NEW YORK AND ZURICH–(BUSINESS THREAD)–Vontobel (SWX: VONN), the global investment firm, today announced the closing of its acquisition of UBS Swiss Financial Advisers AG (SFA), effective August 1, 2022. With With this transaction, which was announced on December 16, 2021, Vontobel is further strengthening its platform by offering clients a global investment approach and geographic diversification. Prior to the acquisition, Vontobel, through Vontobel Swiss Wealth Advisors (VSWA), was already ranked as one of the leading Swiss-domiciled providers of wealth management investment solutions for qualified US and Canadian investors.
Together with Vontobel SFA’s assets under management (around CHF 6 billion as of June 30, 2022), Vontobel, through its SEC-licensed entities, will become the largest asset manager domiciled in Switzerland for US clients looking for an account in Switzerland to diversify. purposes The combined pro forma assets under management will more than double to around CHF 10 billion.
Vontobel plans to complete the operational and legal combination of Vontobel SFA and VSWA, its existing business serving US wealth management clients, in the first half of 2023. The relevant preparations have already begun.
Investment firm Vontobel and UBS have also agreed that, going forward, UBS’s nearly 6,000 advisors in every US state will continue to refer US-connected clients seeking tailored investment solutions in an environment Swiss exclusively to its partner Vontobel SFA.
“In light of global developments, Vontobel is strengthening its focus on large and established markets that have a significant number of discerning clients looking for a globally active investment advisor. The US continues to be the most world with many wealthy clients who want to diversify their portfolios geographically and therefore seek high-quality advice. With Vontobel SFA we will become the leading Swiss partner for these US clients. The last few months have confirmed that SFA and VSWA are an ideal fit. Both teams have the same understanding of quality, excellent customer service, customer needs and the market. At the same time, they will complement each other. The team, which has significantly strengthened, and the agreement with UBS, will create opportunities for future business growth with US clients,” stated Georg Schubiger, President of VSWA and Vontobel SFA and Head of Wealth Management at Vontobel .
The transaction was financed entirely with cash from Vontobel’s balance sheet. Following the transaction, Vontobel will continue to have robust CET1 and Tier 1 capital ratios.
Vontobel has been present in the US since 1984 for institutional clients with asset management and for US private clients through VSWA since 2005.
At Vontobel, we actively shape the future. We create and pursue opportunities with determination. We master what we do, and we only do what we master. This is how we move our clients forward. As a globally active investment manager with Swiss roots, we specialize in wealth management, active asset management and investment solutions. We harness the power of technology to deliver a high-quality, individual client experience and to deploy our investment expertise across multiple platforms and ecosystems. We empower our employees to take ownership of their work and bring opportunities to life. We do this based on the conviction that successful investing begins with the assumption of personal responsibility. We continually review our achievements as we strive to exceed our customers’ expectations. The registered shares of Vontobel Holding AG are listed on the SIX Swiss Exchange. The close connection of the Vontobel families with the company guarantees our entrepreneurial independence. We consider the resulting freedom as an obligation to also assume our social responsibility. As of June 30, 2022, Vontobel had CHF 256 billion in total customer assets. Worldwide and in our domestic market, we serve our customers from 26 locations.
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