Hi @EmmaL and welcome to the community,
Apologies for the late response.
Asset managers shall always include assets under management in its target submission to SBTi as long as it for a required asset class in table 5.2 in our guidance (p 55-57), e.g. listed equity and corporate bonds. This includes client’s investments.
Please have a look at these posts for further information:
Asset under management covered…
Off balance sheet assets…
Advisory mandates…
Best,
Donald