Latest news with #IMAM
Yahoo
6 days ago
- Business
- Yahoo
Shackleton buys IM Asset Management from Irwin Mitchell
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. 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. Irwin 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. "Shackleton buys IM Asset Management from Irwin Mitchell" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-04-2025
- Business
- Yahoo
Shackleton creates Personal Injury and Court of Protection division
Shackleton, a UK-based chartered financial adviser and wealth manager, has created Personal Injury and Court of Protection division. The move follows Shackleton's acquisition of IM Asset Management (IMAM), including TWP Wealth, from the Irwin Mitchell Group. The deal is subject to approval by the Financial Conduct Authority (FCA). The new division will provide specialised financial planning and investment advice to individuals who have suffered significant injuries, the company said. 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.' The newly formed division will leverage the expertise of 20 advisers from IMAM and TWP, who collectively manage and advise funds totalling around £1.4bn ($1.9bn). The majority of these funds are managed internally by IMAM, which has a presence in several UK cities including Sheffield, Leeds, Newcastle, Manchester, Birmingham, and London. TWP, a high-net-worth (HNW) independent financial planning firm, is situated in Alderley Edge, Manchester, and will continue serving its primary market under the Shackleton brand post-acquisition. Upon completion of the acquisition, the IMAM/TWP team, consisting of 88 staff members, will integrate into Shackleton. IMAM/TWP CEO Stewart Sanderson will lead the new division and will become part of the Shackleton executive committee. Sanderson said: '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. 'The work we do for our clients who have suffered such challenging circumstances is truly purposeful and we are excited to be creating a new division at Shackleton to support more clients who need this specialist advice.' Shackleton, headquartered in London, manages approximately £7.2bn in assets under advice and management. The firm's team includes around 400 professionals, of which about 100 are advisers. Shackleton now has a national footprint spanning 23 cities, including the IMAM offices in Sheffield and Leeds and the TWP office in Alderley Edge. "Shackleton creates Personal Injury and Court of Protection division" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
