Schroders Personal Wealth fees, now Lloyds Wealth
Schroders Personal Wealth has become Lloyds Wealth, wholly owned by Lloyds Banking Group. Its one-off advice charge is 1.75% of the amount advised on, with a £1,000 minimum for new clients and a £20,000 maximum. Its ongoing advice charge is 0.65% a year up to £1m, falling to 0.15% above £5m, and needs at least £100,000 invested. On £250,000 that is £4,375 once and £1,625 a year, before VAT where it applies. Its fees page gives an average investment fee of 1.39% a year.
Figures checked 31 October 2026.
One-off advice charge
| Amount advised on | Charge |
|---|---|
| First £57,000 | £1,000 minimum, for new clients when they join |
| £57,000 to £1.14m | 1.75% |
| Above £1.14m | £20,000 maximum |
Ongoing advice charge
| Amount invested | Charge a year |
|---|---|
| Up to £1m | 0.65% |
| £1m to £2m | 0.40% |
| £2m to £5m | 0.35% |
| Above £5m | 0.15% |
The ongoing service needs at least £100,000 invested in eligible products and is taken monthly in arrears. From Lloyds Wealth's fees page, as at July 2026. All amounts exclude VAT, which your adviser confirms where it applies.
In pounds
| Amount | One-off advice | Ongoing advice a year | Investment fees at the 1.39% average |
|---|---|---|---|
| £100,000 | £1,750 | £650 | £1,390 |
| £250,000 | £4,375 | £1,625 | £3,475 |
| £500,000 | £8,750 | £3,250 | £6,950 |
| £1,500,000 | £20,000 | £8,500 | £20,850 |
Advice figures for £100,000, £250,000 and £1.5m are Lloyds Wealth's own examples. The 1.39% average comes from the calculator on its fees page, which does not split it into platform, product and fund charges; your own fees depend on the investments chosen.
Common questions
Is Lloyds Wealth the same firm as Schroders Personal Wealth?
Yes. Its website states that "Schroders Personal Wealth has become Lloyds Wealth" and that it is a fully owned subsidiary of Lloyds Banking Group. It is authorised by the FCA under number 830170.
Is the first call free?
Lloyds Wealth's home page offers a free call, and states that you pay only if you go ahead with the recommendations in your financial plan.
Can I use the ongoing service with less than £100,000?
Lloyds Wealth's fees page states that the ongoing advice service needs at least £100,000 invested with it in eligible products.
How does Buzz charge?
Buzz charges fixed fees in pounds: a £1,500 Financial Plan that models every year to age 100 with UK tax applied, and ongoing planning at £49 a month, whatever you hold. Buzz does not manage investments or give regulated advice; if you want a recommendation, it can introduce you to Buzz Financial Services, a separate FCA-regulated firm, or you can choose any adviser on the FCA register.