True Wealth continues to record strong and consistent growth and reaches another mileston.e
The ETF digital wealth management managed CHF 1.5 billion in client assets in its direct business as of 31.8.2024. This corresponds to growth of 47 percent within twelve months.
True Wealth, founded over 10 years ago.
Client assets under management increased by CHF 481 million within 12 months, which corresponds to growth of 47%. The net inflow of client assets amounted to CHF 365 million, while a positive investment result further boosted growth.
The number of client relationships also increased by 48% in the same period (31.8.2023 to 31.8.2024), from 17’600 to 26’000.
«The steady growth is an expression of the high level of trust in True Wealth as an asset manager,»
says Felix Niederer, founder and CEO of True Wealth, explaining the company’s sustained success. Innovations in the product portfolio and proximity to clients are further reasons for the strong growth.
The accelerating trend towards drawing Pillar 2 (occupational pension provision) as a lump sum instead of a retirement pension is also making itself felt.
«We are taking this as an opportunity to develop practical digital concepts to meet this need. With a remaining life expectancy of over 20 years at the age of 65, online asset management that offers a return on capital with an individually defined capital withdrawal rate is a suitable solution. We now offer a practical payout plan for this client group,»
explains Niederer.
Featured image credit: Felix Niederer, founder and CEO of True Wealth. Edited from Truewealth
