“This is a transformative deal for Shackleton in Scotland, a country with which our namesake, Sir Ernest Shackleton, had important connections” – Paul Feeney
Shackleton Advisers is buying Scottish financial adviser Aberdein Considine Wealth, which trades as AC Wealth, in a “transformative” deal.
The deal – on undisclosed terms – will add some £800 million of assets under management and advice, making for a new firm-wide Scotland total in excess of £1.3 billion, Shackleton noted.
Following completion, Shackleton will operate north of the Border from offices in Aberdeen, Glasgow and Edinburgh, while maintaining local representation in Perth and Stirling. The firm said that following completion of the transaction, it will serve its clients in Scotland through two regions: Scotland East, with a principal office in Aberdeen, and Scotland West, with a main base in Glasgow.
Paul Feeney, chief executive of Shackleton, said: “The team at AC Wealth has impressed us from the outset, and I’m delighted that we have been able to agree the acquisition of such a highly regarded firm.
“This is a transformative deal for Shackleton in Scotland, a country with which our namesake, Sir Ernest Shackleton, had important connections. Scotland is a core market for us, and I believe [this] announcement represents an excellent outcome for all parties, most importantly existing clients of AC Wealth, who should in time benefit from our growing scale and strong track record of driving down the cost of investing, while retaining an absolute commitment to providing first-class advice and service.”
Jacqueline Law, managing partner of legal firm Aberdein Considine, said: “This deal is aligned with our strategic decision to invest further and grow our core offering as one of the UK’s leading full-service legal practices.
“Having overseen the transition of AC Wealth to an independent limited company in June 2025, I believe that becoming part of Shackleton represents a very natural next step for AC Wealth, whose clients and staff will benefit not only from Shackleton’s scale and focus on financial planning, but also from the reassurance of the firm’s strong ethos and values, and clear aim of delivering continuity for clients.
“Over the years, we have naturally developed strong business relationships with our former financial planning colleagues and, following completion of the deal, where appropriate, we look forward to working with Shackleton in the future.”
