Schroders Personal Wealth has dropped its multi-manager model in favour of a single manager approach, which it says is “the most appropriate strategy for these funds going forward”.
The range consists of 21 funds which collectively contain assets under management of £14.3bn.
Schroders Personal Wealth added: “Having all assets under the investment management of Schroders will enable better understanding and management of the investment strategies and styles that may be deployed and potentially blended together in our funds to enhance investor outcomes.”
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The Personal Wealth business was set up in partnership with Lloyds Bank in 2019 with the aim of offering financial planning services to affluent UK customers.
It said: “Having all of these funds under the investment management of Schroders allows us to better understand and manage the investment strategies and styles used in our funds, helping to create a more effective blend that enhances investor outcomes.”
