05 February 2024

Schroders to bring wealth management tech inhouse

Written By FinTech Alliance in Wealth Management

Schroders to bring wealth management tech inhouse

Schroders Personal Wealth has announced the launch of its own platform to enhance the journey and experience for clients.

In brief:

- This is a key strategic development for the business, enabling SPW to bring the control and oversight of client money and investments, in-house.

- These changes, which are due to go live this summer, will offer a seamless and straightforward experience for clients, whilst giving SPW greater flexibility over the products and services on offer.

- SPW, Benchmark and SEI have worked closely together over the last five years to bring technology solutions to clients and the announcement ensures they will continue to do so as strategic partners. 

What does this mean?

Graham Bastin, Chief Technology Officer at Schroders Personal Wealth said: “This is an exciting milestone for Schroders Personal Wealth and the first of many new developments that we’ll be looking to make, starting with the launch of our mobile app later this year.

Improving client experience was central to our decision making and we have listened to feedback from our clients and incorporated these insights whilst developing our new platform alongside our partners. Going forward, clients will only hear from one brand, instead of three, and will have an enhanced experience through better integrated technology."

Read more here.

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