The deal signals a significant pivot for the venerable UK-listed group as it prepares for its own transition. Under the terms, Schroders will pivot to a long-term asset management partnership with the combined entity, providing whole-portfolio solutions to the Swedish firm, which currently oversees £108 billion in assets under advice. For Benchmark, the change in ownership provides the capital and institutional backing necessary to navigate the next phase of growth in the competitive UK advice market.
Schroders Divests Benchmark to Söderberg & Partners
Schroders is offloading its UK financial advice arm, Benchmark, to Sweden’s Söderberg & Partners. The move aligns with a broader strategy to streamline operations and concentrate resources on wealth management, specifically its Cazenove Capital unit and international wealth divisions, even as Schroders itself faces a pending acquisition by Nuveen.
Oliver Gregson, CEO of wealth management at Schroders, stated that the transaction serves as a critical milestone in the strategy established in March 2025. By shedding the Benchmark business, the firm aims to sharpen its focus on high-net-worth and ultra-high-net-worth clients, family offices, and charitable endowments. This restructuring occurs against the backdrop of a larger industry consolidation, highlighted by Nuveen’s pending acquisition of Schroders, a deal slated to close in the fourth quarter of 2026 pending regulatory approvals.
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