Schroders and Lloyds unveil financial planning business

To open in second half of 2019

Anna Fedorova
clock • 1 min read

Schroders and Lloyds are set to bring a new financial planning business to the market named Schroders Personal Wealth as part of their wealth management joint venture.

Schroders Personal Wealth is expected to launch in the second half of the year subject to regulatory approval. The new business will offer its services to existing Lloyds Private Banking and Bank of Scotland Private Banking eligible customers from June 2019 and will open to the wider UK market in Q4. Schroders and Lloyds unveil financial planning arm JV It will offer financial planning services to wealth UK customers, with its service underpinned by Benchmark Capital's technology to facilitate ease of use. The new venture will be an independent company backed by Schroders and Ll...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Chase de Vere's revenue hits £118.6m driven by acquisitions and client referrals

Chase de Vere's revenue hits £118.6m driven by acquisitions and client referrals

Profit before tax reaches £31.9m in 2024

Isabel Baxter
clock 08 July 2025 • 2 min read
FE Fundinfo integrates portfolio analysis and cashflow planning solutions

FE Fundinfo integrates portfolio analysis and cashflow planning solutions

FE Analytics and FE CashCalc integrated on Nexus platform

Isabel Baxter
clock 07 July 2025 • 1 min read
'We didn't have the dedicated capability in place': Sesame's adviser recruitment boost

'We didn't have the dedicated capability in place': Sesame's adviser recruitment boost

Team formed to push network’s growth ‘already making a difference’

Isabel Baxter
clock 03 July 2025 • 3 min read