Schroders AUM reaches £300bn mark after record year

The group said it was a "record year" as overall profits before tax jumped 16% to £517m, its multi-asset offering drew in £17bn of new client business and its wealth management arm saw profits soar 80%. Schroders also hiked its dividend by 34% to 78p a share. However, the group did warn 2015 is looking more volatile and this may impact investors' appetite. Michael Dobson, chief executive (pictured), said: "2014 was a record year for Schroders. Profit before tax and exceptional items was up 11% to £565.2m and assets under management were up 14% to £300bn. We generated net new busine...