Schroders Personal Wealth (SPW), the joint-venture established by Lloyds Banking Group (LBG) and Schroders, is almost certain to dominate the future wealth management news flow as far as the latter institution is concerned.
This is especially the case when it comes to new business.
The hope, if not the expectation, is that LGB’s huge retail customer base, probably the biggest of any UK-based banking group, will generate significant volumes of profitable new business as well as further boosting Schroders’ credentials as one of the UK’s leading wealth management groups.
With £65.7 billion of client assets...