Schroders Personal Wealth (SPW) is launching 11 regional hubs across the country to support its growth.
The regional hubs will act as semi-autonomous adviser businesses within the SPW network. Each hub is headed by a regional director who will be able to shape the future of their own business having responsibility for selecting & leading the hub team, delivery of local support and revenue generation.
The hubs will be located in Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Exeter, Guildford, Manchester, Leeds, London and Oxford. SPW will continue to have a head office in London and a centralised operations centre in Leeds, with both providing the central functions to support the 11 hubs.
SPW chief executive officer Peter Hetherington said: "This is another important milestone for Schroders Personal Wealth. This group of new leaders will be pivotal in driving the success of the business going forward, both at the regional and group level.
"During the current environment supporting our clients remains paramount to us. We remain fully operational and continue to be in regular contact with clients and are available to support them through this period of heightened concern.
"This new structure ensures we can continue to put our clients' needs first. It allows clients to get a more personal and local experience, developing strong relationships with advisers and support within the hubs."
Schroders Personal Wealth was unveiled in February 2019 and is a joint venture between Schroders and Lloyds. In June, more than 500 Lloyds and Schroders employees transferred over to the business, which was described as a "significant milestone" for the firm.
Transfers take an average of 8.8 calendar days
0.99% all-in active fee
Administrative fee waived
Affects funds in UK equity income and global equity income sectors
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