Schroders agress sale of Benchmark unit to Soderberg & Partners

Schroders

06/07/2026 10:19

    LONDON, July 6 (Reuters) - Schroders SDR.L said on Monday it had agreed to sell its Benchmark financial planning unit for mass affluent customers to Söderberg & Partners, part of the British company's strategy to focus its wealth business on richer clients.
The British firm has continued to shed non-core assets ahead of its planned £9.9 billion ($13.2 billion) sale to U.S. rival Nuveen.
Schroders will also become a long-term asset management partner to Sweden-based Soderberg as part of the deal. No sale price was disclosed.
Reuters reported in December that Schroders was exploring possible options for Benchmark, including a potential sale.
Soderberg operates across Europe and has 108 billion pounds ($144 billion) of assets under advice.
Schroders said it was still focused on wealth management, including through its Cazenove Capital unit in Britain and via operations overseas.
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 (Reporting by Iain Withers, Editing by Louise Heavens)
 ((iain.withers@tr.com))