Swiss digital wealth manager findependent has crossed CHF 500 million in assets under management, a milestone reached weeks after the company transitioned into a licensed securities firm.

The company recently became the first pure ETF wealth manager in Switzerland to receive approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate as an account-holding securities firm.

Following the regulatory approval, more than 98% of existing customers have migrated to the new securities firm structure.

The updated setup allows users to manage their investments directly within the application.

The company reported that the second quarter of the year marks its 22nd consecutive quarter of net new money inflows, with April and May recording the highest volumes to date.

“Breaking the half-billion mark in entrusted customer assets is a great success for us,”

said Matthias Bryner, Founder and CEO of findependent.

“I am equally pleased with how smoothly our customers transitioned to the securities firm and that findependent is trusted as a depository institution,”

Bryner added.

Building on its recent growth, findependent plans to expand its services by launching a Pillar 3a retirement savings offering in the second half of the year.

To support this expansion, the company is establishing its own pension foundation, aiming to replicate its existing digital investment experience for retirement planning.

Featured image credit: Edited by Fintech News Switzerland, based on image by findependent