Schroders nears sale of financial planning arm for over £200mn

Key Facts

In a move reflecting the shifting priorities of European asset managers, Schroders is close to selling its financial planning arm Benchmark Capital to Söderberg & Partners for more than £200 million, according to a Financial Times report. The deal, still in advanced stages, aims to divest a non-core business as part of Schroders' strategy to refocus on asset management and institutional investments.

The sale comes amid a wave of M&A in the European financial services sector, as firms like Söderberg & Partners seek to expand their footprint in the UK advisory market. No official comment has been issued by any party, but sources indicate negotiations are nearing completion. If finalized, Söderberg would gain a large base of individual clients and a significant block of assets under management.

Although the deal does not involve a listed stock directly tracked, investors may watch for any impact on Schroders' London-listed shares (LSE: SDR). The stock trades near its historical averages. Looking ahead, an official announcement could come in the coming weeks, with a joint statement possible if a final agreement is reached.