Söderberg's Benchmark buy reinforces scale race but raises adviser support questions

The deal, announced in July, will see Söderberg acquire Benchmark from Schroders, ending months of speculation over the future of the adviser platform and network following Schroders' sale of its wealth management business to Nuveen. The transaction keeps Benchmark together as an integrated business and, according to Söderberg, advisers will continue to operate independently under the new ownership. Melo CEO Victoria Hicks said Söderberg had effectively bought itself an established route into the UK market. The Swedish firm made its entrance into the UK in 2023 when it acquired a m...