Schroders hits record $1tn AUM as private markets inflows strengthen

Schroders reached a record £816.7bn ($1tn) in assets under management at the end of Q3 2025, a 5% increase from the previous quarter, supported by positive net inflows and favourable market performance.

The group reported £4.9bn in net new business for the quarter, excluding joint ventures and associates, compared to £0.3bn in Q3 2024. Year-to-date inflows totalled £9.4bn, marking a strong turnaround from £3.6bn a year earlier and representing Schroders’ fourth successive quarter of positive net new business.

Asset Management AUM rose from £541.7bn to £573.6bn, driven by £4.4bn in net inflows and £28.9bn from markets, currency movements, and investment performance. Public Markets contributed most of the growth, with significant inflows of £6.7bn into core solutions and strong demand for global and European fixed income strategies.

Schroders Capital, the group’s private markets division, recorded strong inflows into private debt and credit alternatives, as well as continued growth in private equity through its evergreen semi-liquid product range. Real estate saw outflows in the UK and Asia as Schroders continued to streamline the business in line with its strategy.

Wealth Management AUM increased to £136.3bn from £128.9bn, supported by £0.5bn of net inflows and £6.6bn of positive market performance. Cazenove Capital achieved 5% net inflows from private clients, while Benchmark recorded outflows after one adviser firm transferred its model portfolio service to another provider.

Chief Executive Richard Oldfield said: “We remain steadfast in our commitment to active management as we help our clients to navigate complex markets. We are pleased to report our fourth successive quarter of positive net new business excluding JVs and associates, and £9.4 billion of positive net flows in the first nine months of the year. AUM hit an all-time high, buoyed by supportive market conditions. In addition, our client focus and investment rigour is translating into strong client investment performance.”

The group continued to advance its simplification and transformation programme. Since June, Schroders has regained full ownership of Cazenove Capital in exchange for its stake in Schroders Personal Wealth, announced strategic exits from Brazil and Indonesia, and launched its active ETF range in Europe.

Oldfield said the group remains focused on returning to profitable growth and building “an efficient and scalable business, which is fit for the future.”

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