Schroders-backed Benchmark Capital to acquire a 51% stake in Oculus.

Schroders-backed Benchmark Capital, a venture capital firm, agreed to acquire a 51% stake in Oculus, a financial planning and wealth management services provider. Financial terms were not disclosed. “We are thrilled to welcome Oculus to Benchmark and provide the support to allow further growth and progression for an already highly successful business. Oculus have been incredibly successful in helping advisers who have previously worked at larger wealth managers and private banks set up their own practices, and we see this as a key growth area in the market. Their business-in-a-box model, bringing together Benchmark’s and Oculus services, is a compelling proposition, and we have seen great demand for this offering. We have known the team for several years and are excited by the potential for the future with our new partnership,” Ed Dymott, Benchmark Managing Director.