Benchmark Capital, part of the Schroders Group, has struck a deal to acquire the Huddersfield-based advice firm Robertson Baxter.
Robertson Baxter is a directly authorised firm of four advisers with £200m of client assets.
The acquisition continues Benchmark’s expansion of its adviser base, headcount and technology proposition over the past year.
Benchmark has supported Robertson Baxter for several years. The firm said this extended relationship will deepen the practice management and compliance support, as well as provide further opportunities to build on strong growth.
Ed Dymott, Benchmark CEO, said: “Over the past 17 years Greg Robertson and Stephen Baxter have built a successful practice and Benchmark has supported their growth by providing technology, platform and investment solutions.
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“We’re delighted that they recognise Benchmark’s strong proposition, client focus, and capital strength as being the right long-term home for their staff and clients.
“Robertson Baxter will, over the next two years, integrate fully into Benchmark, moving under Benchmark’s regulatory authorisation. 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.”
Greg Robertson, Robertson Baxter CEO, added: “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.”
