Key facts
- Schroders is selling its financial planning business, Benchmark Capital.
- The buyer of Benchmark Capital is Swedish wealth firm Soderberg & Partners.
- The sale is part of Schroders' strategic shift towards wealth management.
- Schroders aims to focus more on high-net-worth clients.
- Schroders will become a long-term asset manager for Soderberg & Partners after the sale.
Schroders has announced the sale of its financial planning business, Benchmark Capital, to the Swedish wealth management firm Soderberg & Partners. This transaction is a key component of Schroders' broader strategic realignment, which prioritizes a concentrated approach on wealth management services and catering to high-net-worth individuals. As part of the agreement, Schroders will transition to a long-term asset management role for Soderberg & Partners, indicating an ongoing business relationship post-acquisition. The sale is expected to help Schroders streamline its operations and enhance its focus on core areas of growth within the financial services sector. Benchmark Capital's integration into Soderberg & Partners is anticipated to leverage synergies between the two entities, potentially expanding their market reach and service offerings in the financial planning landscape. This divestment signifies Schroders' commitment to optimizing its business portfolio by shedding non-core assets and reinforcing its position in specialized wealth management segments.