Where it all went wrong for Schroders Personal Wealth

Where it all went wrong for Schroders Personal Wealth

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Busily going nowhere: SPW had £15.7bn of assets at the end of 2024 — just 20% more than it started out with in 2019Photo: Alamy

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When Lloyds Banking Group called time on its ill-fated Personal Wealth joint venture with Schroders in October, the decision brought the curtain down on a six-year relationship between two City titans.