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Schroders sees assets grow to £750bn, despite drop in profit

Schroders’ wealth management division was a standout performer in 2023, with assets under management reaching a record high of £110.2bn

By David Ricketts
The London-headquartered asset manager recorded a pre-tax profit of £487.6m at the end of 2023, down from £586.9m the previous year
The London-headquartered asset manager recorded a pre-tax profit of £487.6m at the end of 2023, down from £586.9m the previous year Photo: Chris Ratcliffe/Getty Images

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Schroders, the FTSE 100 listed fund group, posted a 17% drop in pre-tax profit last year as a result of “headwinds in the markets”, but positive flows helped to boost total assets under management.

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