Benchmark Capital has acquired Advison, an advice firm based in Milton Keynes, through its practice buy-out programme. Advison will continue to service its existing clients after transitioning to the Benchmark brand.
Meanwhile, Benchmark has also purchased a 49% stake in Chartered Independent, a Telford-based financial planning company which was already part of Benchmark’s advice network. CI will remain independent, and use the investment to fuel its growth.
Ed Dymott, Benchmark’s managing director, commented:
“Advison, which is joining our own financial planning firm and remaining in the business, whilst the owner of Chartered Independent, who was already familiar with Benchmark’s solutions as part of our network, were both looking for support to continue to grow.
“Our approach is resonating strongly in the market with advisers wherever they are on their journey; starting up, looking for efficiencies, growing, or building a secure pathway to exit.”
The deals come as Benchmark reveals it has a “strong pipeline” of acquisitions expected to be completed in the near future.
Benchmark Capital has been wholly-owned by Schroders since 2021, and majority-owned since 2016, when Schroders purchased a 65% stake.
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Louise Jeffreys is managing director of Gunner & Co, an IFA broker with values based on strong relationships built on trust, credibility and value.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.
Louise Jeffreys is managing director of Gunner & Co, an IFA broker with values based on strong relationships built on trust, credibility and value.
Gunner & Co. specialise in IFA sales, IFA business sales, retiring IFAs and IFA client bank sales.