Financial adviser Shackleton has announced the launch of a new personal injury and court of protection division.

The move has been facilitated by the group’s acquisition from the Irwin Mitchell Group of IM Asset Management (IMAM), including TWP Wealth, the financial planning company acquired by IMAM in 2022. This transaction remains subject to regulatory approval by the FCA.

Shackleton, a London-based chartered financial adviser and wealth manager, said that the focus of the new division will be to help clients who have suffered life-changing injuries plan for their future by offering tailored financial planning and investment advice.

Together, IMAM and TWP have 20 advisers and provide financial planning and investment management to around 1,600 clients, accounting for funds under management and advice of approximately £1.4bn, the majority of which is managed by IMAM internally.

IMAM is based in Sheffield, with advisers also in Leeds, Newcastle, Manchester, Birmingham and London. TWP is a HNW Independent Financial planning firm based in Alderley Edge, Manchester, where it will continue to focus on its core market under the Shackleton brand.

Shackleton CEO, Paul Feeney, commented: “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.

“Importantly, the creation of this new division aligns with the core values that sit at the heart of our company – caring, respectful, fair, dependable and courageous.”

CEO of IMAM, Stewart 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. When talking to potential suitors about the next home for our team and business, it became very clear that Shackleton will be a great place where we can continue to flourish and grow our business.”

Group CEO of Irwin Mitchell, Craig Marshall, added: “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.”

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