Do Lloyds Own Schroders?

A new company backed by 400 years' experience, Schroders Personal Wealth is a joint venture between Lloyds Banking Group and Schroders – two of the UK's largest names in banking and asset management. We were created to help more people across the UK benefit from financial advice.

Is Schroders part of Lloyds?

Having launched in 2019 as a joint venture between Schroders and Lloyds Banking Group, the financial planning business has had a turbulent time at the top. It is already on its third chief executive with former Openwork boss Mark Duckworth having taken the helm in September 2020.

Are Schroders independent?

The advisers are known as restricted rather than independent because they do not recommend products from all investment providers. Instead, your money will be invested in one of nine recommended multi-manager funds by experts at Schroders.