You’ll find answers to some commonly asked questions below. We will update this website as things develop, so please check back from time to time.
Schroders Personal Wealth is a new financial planning joint venture that is being set up between Schroders plc and Lloyds Banking Group plc.
Schroders Personal Wealth will combine personal relationships and investment expertise with cutting-edge digital technologies to provide an intuitive and transparent service to help customers aim to achieve their financial goals.
Schroders Personal Wealth is the trading name for the new financial planning joint venture, which is operated by Scottish Widows Schroder Personal Wealth Limited. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 11722983. Authorised and regulated by the Financial Conduct Authority under number 830170.
Schroders Personal Wealth is a joint venture between Lloyds Banking Group plc and Schroders plc. Initially it will be a wholly owned subsidiary of Lloyds Banking Group plc. Later in 2019 and subject to regulatory approval, Schroders plc will take up its shareholding, with Lloyds Banking Group plc remaining as the majority shareholder.
The new joint venture is part of both companies’ commitment to help customers with their investments and financial planning.
The union of one of the UK’s largest banking groups and one of the leading investment brands will bring more shared knowledge and more investment options. We believe financial planning can change lives and want to make it available to more people in the UK.
Schroders Personal Wealth became available to eligible Lloyds Bank Private Banking or Bank of Scotland Private Banking investment customers on 1 June 2019. We will open to the wider market on 1 July 2019.
The new company became operational on 1 June 2019. Your Private Banking and Advice Manager will move to the new company and will continue to be your main point of contact for your investments as a Personal Wealth Adviser there. We’ll keep you informed and your Private Banking and Advice Manager will provide you with any support you may require.
Most types of investments are covered by the scheme up to the current limit of £85,000. Please refer to your terms and conditions for more information on the FSCS limits which apply to the service or products you have.
Yes, Lloyds Bank Private Banking and Bank of Scotland Private Banking customers will still have their day-to-day banking provided by Lloyds Bank and Bank of Scotland.
Schroders Personal Wealth will offer holistic, transparent financial planning services to UK customers.
To get advice from Schroders Personal Wealth, you’ll need to have:
- At least £100,000 in savings, investments and/or personal pension, and/or
- £100,000 of sole annual income.
If you are a Financial Adviser interested in learning more about Schroders Personal Wealth, please email firstname.lastname@example.org *.
* Email is not a secure method of communication, so please do not include personal information in any emails you send to us.