Schroders names former Aegon director as advice head

Schroders names former Aegon director as advice head

Schroders has named former Aegon director Ed Dymott as head of the wealth division of its Benchmark Capital arm. 

Dymott will take up the newly-created role of managing director of wealth at the advice business owned by Schroders, where he will be responsible for overseeing its financial planning and advice service.

He will also take on the leadership of its advice network, Best Practice IFA Group. 

Dymott was previously at Aegon as its managing director of transformation, innovation and growth before leaving the company in August last year. 

He said he was delighted to be joining Benchmark Capital at "this very exciting time".

Dymott added: "The business has seen significant growth over the last few years and is highly regarded in the market.

"Its strategic partnerships with some of the best financial planning firms, coupled with our innovative technology, means we are very well placed to support advisers’ ever evolving business needs."

Schroders took control of advice business Benchmark Capital when it increased its stake in the company in 2018, after previously paying £86m for a 65 per cent stake two years prior. 

The business now supports more than 1,000 financial advisers and its platform manages in excess of £17bn in assets. 

David White, managing director at Benchmark Capital, said: "Ed will be a great addition to the team and I’m really looking forward to working with him to manage and grow our advice business.

"We are already a leading partner for many leading financial planning businesses, but we have plans to significantly increase our footprint in the market."