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May 24, 2022

Swiss Life sets up wealth management arm to serve private clients

The Swiss Life Group has established a wealth management division to offer private clients advisory and individual asset management services from a single source.

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Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The move forms part of the insurer’s “Swiss Life 2024” strategy programme and seeks to strengthen its advisory services for different customer requirements and segments in Switzerland.

Swiss Life Wealth Managers will provide personalised wealth management, financial planning, taxes and retirement to private individuals.

The division opened its first office in Zurich with a plan to open a second location in Winterthur shortly.

The firm said it will add additional locations will be added in the coming years to expand its offering to other regions in Switzerland.

Swiss Life CEO Markus Leibundgut said: “We see an increasing need for comprehensive advice and customized investment opportunities in the growing affluent market segment.

“Swiss Life Wealth Managers supports private individuals in tailoring their financial planning to their individual needs. In this way we make a decisive contribution to the self-determination of our customers.”

As part of the Swiss Life 2024 startegy, Swiss Life is seeking to raise the assets under management of private customers in the home market to more than CHF6.5bn in the next two years.

The firm is eyeing a significant contribution from the development of the affluent segment to achieve this target and support long-term growth in the fee business.

In 2019, Swiss Life Asset Managers acquired Fontavis, a sustainable investment manager based in Switzerland, for an undisclosed amount.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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