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James Rainbow, chief executive designate of Schroders Personal Wealth
Schroders and Lloyds are set to bring a new financial planning business to the market named Schroders Personal Wealth as part of their wealth management joint venture.
Schroders Personal Wealth is expected to launch in the second half of the year subject to regulatory approval. The new business will offer its services to existing Lloyds Private Banking and Bank of Scotland Private Banking eligible customers from June 2019 and will open to the wider UK market in Q4. It will offer financial planning services to wealth UK customers, with its service underpinned by Benchmark Capital's technology to facilitate ease of use. The new venture will be an independent company backed by Schroders and Lloyds Banking Group. Schroders and Lloyds unveil wealth...
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