When UK asset manager Schroders bought specialist London-based family office Sandaire in December 2020 it looked like a straightforward case of adding scale.
Strictly by the numbers, it wasn’t a big deal at all: at the time, Sandaire ran £2.2 billion ($3.04 billion) in assets. Schroders’ wealth business was 16 times bigger, managing assets worth £35.6 billion.
But the UK’s largest standalone asset manager knew what it was doing. In Sandaire, it got one of the best boutique advisers to the super-wealthy around – and the deal took place just as the world’s $5.9
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