Schroders sells Benchmark Capital to Söderberg & Partners for over £200m
Schroders has agreed to sell its UK financial planning business, Benchmark Capital, to Swedish wealth manager Söderberg & Partners for over £200 million. The sale aligns with Schroders’ strategy to focus on ultra-high-net-worth clients via Cazenove Capital and international wealth management. Benchmark manages £36.9 billion in assets. Söderberg, backed by KKR and TA Associates, manages £108 billion in assets and has been expanding in the UK. The deal requires FCA approval and is expected to close by year-end.
Cross-source coverage
Wire timeline
Schroders to sell Benchmark to Söderberg & Partners
Schroders has agreed to sell Benchmark, its UK integrated financial advice business, to Söderberg & Partners, a European wealth management group with £108bn in assets under advice. The transaction is part of Schroders' plan to simplify its group and focus on areas delivering the strongest long-term value, as announced in March 2025. Post-sale, Schroders' wealth management business will center on Cazenove Capital in the UK and Schroders Wealth Management internationally. The deal also broadens the existing relationship, with Schroders becoming a long-term asset management partner to Söderberg & Partners, providing whole-portfolio solutions. For Benchmark, the sale provides new ownership, investment, and strategic support for its next stage in the UK advice market. Perella Weinberg Partners and Slaughter and May advised Schroders, while Fenchurch and White & Case advised Söderberg & Partners. Söderberg & Partners, founded in Sweden in 2004, entered the UK market in 2024 and has over 5,500 employees across multiple European countries.
Yahoo FinanceSchroders to sell Benchmark to Söderberg & Partners
Schroders has agreed to sell Benchmark, its UK integrated financial advice business, to European wealth management group Söderberg & Partners. The sale is part of Schroders' strategy to simplify its wealth management operations, focusing on Cazenove Capital in the UK and Schroders Wealth Management internationally. Söderberg & Partners, which manages £108bn in assets under advice, entered the UK market in 2024 and has been expanding there. As part of the deal, Schroders will become a long-term asset management partner to Söderberg & Partners, providing whole-portfolio solutions. The transaction is expected to provide Benchmark with new ownership, investment, and strategic support for growth in the UK advice market. Perella Weinberg Partners and Slaughter and May advised Schroders, while Fenchurch and White & Case advised Söderberg & Partners. The deal was originally reported by Private Banker International.
Yahoo FinanceSchroders sells financial planning arm Benchmark Capital to accelerate high net-worth shift
Schroders has agreed to sell its UK advice business Benchmark Capital to Swedish wealth management firm Soderberg & Partners, as part of an accelerated pivot toward wealth management and high net-worth clients. The undisclosed deal will see Schroders exit direct ownership of financial planning and become a long-term asset manager for Soderberg. Benchmark operates three advice networks and an investment platform, while Soderberg manages £108bn in assets. The sale completes Schroders' exit from the UK advice market, following its departure from a joint venture with Lloyds and sale of its Schroders Personal Wealth stake. The asset manager will retain its wealth management presence through Cazenove Capital. The acquisition requires FCA approval and is expected to close by year-end. The move comes amid a broader wave of consolidation in European asset management, with deal values surging from $5.1bn in 2024 to $47.9bn in 2025.
City AMSchroders nears Benchmark Capital disposal – report
Schroders is close to selling its financial planning business Benchmark Capital to Söderberg & Partners for over £200m, according to the Financial Times. Benchmark manages £36.9bn in assets under management, serving financial advisers whose clients typically have hundreds of thousands of pounds to invest. The sale aligns with Schroders' strategy to refocus on ultra-high-net-worth clients through its Cazenove Capital and international wealth management operations. This comes after Schroders' board agreed to a £9.9bn sale to US asset manager Nuveen, approved by shareholders in April. Under CEO Richard Oldfield, Schroders has been divesting peripheral businesses and reducing costs. If completed, Schroders' wealth division would consist of Cazenove (£83.8bn AUM) and its international wealth business. Söderberg, backed by KKR and TA Associates, has over £100bn in assets under advice and has been acquiring financial advisers.
Yahoo FinanceSchroders nears Benchmark Capital disposal – report
Schroders is close to agreeing the sale of its financial planning business, Benchmark Capital, to Söderberg & Partners for over £200 million, according to the Financial Times. The UK asset manager aims to shift resources towards ultra-high-net-worth clients served through Cazenove Capital and its international wealth management operation. Benchmark manages £36.9 billion in assets for financial advisers whose clients typically have hundreds of thousands of pounds to invest. The potential transaction follows Schroders' board and founding family agreeing to a £9.9 billion sale to US asset manager Nuveen, which shareholders approved in April. Under CEO Richard Oldfield, Schroders has been retreating from non-core operations to reduce costs and focus on core asset management and affluent clients. If completed, Schroders' wealth management division would include Cazenove (£83.8bn AUM) and the international wealth business. Söderberg & Partners, backed by KKR and TA Associates, has recently acquired several financial advisers in the UK and Scandinavia.
Yahoo Finance