The finance advice joint venture between Schroders and Lloyds Banking Group has opened 11 regional hubs to support its regional growth across the country.
The regional hubs will act as “semi-autonomous adviser businesses” within the Schroders Personal Wealth (SPW) network.
They are located in Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Exeter, Guildford, Manchester, Leeds, London and Oxford.
The firm will continue to have a head office in London and a centralised operations centre in Leeds, with both providing the central functions to support the hubs.
Each operation is headed by a regional director who will be able to shape the future of their own business.
They will have responsibility for selecting and leading the hub team, delivery of local support and revenue generation.
Peter Hetherington, chief executive of SPW, 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.
“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.”