Shackleton buys London advisory firm Parallel Financial

Shackleton Advisers has acquired Parallel Financial, a fiscal proposal concern based successful Putney, London, adding to its footprint successful the capital.

The woody increases Shackleton’s capableness successful fiscal readying for clients moving successful the creative, media, art, film, TV and exertion fields.

Shackleton CEO Paul Feeney commented: “I’m perfectly delighted that we person been capable to pull laminitis Malcolm Lyons and the full talented squad astatine Parallel to Shackleton.

“Our state has agelong been recognised arsenic a planetary person successful the originative industries; arsenic Britain’s fiscal adviser, this acquisition positions america exceptionally good to service the circumstantial needs of clients successful fields specified arsenic the media and performing arts, which bring specified joyousness to truthful galore of us. It is an honour and a privilege to beryllium capable to bash so.”

Parallel has already received support from the Financial Conduct Authority.

Its summation brings astir £360m ($484.1m) successful assets nether proposal oregon absorption to Shackleton, on with 12 employees, including 4 advisers.

Parallel laminitis and managing manager Malcolm Lyons added: “Paul has impressed maine hugely close from our archetypal engagements, and I’m thrilled to person recovered successful Shackleton a steadfast that genuinely shares and understands the values that are truthful cardinal to everything we person built.”

In April, Shackleton Advisers agreed to get Hurst Point Group successful what it described arsenic the largest takeover successful its history.

Combined, the businesses would person much than 44,000 clients nationwide, with 233 FCA authorised and regulated fiscal advisers and concern managers, 38 offices and a workforce of much than 850.

"Shackleton buys London advisory steadfast Parallel Financial " was primitively created and published by Private Banker International, a GlobalData owned brand.

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