Schroders has recorded assets under management (AUM) of £116.3bn in its wealth management segment in H1 2023, this comprised £75.2 billion of advised AUM.
The AUM in its wealth management arm, including Schroders Personal Wealth (SPW), increased 4% over the first half of 2023 from £111.4bn to £116.3bn. This comprised £75.2bn of advised AUM, £17.9bn of platform AUM and £23.2bn of managed AUM. Total net new business (NNB) was £3.7bn, down from £3.8bn in H1 2022. This made up of £2.4bn of advised, £400m of platform and £900m of managed NNB. Meanwhile, net operating income increased by 7% to £215.9m from £202.5m in H1 2022. Schroders said this was driven by continued strong NNB growth and higher net banking interest. Operating profit ...
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