Advisers have told PA they are not concerned about any immediate impact from Schroders’ sale to Nuveen on Benchmark firms, but a boss at another network has cautioned that the deal creates “uncertainty”.
The £9.9bn deal struck between Nuveen and Schroders was unveiled on 12 February. Following the announcement, executives from both firms expressed support for the growth opportunities offered by the combination. The Benchmark Capital business, part of Schroders, is headed up by CEO Ed Dymott and was founded in 2003. Schroders first acquired a 65% stake in the network in 2016 for £86m and later acquired the remaining minority stake in the company. More than 190 adviser firms and 1,600 to 1,700 plus individual financial advisers work with Benchmark. Now, the question lies as to wha...
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