Benchmark buys £111m AUM Sussex IFA

Schroders’ Benchmark Capital arm has continued its speedy development by shopping for £111m AUM Hayward Heath-based Champain Monetary Providers for an undisclosed quantity.

Champain has been utilizing Benchmark’s expertise since 2011 as an AR of the agency.

Benchmark stated the present partnership helped lay a basis for a clean transition and integration, with full alignment to Benchmark Monetary Planning happening over the following 12 months.

Champain is a well-established IFA agency primarily based in Hayward’s Heath, West Sussex which, in accordance with the FCA Register, first acquired authorisation as an AR in 2004.

Benchmark stated Champain’s experience and shopper base complement its personal enterprise, augmenting a powerful geographical footprint within the South and South-East areas.

With the acquisition, Benchmark provides £111m in shopper property. The deal helps Benchmark’s acknowledged technique to increase its recommendation enterprise throughout the UK and assist Monetary Planning companies at each stage of their journey, from start-up to environment friendly operations, profitable development and succession planning.

Ed Dymott, managing director wealth, Benchmark, stated: “There’s a whole lot of choices out there for agency ideas to search for succession planning, so we’re happy that Champain has chosen Benchmark as a steady and safe accomplice for his or her workers and their shoppers. Having already labored with Mike and his crew for a number of years, there’s a powerful alignment of values, and the transition might be clean as our expertise is already embedded within the enterprise.” 

Mike Champain, managing director, Champain Monetary Providers, stated: “Our high precedence was to make sure that our shoppers proceed to obtain the excessive stage of non-public care they’ve come to anticipate. In Benchmark, we knew we had a accomplice who not solely understands this precedence but in addition locations it on the coronary heart of their service. They’ve been round for over 30 years, and with 200 years of Schroders historical past behind them, it offers me confidence that they’ll proceed to take care of our shoppers, and their households, for years to come back.”

Benchmark has acquired a number of Monetary Planning corporations in current occasions. In July it acquired 32-adviser, £755m AUM Swindon-based Distinctive Monetary Planning.

In March it purchased Chartered Monetary Planners Kennedy Impartial Monetary Recommendation (KFA) in Derry to increase its presence in Northern Eire.

In November 2022 Benchmark acquired a 49% stake in West Midlands-based Chartered Monetary Planning agency Chartered Impartial. It additionally accomplished the 100% acquisition of Milton Keynes-based IFA Advison underneath the agency’s buy-out programme in 2022.

Primarily based in Horsham, West Sussex, Benchmark has £17bn of property on its proprietary platform and £5bn in mannequin portfolio options on behalf of greater than 1,000 monetary advisers (as at 30.09.22). It employs 450 workers.


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