Schroders' Benchmark Capital takes stake in Oculus Wealth Management

The deal for the 51% shareholding was announced yesterday

clock • 1 min read

Benchmark Capital, the financial planning part of Schroders Group, has reached an agreement to take a 51% shareholding in Oculus Wealth Management.

Oculus, a Harrogate-based firm, is an advice network with an appointed representative model. It has £2bn worth of client capital managed by 26 firms and 35 advisers. The deal, which us subject to regulatory approval, will mean Benchmark has a "broader range of services which help advisers set up and run their own independent practices," according to the press release. Oculus helps establish new advice firms and offers business administration services and regulatory support. It focuses on on advisers who have previously worked at larger wealth managers and private banks, but want to...

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