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January 19, 2022

Benchmark Capital acquires Redbourne Wealth Management

Benchmark Capital, financial planning solutions provider and a part of the Schroders Group, has acquired the remaining stake in buying advice firm Redbourne Wealth Management.

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GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
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The acquired entity will form part of Benchmark’s national advice business and will add £310m to the current £1.8bn in client assets. 

Schroders spokesperson confirmed to International Adviser that it had acquired a 67% stake in 2018 and now it has acquired 33% stake.

 After the transaction, the count of financial planners will also grow to 56 across eight offices in the UK.

Redbourne has offices in Stratford upon Avon, Shrewsbury, and Bromsgrove and offers Benchmark a presence in the West Midlands.

Redbourne Wealth Management managing director Gordon Hay said: “We have had a long-standing relationship with Benchmark, who have supported the growth of our business over the last few years, and this is the next phase in securing a strong and aligned future for our clients and our staff.

“Whilst there are many options for firms considering an exit, we believe the values and vision of Benchmark are best aligned with ours, and this allows us to continue to deliver great client outcomes without compromise.”

Benchmark is focussed on aiding financial planning firms at every phase, right from starting up, operating it efficiently, bolstering growth, and succession planning, reported FT Adviser

Benchmark Capital managing director Ed Dymott said: “Benchmark Capital has worked successfully with Redbourne for many years, there is a strong cultural fit between the two firms with a shared focus on delivering the best possible client outcomes – we are delighted to formally welcome them as part of Benchmark Capital.

“This acquisition provides continuity for Redbourne’s clients and staff, all of whom will remain in the business. It is a clear demonstration of how we help financial planning firms across their different needs.”

Besides being the 26th IFA firm acquisition for Benchmark, this deal marks the first in a spate of acquisitions expected to close in 2022.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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