Shackleton adds £900m in AUM with Chetwood Group acquisition

The private equity-backed national advice firm said the deal brought its total AUM to just over £8bn. The Chetwood Group is made up of Chetwood Wealth Management, Chetwood Investment Management, Chetwood Private Wealth, Ermin Fosse Financial Management and Darnells Wealth Management. It has 45 members of staff. The deal comes after Shackleton's private equity backers changed from Sovereign Capital Partners to Lee Equity Partners. The transaction remains subject to regulatory approval. Sovereign first invested in Skerritts, one of Shackleton's founding firms, in March 2021. The C...