Schroders Personal Wealth, Schroders’ new Financial Planning arm joint venture with Lloyds Bank, is establishing 11 regional hubs across the UK.

The hubs will be ‘semi-autonomous adviser businesses’ within the Schroders Personal Wealth Financial Planning network.

Each is headed by a regional director who will be able to “shape the future” of their own businesses, says the company.

The hubs will be in Birmingham, Bristol, Cambridge, Cardiff, Edinburgh, Exeter, Guildford, Manchester, Leeds, London and Oxford. 

Schroders Personal Wealth will continue to have a head office in London and an operations centre in Leeds.

Peter Hetherington, chief executive, 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.”