Benchmark, part of the Schroders Group, has bought West Sussex-based Champain Financial Services, adding £111m in client assets.

Benchmark said the acquisition “supports it strategy to expand its advice business across the UK and support financial planning businesses at every stage of their journey”.

As an appointed representative of Benchmark’s advice network, Champain has been using Benchmark’s technology, including the integrated practice management, platform and client portal since 2011.

Benchmark said this existing partnership helped lay a solid foundation for a smooth transition and integration.

Full alignment to Benchmark Financial Planning will take place over the next 12 months.

Benchmark managing director of wealth, Ed Dymott, said: “There’s a lot of options in the market for firm principles to look for succession planning, so we’re pleased that Champain have chosen Benchmark as a stable and secure partner for their staff and their clients.

“Having already worked with Mike and his team for several years, there’s a strong alignment of values, and the transition will be smooth as our technology is already embedded in the business.”

Mike Champain, managing director of Champain Financial Services, said: “Our top priority was to ensure that our clients continue to receive the high level of personal care they have come to expect.

“In Benchmark, we knew we had a partner who not only understands this priority but also places it at the heart of their service.

“They’ve been around for over 30 years, and with 200 years of Schroders history behind them it gives me confidence that they’ll continue to look after our clients, and their families, for years to come.”

If you are looking to sell your business, find out more about the selling your business to Benchmark (or others) Gunner & Co. can help you. Book a meeting with our Head of Brokerage Gwill here