Schroders reveals details of Benchmark Capital stake

The results revealed the group had attracted £1.1bn in net inflows over 2016, with continued demand from institutional clients offsetting outflows from intermediary and wealth management clients. Schroders blamed "macro uncertainty and volatile markets" for the drop in intermediary sales during the year, with total outflows from this channel standing at £2.9bn - mainly from equity products.  The results confirmed advice firm Benchmark Capital is now included as a separate division within Schroders Wealth Management, increasing assets under management and administration under managemen...