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.
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| 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 |
