Schroders-owned Benchmark Capital has purchased Huddersfield-based Robertson Baxter, adding £200m in assets under management.

Robertson Baxter is a directly authorised firm with four advisers and £200m of client assets under advice. Over the next two years Robertson Baxter will integrate fully into Benchmark, including moving under Benchmark’s regulatory authorisation.

Greg Robertson, CEO of Robertson Baxter, said: “Having worked with Benchmark for several years we knew they were the right partner to support our business growth and secure a long-term home for our staff and our clients, as well as a smooth exit strategy for me and Stephen.

“We’ve already benefitted from Benchmark’s on-going investment into developing their proprietary technology and we’re pleased to be joining their network too; to leverage their broader practice management support to help us service more clients, more efficiently than ever before.”

Ed Dymott, CEO of Benchmark, said the firm was seeing a lot of interest from firms looking to meet an increasing regulatory burden.

He said: “We continue to see very strong interest in directly authorised firms looking to networks to help streamline their business and better navigate the regulatory landscape. Our Schroders UK Financial Adviser Survey shows that regulation continues to be a primary concern with the number of advisers ranking it their number one concern rising from 49% in 2023 to 57% in 2024. With close to 200 firms already in our networks we expect to see this shift continue.”

He added that Benchmark’s acquisition of Robertson Baxter demonstrates its strategy to support Financial Planning businesses at “every stage of their journey”, including succession planning.

 

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