Schroders to sell Benchmark to Söderberg & Partners

Private Banker International··Read original
2▲1 ▼0Impact / 5
Summary · why it matters

Schroders has agreed to sell its UK integrated financial advice business Benchmark to European wealth management group Söderberg & Partners. The deal is part of Schroders' plan to simplify its wealth management operations, centering on Cazenove Capital in the UK and Schroders Wealth Management internationally. Söderberg & Partners, which has £108 billion in assets under advice, will also become a long-term asset management partner to Schroders. The transaction is expected to provide Benchmark with new ownership and strategic support for its next stage in the UK advice market.

Impact on assets 1

Financials▲ · 1 stocks
Schroders PLC
SDR
▲ PositiveCapitalrelevance

Schroders sells Benchmark to simplify wealth operations, focusing on Cazenove Capital and Schroders Wealth Management.

Off-coverage companies 2

Söderberg & PartnersPrivate▲ Positive
Capitalrelevance

Söderberg & Partners acquires Benchmark, expanding its UK advice market presence and becoming a long-term asset management partner to Schroders.

Cazenove CapitalPrivate± Mixed
relevance

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