Schroders and Lloyds are set to bring a new financial planning business to the market named Schroders Personal Wealth as part of their wealth management joint venture.
Schroders Personal Wealth is expected to launch in the second half of the year subject to regulatory approval. The new business will offer its services to existing Lloyds Private Banking and Bank of Scotland Private Banking eligible customers from June 2019 and will open to the wider UK market in Q4. It will offer financial planning services to wealth UK customers, with its service underpinned by Benchmark Capital's technology to facilitate ease of use. The new venture will be an independent company backed by Schroders and Lloyds Banking Group. Schroders and Lloyds unveil wealth...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
