Benchmark Capital

Acquirer: Soderberg & Partners

Schroders has announced the sale of its financial planning division, Benchmark Capital, to Soderberg & Partners, a prominent Swedish wealth firm. This strategic divestment supports Schroders' accelerated shift towards wealth management and high net-worth client services.Summary of transaction details:Value: UndisclosedSector: Financial Services & Wealth ManagementAdvisor: Fenchurch Advisory Partners, Perella Weinberg Partners (Financial Advisors)Key Entities: Target: Benchmark Capital; Acquirer: Soderberg & Partners; Seller: SchrodersLocation: UK (Benchmark Capital operations), Sweden (Soderberg & Partners headquarters)Note: This acquisition marks Schroders' exit from the UK financial advice market, allowing it to concentrate on core asset and wealth management activities. For Soderberg & Partners, it represents a significant expansion in the UK wealth management sector, leveraging Benchmark Capital's established advice networks and investment platform to further its market presence.