the combined business, respectively. Andrew Westenberger, current Chief Executive Officer of Hurst Point, will join the Shackleton Executive Committee upon completion. Hurst Point’s existing majority shareholder, Carlyle, will become a minority investor in Shackleton alongside funds managed by Lee Equity Partners, LLC (“Lee Equity”), which became Shackleton’s majority shareholder in November 2025.”
“ UK $10 Billion Wealth Management Group Shackleton to Buy UK $14 Billion Wealth Management Group Hurst Point to Create $25 Billion (£17.5 Billion) Combined Entity, Hurst Point Co-Founded in 2020 by Ian Gladman & Establish in 2019 to Facilitate Investment by Private Equity Firm Carlyle Group into UK Wealth Management Sector “
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Paul Feeney, CEO of Shackleton: “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.”
Andrew Westenberger, CEO of Hurst Point: “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. Through the bringing together of Shackleton and Hurst Point, our clients should benefit from lower costs and an ever-improving level of service; something that neither company would be able to do for their clients separately. I’m also delighted that Carlyle, which has backed Hurst Point since our foundation, will continue to support the enlarged business as a minority shareholder alongside Shackleton’s majority investor Lee Equity. I believe this represents a strong endorsement of the combined group’s strategy going forwards.“
Hurst Point – Founded in 2020, Hurst Point was established to provide the full spectrum of wealth management services to the UK. Its foundation acquisition of Harwood Wealth Management (now Argentis) provided the financial advice platform, and in 2021 it acquired Hawksmoor Investment Management to complement Argentis through the full suite of investment solutions. It has completed more than 25 acquisitions of both advice and investment management firms. History – Hurst Point Group was established in 2019 to facilitate investment by The Carlyle Group into the UK wealth management sector. Hurst Point made its first investment in March 2020 with the acquisition of Harwood Wealth Management plc via a public scheme of arrangement.
Shackleton – Shackleton is bringing together some of the UK’s most respected and well-established financial advice firms under one forward-thinking group, built on shared values, a unified service approach, and a fair, transparent fee structure. With a strong nationwide presence, Shackleton is committed to providing high-quality, trusted financial advice across the country, at a price people can afford.
Lee Equity Partners – Lee Equity Partners, LLC is a middle-market private equity firm that partners with businesses in the financial and healthcare services sectors. Over nearly two decades the firm has utilised its thematic based investment strategy and deep sector knowledge to identify and partner with talented management teams to accelerate growth and build market leading businesses.
UK $10 Billion Wealth Management Group Shackleton to Buy UK $14 Billion Wealth Management Group Hurst Point to Create $25 Billion (£17.5 Billion) Combined Entity, Hurst Point Co-Founded in 2020 by Ian Gladman & Established in 2019 to Facilitate Investment by Private Equity Firm Carlyle Group into UK Wealth Management Sector
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