Schroders and Lloyds JV targets £25bn in AUM
Lloyds to hire 700 financial advisers
Schroders' James Rainbow
Schroders and Lloyds have set a target of of boosting assets in their wealth management joint venture from about £13bn to £25bn, equivalent to annual growth of about 14%.
The growth in assets will be driven both organically, by attracting existing Lloyds bank customers who use other wealth and investment services, and through acquisitions of both businesses and individual...
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