Schroders sells Benchmark to Söderberg & Partners

Schroders has agreed to sell its UK integrated financial advice business, Benchmark, to Söderberg & Partners, as it looks to reshape its wealth management businesses.

The firm said the deal would create a focused wealth management business centred on Cazenove Capital in the UK and Schroders Wealth Management internationally.

The transaction builds on Schroders’ and Söderberg & Partners’ existing relationship, with Schroders becoming a long-term asset management partner, providing whole-portfolio solutions, as part of the deal.

Perella Weinberg Partners and Slaughter and May acted as advisers to Schroders on the deal, while Fenchurch and White & Case acted as advisers to Söderberg & Partners.

Söderberg & Partners is a wealth management group founded in Sweden in 2004, with £108bn in assets under advice.

It entered the UK market in 2024, and the group has made several acquisitions in the country over the past 18 months.

Schroders CEO of wealth management, Oliver Gregson, said the sale marked an important milestone in delivering the firm’s wealth management strategy, set out in 2025.

“We are building a modern, global and truly client-led wealth management business - centred on Cazenove Capital in the UK and Schroders Wealth Management internationally - serving high-net-worth and ultra-high-net-worth clients, family offices, charities, endowments and foundations,” he continued.

“We will continue to invest significantly in our people, technology, client proposition and international capabilities, ensuring we deliver the exceptional advice, service and solutions our clients expect while creating a scalable platform for future growth.

“Benchmark is a good business, and we believe this transaction provides the right ownership, investment and strategic focus to support its people, clients and their success.

“At the same time, our long-term asset management partnership ensures we remain closely connected to the UK advice market, extending the reach of Schroders' investment capabilities and creating enduring value for advisers, clients and both organisations."

Söderberg & Partners CEO, Gustaf Rentzhog, added: “We are pleased to be able to announce the acquisition of Benchmark, a company in which we see significant potential.

“Achieving greater scale is important for the future to enable us to offer efficient solutions and world-class services to both advisers and clients - particularly when it comes to technology.

“This acquisition is an important piece of the puzzle, and one that we believe we can realise together with Benchmark.”

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