Slaughter and May is advising Schroders on the sale of Benchmark

Slaughter and May is advising Schroders plc on the sale of Benchmark, its UK integrated financial advice business, to Söderberg & Partners, accelerating the strategic reshaping of Schroders’ Wealth Management businesses.

The transaction is another important milestone in Schroders' strategy to simplify its 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. 

Schroders and Söderberg & Partners will build on their existing collaboration, with Schroders becoming a long-term asset management partner to the combined business, providing whole-portfolio solutions.

James Cook, Corporate and M&A Partner said, “We are delighted to again be supporting our longstanding client, Schroders, on the next step in its strategy, following our advice over the last year on its combination with Nuveen and the re-establishment of full ownership of Cazenove Capital and disposal of its stake in Schroders Personal Wealth.”