Since April 3, 2023, all clients of the two Switzerland-based Vontobel US entities have been brought together under one roof within Vontobel SFA. Vontobel has thus become the largest Swiss-domiciled wealth manager for North American clients.
Vontobel (SWX: VONN), the global investment firm, today announced the closing of the acquisition of UBS Swiss Financial Advisers AG (SFA), effective August 1, 2022. With this transaction, which was announced on December 16, 2021, Vontobel is further strengthening its platform providing clients with a global investment approach and geographic diversification.
In a generally difficult environment, Vontobel delivered a satisfactory performance in the first six months of 2022. Whilst below the record profit generated in the first half of 2021, as expected, it exceeded the result for the first half of 2020 – which represents the second-highest first-half result since the financial crisis.
Vontobel has further developed its existing platform and is launching volt by Vontobel – the first offering of its kind in the market: This investment app for the affluent client segment delivers private banking-level service combined with the option of personal advice.