Wealth Management

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We provide a full suite of wealth management services, including wealth planning, portfolio management and banking and treasury services. Our clients include high net worth individuals, family offices and, through Benchmark Capital, clients introduced through a network of IFAs. We are also the largest investment manager of charity assets in the UK.

We operate from 15 locations globally. Our largest business is based in the UK and we have significant presences in the Channel Islands and Switzerland, as well as businesses in Frankfurt, Gibraltar, Milan, Madrid, Hong Kong and Singapore. Benchmark Capital operates from various locations in the UK.

Wealth Management clients’ AUM by portfolio size

Wealth Management clients’ AUM by portfolio size (pie chart)

Forming strong relationships with our clients to understand their changing needs is at the heart of our client service proposition. Experienced relationship management teams aim to deliver an uncompromising quality of service. Our dedicated portfolio managers and, where appropriate, wealth planning advisers, allow us to develop close relationships and ensure that the investment solutions we provide are well placed to meet our clients’ financial goals. We take an active, long-term approach to portfolio management. We recognise that our clients’ investment goals will change over time as their personal and financial circumstances develop and this is reflected in our flexible portfolio construction. Our banking and treasury services enable us to provide a range of deposit-taking and lending services to clients to assist in the overall management of their financial affairs.

Wealth Management assets under management £39.6bn
(2015: £31.6 billion)

Wealth Management assets under administration £11.1bn
(2015: £nil)

Our portfolio managers select best-of-breed products across the whole of the market, with both Schroders and third party strategies subjected to the same level of scrutiny and rigorous selection process. All of our clients benefit from the investment expertise of the whole Group as our portfolio managers have access to our 700 investment professionals.

In December, we made a significant investment in Benchmark Capital, a technology-driven adviser support business based in the UK, which expanded our offering and has the potential to significantly enhance the service we provide to this channel. It also introduced a new category of AUA, with revenues linked to the provision of services to IFAs. Benchmark Capital brought AUA of £11.1 billion, in addition to increasing AUM by £3.4 billion.