View more on these topics

Schroders increases stake in Benchmark Capital

Schroders is now the ultimate controlling party in advice business Benchmark Capital after increasing its stake in the firm in May.

According to Benchmark Capital accounts filed to Companies House, Schroders increased its equity stake in the business to 77 per cent on 25 May.

Schroders previously held a 65 per cent stake in the business, which owns advice firm Aspect 8, network Best Practice, network and financial planning firm Evolution Wealth, and platform Fusion Wealth.

Schroders first took a stake in Benchmark Capital in 2016.

The accounts say that at the end of the reporting period, which was 31 December 2017, Benchmark Capital chief executive Ian Cooke was the ultimate controlling party through his shareholding in the business through a company called Family Capital Limited.

The accounts cover a 17-month period, during which the company reported pre-tax profit of £8.4m. In the 12 months to July 2016, the previous reporting period, pre-tax profit was £4.8m.

In its half-year results in July, Schroders reported that Benchmark Capital contributed £700m to the £1.2bn net inflows.



FCA issues fraud warning over collapsed British Steel IFA

The FCA says fraudsters falsely claiming to be from the watchdog are contacting former clients of collapsed advice firm Active Wealth. According to a warning published yesterday fraudsters have been offering to assist the individuals to claim compensation for missold pensions and investments. Active Wealth went into liquidation in February and attracted attention for its […]


Can Gars break out of its slump?

Standard Life Aberdeen’s flagship fund and behemoth of the absolute return sector, Standard Life Investments Global Absolute Return Strategies fund, gained popularity with IFAs and DFMs when it launched in 2008. But the fund has fallen from its £26bn peak, and stands at around £17bn now. It missed its objective of return of cash plus […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm