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The major British fund manager and the banking giant are co-creating a financial planning joint venture and other initiatives in an effort to shake up the market.
A major British fund manager, Schroders, and a banking giant, Lloyds Banking Group, have agreed to a complex strategic partnership that among other initiatives will yield a financial planning joint venture (JV) intended to jolt the wealth management space for the U.K. “The strategic partnership will combine Schroders’ investment and wealth management expertise and technology...
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