Schroders has agreed to promote Benchmark, its UK built-in monetary recommendation enterprise, to Söderberg & Companions.
The transaction marks one other step within the asset supervisor’s plan to reshape its wealth administration operations.
In March 2025, Schroders mentioned it could simplify the group and focus funding on areas the place it believes it could actually ship the strongest long-term worth for shoppers and shareholders.
As a part of that shift, the corporate mentioned its wealth administration enterprise will likely be centred on Cazenove Capital within the UK and on Schroders Wealth Administration in worldwide markets.
Söderberg & Companions is a European wealth administration group with £108bn in belongings beneath recommendation.
The deal may even broaden the prevailing relationship between the 2 firms. Schroders will develop into a long-term asset administration companion to Söderberg & Companions, offering whole-portfolio options.
For Benchmark, the sale is anticipated to supply a brand new possession construction, funding and strategic help for its subsequent stage within the UK recommendation market.
Schroders CEO of wealth administration Oliver Gregson mentioned: “This transaction marks one other necessary milestone in delivering the Wealth Administration technique we set out in 2025.
“Benchmark is an efficient enterprise, and we consider this transaction gives the correct possession, funding and strategic focus to help its individuals, shoppers and their success.”
Perella Weinberg Companions and Slaughter and Might suggested Schroders on the transaction. Fenchurch and White & Case suggested Söderberg & Companions.
Söderberg & Companions CEO Gustaf Rentzhog mentioned:“We’re happy to have the ability to announce the acquisition of Benchmark, an organization by which we see important potential.”
“This acquisition is a vital piece of the puzzle, and one which we consider we are able to realise along with Benchmark.”
Söderberg & Companions was based in Sweden in 2004. It’s now one of many bigger suppliers of wealth administration and company insurance coverage providers within the Nordic area and the Netherlands.
The group has greater than 5,500 staff and places of work in Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg, Spain and the UK. It entered the UK market in 2024 and has since been investing in and creating companies there.
“Schroders to promote Benchmark to Söderberg & Companions” was initially created and printed by Non-public Banker Worldwide, a GlobalData owned model.