Benchmark Capital has bought a 49% stake in research and fund ratings group Rayner Spencer Mills Research (RSMR), subject to regulatory approval.
The firms said the investment would provide "scale and financial ability" to RSMR to help it expand its core services to more financial advisers. RSMR will also gain access to Benchmark's technology and discretionary platform. Benchmark, which was invested in by Schroders in 2016, offers technology, growth capital and discretionary investment solutions. It also invested in a number of financial advice firms, such as Aspect 8. RSMR said it would remain fully independent after the deal while its team would remain unchanged. It added it intended to use the investment to cement its place ...
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