Schroders’ wealth management businesses, which encapsulate Cazenove Capital Management and Benchmark Capital, outperformed the rest of the business during a testing 2018 according to its final results.

Although wealth management pre-tax profits came in at £68.0 million, a marginal increase on the £67.4 million reported for the year to 31 December 2017 this was a considerable improvement on the group result where pre-tax profits fell from £760.2 million to £649.9 billion, a £110.3 million or 14.51 percent decrease.

Wealth management net income amounted to £289.8 million, a £16.5 million or 6.04 percent increase ...