In September, the Zurich-based wealth advisor Zwei Wealth launched a new platform solution. Since then, more than half a billion francs have been brokered via the product.
Three months ago, Zwei Wealth launched the «Your own personal Wealth Office» platform, as finews.com reported. In the meantime, more than 6 billion francs ($6.3 billion) in assets are on the platform, the Zurich-based wealth advisor announced Tuesday.
In addition, 640 million francs of client funds have found a new portfolio manager via the tender platform since September.
New Functionality
Onboarding on the part of the industry has proceeded apace. At the end of November, nearly 500 banks and asset managers are on the Wealth Office platform. They can place their offers on the platform free of charge or participate in tenders.
In a newly added functionality of the platform, banks and asset managers can directly compare their offers with those of their competitors using benchmarking costs, risk ratios, and returns against one another. The returns of offerings can also be monitored on the platform, while a knowledge portal highlights new asset management solutions.
