Schroders has expanded its wealth management footprint in the UK considerably over the past five years or so, primarily through a number of well-judged acquisitions of which Cazenove, Benchmark Capital and a 49.9 percent stake Schroders Personal Wealth, its joint venture with Lloyds Banking Group, are probably the most significant.

With net income of £289.8 million, pre-tax profits before exceptional items of £93.4 million and £65 billion of client assets under management and administration at 31 December 2018 this almost certainly makes Schroders one of the leading UK wealth management firms, however defined.

Furthe...