Swiss online wealth management platform True Wealth reported that its number of customers has increased by 1,500 (more than 25%) in the first quarter of 2021, while its assets under management rose by 103 million Swiss francs (more than 27%).

With continued growth in April, True Wealth now exceed the 500 million franc mark in customer funds, with over 7,700 customers entrusting their money to the online wealth manager.

This does not include the customers and customer funds of the partner banks that use True Wealth’s technology.

Felix Niederer, Founder and CEO of True Wealth mentioned in an interview with finanzprodukt.ch iin 2016 that it was their goal to hit the billion CHF mark.

Felix Niederer, Founder and CEO said,

“500 million is an important milestone for us.

 

The fact that the response has been so positive confirms our mission to make investing as efficient and simple as it gets for everyone.”

Featured image: screengrab from True Wealth