The independent Swiss wealth manager was an early adopter of technology. Now with Finma approval, it is in a good place to attract talent.
VT Wealth Management has received a license from the Swiss market regulator Finma, it says in an emailed statement Thursday.
Central to getting its license was its partnership with consulting company Lexpert Partners, which allowed it to «preserve our Swiss private banking DNA with all its advantages for customers and employees,» CEO Sacha Fedier said.
Time With Clients
For the Zurich-based wealth manager, which employs over 30 people, technology, software, and automation play an important role in its services, allowing «relationship managers to spend much more time with clients rather than being absorbed by the administrative tasks typical in the banking world,» Fedier said.
The circumstance makes VT attractive to «unhappy bankers or external asset managers, who no longer feel any progress in their current position, with a new home,» Fedier adding, calling out to new talent in the industry.
