Cinerius Financial Partners, a Zug-based company, has made a significant move in its development by acquiring SSI Wealth Management, an independent asset manager located in Bäch SZ. This acquisition brings the total number of partner companies under Cinerius’ umbrella to eight. SSI Wealth Management, founded in 2010, employs around 20 people and manages CHF 2 billion in client assets. The company also includes Carnot Capital, specializing in impact investing, and SSI Asset Management based in Liechtenstein. With the addition of SSI Wealth Management, the group now has a total of approximately 160 employees across 15 locations, serving over 6,000 clients and managing around CHF 13 billion in assets. While Cinerius will hold the majority stake in SSI Wealth Management, the existing management and partners will remain substantially involved in the company. The transaction is subject to regulatory approval and is expected to be completed in the first quarter of 2024. This acquisition marks a new era for independent asset managers, as Cinerius continues to implement its strategy and accelerate consolidation in the Swiss industry. Cinerius operates not only in Switzerland but also in Germany and Liechtenstein, supporting the growth and succession planning of its partner companies. Each company will continue to operate independently, with its own management, brand, and investment decisions. The effects of the recent licensing requirements by Finma for independent asset managers in Switzerland will become apparent in the next two years.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Europe |
| Countries | 🇨🇭 🇱🇮 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | SSI Asset Management, Carnot Capital, Cinerius Financial Partners, Entrepreneur Partners, SSI Wealth Management |
| Currencies | None |
| Securities | None |
