Swiss wealth boutiques got off to a good start this year, with buoyant net new money inflows. Clients appear to be shunning large banks in favor of small independent firms.
Independent wealth managers in Switzerland can look back with satisfaction on the first six months of the year. Around 60 percent of asset managers questioned said they saw significant growth in their managed assets in this period (see graphic). And more than half said this came from net new inflows.
This development is reflected in an index compiled by Aquila published in conjunction with finews.com. The index surveys around 140 independent Swiss asset managers.
These findings are interesting in that traditionally asset managers benefit most in a bullish financial market environment. This time however they were able to generate new inflows from clients who weren’t satisfied with the services offered by the large institutions. (see graphic).
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