Schroders Personal Wealth launches first range of funds

The funds - SPW Cautious Portfolio, SPW Discovery Portfolio, SPW Balanced Portfolio, SPW Progressive Portfolio, SPW Dynamic Portfolio and SPW Adventurous Portfolio - are the firm's first foray into offering clients access to portfolios, having set up its own authorised corporate director (ACD) last year. SPW said it would be responsible for setting the mandates and will retain overall oversight for the range, with Schroders Investment Management responsible for managing the investments. The funds will mainly invest in Schroders funds, alongside some third-party funds, SPW added. Sc...