Why asset managers’ push into wealth has flopped

Wealth Management

Schroders and M&G wanted to take the wealth management industry by storm, but the market is tougher than it looks

Sluggish investor demand and mounting losses reveal how fund houses failed to understand wealth management Photo: Uniquepixel/Getty Images

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In 2019, fund giant Schroders set its sights on becoming the next big disruptor of the UK wealth management industry through a joint venture with Lloyds Banking Group: Schroders Personal Wealth.

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