Wealth management firm to open city office

Schroders Personal Wealth is launching an office in Birmingham as one of 11 regional hubs to support its growth across the country.

The exact timing of the launch and location in Birmingham are yet to be disclosed.

The regional hubs will act as semi-autonomous adviser businesses within the SPW network. Each hub will be headed by a regional director who will be responsible for selecting and leading the hub team, delivery of local support and revenue generation.

CEO Peter Hetherington (pictured left) said: “This is another important milestone for Schroders Personal Wealth. This group of new leaders will be pivotal in driving the success of the business going forward, both at the regional and group level.

“During the current environment supporting our clients remains paramount to us. We remain fully operational and continue to be in regular contact with clients and are available to support them through this period of heightened concern.

“This new structure ensures we can continue to put our clients’ needs first. It allows clients to get a more personal and local experience, developing strong relationships with advisers and support within the hubs.”

The other hubs will be located in Bristol, Cambridge, Cardiff, Edinburgh, Exeter, Guildford, Manchester, Leeds, London and Oxford. Schroders Personal Wealth will continue to have its head office in London and a centralised operations centre in Leeds, with both providing the central functions to support the 11 hubs.