London-based Parallel Financial Joins Shackleton, Adding £360m AUM
- Simon Bourke
- 2 days ago
- 2 min read
2nd June 2026
Deal summary
Shackleton has acquired Parallel Financial, a Putney-based independent financial advice firm specialising in clients working in the creative industries. The firm manages approximately £360m in assets and has 12 members of staff, including four advisers.
About Shackleton
Shackleton Advisers is a London-headquartered financial planning and wealth management firm, launched in December 2024 following the rebranding of the Skerritts Group, and is led by chief executive Paul Feeney, the former chief executive of Quilter. The firm is majority-owned by US private equity firm Lee Equity Partners, which acquired its stake from Sovereign Capital Partners in November 2025. Since the rebrand, the firm has continued to grow through acquisition, including its recent agreement to acquire Hurst Point Group.
About Parallel Financial
Parallel Financial is a Putney-based independent advice firm founded by Malcolm Lyons, who serves as managing director. The firm specialises in financial planning for clients working across the creative, media, arts, film, television and technology sectors.
Why is Shackleton acquiring Parallel Financial?
The acquisition of Parallel Financial seemingly follows the same logic as Shackleton's acquisition of Arundel Wealth Management earlier this year, which specialised in sports advisory: both are founder-led advice businesses with clearly defined client niches. Parallel Financial's creative sector specialism is complementary to Shackleton's existing offering and strengthens its London footprint. Lyons confirmed that the decision followed an extensive search for a partner and that alignment with Shackleton's values was the deciding factor.
What happens next?
The FCA has already approved the acquisition. Malcolm Lyons and the full Parallel Financial team are joining Shackleton.
Shackleton's other recent acquisitions
Arundel Wealth Management - April 2026
Shackleton acquired Surrey-based Arundel Wealth Management, adding more than £200m in assets under advice and management. The deal also added specialist expertise in advising clients in the professional sports sector.
Hurst Point Group - April 2026
Shackleton entered into an agreement to acquire Hurst Point Group, including its financial planning and investment management businesses. The transaction is expected to create a combined business with £17.5bn in assets under advice and management, subject to regulatory approval.
Group Rapport Employee Benefits division - September 2025
Shackleton acquired the trade and assets of the employee benefits division of Stonewood Financial Planning, trading as Group Rapport. The transaction added three members of staff and more than 130 corporate clients to Shackleton’s employee benefits division.
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