More than 500 Lloyds and Schroders employees have transferred over to nascent financial planning business Schroders Personal Wealth, which is on track to launch to the wide market later this year.
Schroders Personal Wealth chief executive James Rainbow described the move as a "significant milestone" for the business and expressed his "delight" with the progress the firm was making. "Our priority is to ensure a smooth transition for our colleagues and current clients," Rainbow said. "With the support of our two shareholders, we have great momentum in this exciting project." He added: "More people than ever need help as they plan for their futures. Schroders Personal Wealth can play a role in helping address the need for financial planning with a clear and transparent service." ...
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
