Company: LLOBF
Filing Date: 2025-10-09
Form Type: 6-K
Source: 0001654954-25-011590
Chunk: 0

Company: Lloyds Banking Group plc
Filing Date: 2025-10-09
Form: 6-K
Chunk 0
---
### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C.20549

#### FORM 6-K

#### Report of Foreign Private Issuer

#### Pursuant to Rule 13a-16 or 15d-16a

#### of the Securities Exchange Act of 1934
<div align='center'>09 October 2025</div>

#### LLOYDS BANKING GROUP plc
<div align='center'>(Translation of registrant's name into English)</div>

#### 5th Floor

#### 25 Gresham Street

#### London

#### EC2V 7HN

#### United Kingdom
<div align='center'>(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports

under cover Form 20-F or Form 40-F.

Form 20-F..X.. Form 40-F

Index to Exhibits</div>

Item

No. 1 Regulatory News Service Announcement, 09 October 2025

re: Schroders Personal Wealth Acquisition

9 October 2025

### ACQUISITION OF SCHRODERS PERSONAL WEALTH
Lloyds Banking Group is today announcing the full acquisition of Schroders Personal Wealth (SPW), the wealth management and advice business previously operated as a Joint Venture with Schroders Group. Lloyds Banking Group has acquired the remaining 49.9% of share capital from Schroders in exchange for its 19.1% stake in Cazenove Capital. The transaction involved no cash consideration.

SPW, which will in due course be rebranded as Lloyds Wealth, offers a personalised advice led proposition, backed by strong investment expertise. The acquired business supports c.£17 billion in assets under administration, on behalf of c.60,000 clients (both Lloyds and non-Lloyds customers) and delivered operating profit of c.£45 million in the first half of 2025. The acquisition accelerates delivery of the Group's wealth strategy to deepen relationships in a high value segment whilst creating a differentiated, more integrated, banking and investment proposition combining expert face to face advice with powerful digital tools. It also supports the Group's ambition to deliver an end to end wealth offering, including; execution only share dealing, self-select digital investment and pension propositions, and full financial planning with advice. Full ownership will allow the Group to more effectively manage the existing business, whilst facilitating a seamless customer journey for existing and new customers. Going forward, we will