Finpact, a spin-off of the University of St. Gallen, has been granted a license as an asset manager by the financial regulator. The company specializes in digital wealth management for customers aged 50 and above, catering to capital payouts, inheritances, and savings. The license from the Swiss Financial Market Supervisory Authority (Finma) is seen as a significant milestone in the company’s development, highlighting its commitment to transparency and quality in asset management for the 50+ generation, according to CEO Alain Beyeler in a press release.

Prior to this, Finpact operated as an asset manager under the guidelines of the Association for the Quality Assurance of Financial Services (VQF), a self-regulatory organization supervised by Finma.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Europe
Countries	🇨🇭
Sentiment	very positive
Relevance Score	1
People	Alain Beyeler
Companies	Universität St. Gallen, Eidgenössische Finanzmarktaufsicht (Finma), Verein zur Qualitätssicherung von Finanzdienstleistungen (VQF), Finanzaufsicht, Finpact
Currencies	None
Securities	None