Schroders Personal Wealth to launch in-house platform

The wealth manager, a joint venture between Schroders and Lloyds that launched in 2019, said the move to an in-house platform would enhance client experience. It worked in partnership with SEI and Benchmark on the project. It said it would become the regulated platform operator and custodian and be responsible for holding and safeguarding clients' investments, subject to regulatory approval. The business will also become ISA plan manager responsible for administering clients' ISA accounts. It said the setup would be different to its current model where Benchmark's Fusion Wealth pla...