Schroders' profits dip as AUM rises

clock

Schroders has reported a fall in pre-tax profits for the year to September despite a pick-up in its intermediary business.

The asset manager’s interim management statement covering the nine months to 30 September 2012 shows profit before tax was £266m, down from £317.3m in 2011. Net inflows reached £5.3bn, a £200m increase on last year, while assets under management hit £202.8bn, up from £194.6bn on 30 June 2012. Total profit before tax for the three months to 30 September was £88.6m, down from £101.6m for the third quarter of 2011. Net revenue for the asset management division in the third quarter was £246m, compared to £256.8m in the third quarter of last year, which included £1.9m in performance fee...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read
Looking beyond the oil shock

Looking beyond the oil shock

'A few weeks ago, there was genuine reason for optimism'

Fahad Hassan
clock 27 July 2026 • 4 min read
What does a new PM and chancellor mean for investments?

What does a new PM and chancellor mean for investments?

'What is important is what happens over the long term'

Jasper Thornton Boelman
clock 23 July 2026 • 4 min read