Schroders today announces that it has agreed to sell Benchmark, its UK integrated financial advice business, to Söderberg & Partners, accelerating the strategic reshaping of its Wealth Management businesses.
The transaction is another important milestone in Schroders’ strategy announced in March 2025 to simplify the Group and concentrate its investment on the areas where it can create the greatest long-term value for clients and shareholders.
It creates a focused Wealth Management business centred on Cazenove Capital in the UK and Schroders Wealth Management internationally, enabling continued investment in people, technology, and client capabilities.
Söderberg & Partners is one of the largest wealth managements groups operating across Europe with £108 billion in assets under advice. As part of the transaction, Schroders and Söderberg & Partners will build on their existing collaboration, with Schroders becoming a long-term asset management partner, providing whole-portfolio solutions.
For Benchmark, the transaction provides the ownership structure, investment, and strategic backing to support the business through its next phase of growth in the UK advice market, while offering continuity for advisers and clients.
Söderberg & Partners was founded in Sweden in 2004 and is today one of the largest providers of wealth management and corporate insurance services in the Nordic region and the Netherlands. The group has over 5,500 employees and locations throughout Sweden, Norway, Denmark, Finland, the Netherlands, Luxembourg, Spain, and the United Kingdom. It entered the UK market in 2024, where it has been investing in and building businesses.
“This transaction marks another important milestone in delivering the Wealth Management strategy we set out in 2025. It further sharpens our focus, enabling us to concentrate our investment, expertise and ambition behind the clients and markets where we have the strongest right to win and where we believe we can create the greatest long-term value.
“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. 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.”
Oliver Gregson, CEO of Wealth Management at Schroders
“This long-term investment management relationship with Söderberg & Partners enables Schroders to remain closely connected to a significant advice-led wealth platform, while bringing the strength of our active investment management capabilities to the wider Söderberg & Partners business.
“It also reinforces the direction of our UK asset management business: focused, partnership-led and committed to supporting clients and advisers through high-quality investment solutions. We look forward to working with Söderberg & Partners over the long term.”
Phil Middleton, Head of Client Group, UK, Middle East and Africa, at Schroders
“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.”
Gustaf Rentzhog, CEO of Söderberg & Partners
Perella Weinberg Partners and Slaughter and May acted as advisers to Schroders on the deal. Fenchurch and White & Case acted as advisers to Söderberg & Partners.
