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Schroders (LSE:SDR) Cash Payments for Deposits by Banks and Customers


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What is Schroders Cash Payments for Deposits by Banks and Customers?

Cash Payments for Deposits by Banks and Customers only applicable to companies reporting Cash Flow from Operations in direct method.


Schroders (LSE:SDR) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Schroders PLC (LSE:SDR) » Definitions » Cash Payments for Deposits by Banks and Customers
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1 London Wall Place, London, GBR, EC2Y 5AU
Schroders is an independent, U.K.-based, active asset manager founded in 1804. The bulk of Schroders' client assets are from institutions, but its retail operations are more profitable. Schroders has also increasingly expanded its wealth management presence. The U.K. accounts for just under half of Schroders' assets under management, while continental Europe and Asia account for 20% each. In 2013 Schroders purchased the Cazenove private clients business from JP Morgan, expanding its wealth management business. It recently formed a joint venture with Lloyds Bank, Schroders Personal Wealth, to provide independent financial advice to midmarket clients. Wealth management makes up around 15% of earnings and revenue.