Benchmark Capital has reached an agreement to acquire Robertson Baxter for an undisclosed amount.

Robertson Baxter is a directly authorised firm of four advisers with £200m of client assets, based near Huddersfield.

Benchmark, a financial planning solutions provider which is part of the Schroders Group, said the deal continues its growth trajectory having increased its adviser base, boosted internal headcount and expanded its technology proposition in the past year.

Having supported Robertson Baxter with platform and investment solutions for several years, Benchmark said the extended relationship would deepen the practice management and compliance support.

CEO at Benchmark, Ed Dymott, 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. 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.

“The acquisition of Robertson Baxter represents a continuation of our strategy to support financial planning businesses at every stage of their journey from starting up, running efficiently, growing successfully and succession planning for business owners.”

Robertson Baxter CEO, Greg Robertson, 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.”

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