True Wealth continues to document robust and constant progress and reaches one other mileston.e
The ETF digital wealth administration managed CHF 1.5 billion in consumer property in its direct enterprise as of 31.8.2024. This corresponds to progress of 47 p.c inside twelve months.
True Wealth, based over 10 years in the past.
Shopper property beneath administration elevated by CHF 481 million inside 12 months, which corresponds to progress of 47%. The web influx of consumer property amounted to CHF 365 million, whereas a optimistic funding outcome additional boosted progress.
The variety of consumer relationships additionally elevated by 48% in the identical interval (31.8.2023 to 31.8.2024), from 17’600 to 26’000.
«The regular progress is an expression of the excessive degree of belief in True Wealth as an asset supervisor,»
says Felix Niederer, founder and CEO of True Wealth, explaining the corporate’s sustained success. Improvements within the product portfolio and proximity to purchasers are additional causes for the robust progress.
The accelerating development in direction of drawing Pillar 2 (occupational pension provision) as a lump sum as a substitute of a retirement pension can also be making itself felt.
«We’re taking this as a possibility to develop sensible digital ideas to fulfill this want. With a remaining life expectancy of over 20 years on the age of 65, on-line asset administration that provides a return on capital with an individually outlined capital withdrawal fee is an appropriate resolution. We now provide a sensible payout plan for this consumer group,»
explains Niederer.
Featured picture credit score: Felix Niederer, founder and CEO of True Wealth. Edited from Truewealth