Asset Management

Schroders’ wealth push helps offset fall in funds business

Funds giant stays stable in rocky markets thanks to growth in advice business

London Wall-based Schroders and its asset management peers face significant headwinds of rising rates and inflation
London Wall-based Schroders and its asset management peers face significant headwinds of rising rates and inflation Photo: Corbis/Getty Images

Growth in Schroders' wealth business helped offset a drop off in asset management business at the fund house last quarter.

Investor money in the asset management side of the business dropped from £515.7bn to £511.4bn in the three months to 30 September, according to the latest figures.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump