Lloyds Banking Group has sometimes appeared to be ambivalent as far as personal wealth management is concerned, especially since the global financial crisis.
While its big retail banking peers expanded their private banking and wealth management offerings, Lloyds remained aloof. If anything it reduced its exposure to the market most notably by selling off the 60 percent stake it owned in St James's Place (SJP) following its acquisition of HBOS in 2009.
This s...
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