Top 50 IAM to merge with tech-focused wealth manager

The Probus Pleion group will expand to CHF 3bn in assets under management and gain an office in Lausanne.

Independent asset manager Pleion has announced a merger with technology-driven wealth management firm Finstoy, subject to Finma approval.

Following the transaction, its parent, Probus Pleion, will have total assets under management of CHF 3bn and will gain an office in Lausanne.

Nicolas Dénervaud and Florian Schefer, partners at Finstoy, will become partners at Probus Pleion.

Pleion said an increasing number of clients are asking for a quantitative approach, with robo-adviser assistance. Finstoy is the only company in French-speaking Switzerland certified to use Swissquote’s robo-advisory service, and Pleion’s clients will now be able to use this tool.

For Finstoy, the merger offers an opportunity to join a company which already has the new Finma portfolio manager licence.

‘By freeing up administrative time, our team will be able to devote more time to our core business: customer relations. In fact, we’re keeping our Lausanne office, so that we’re always accessible to them,’ said Schefer.

The combined group will have seven offices in Switzerland alongside branches in Luxembourg, the UAE, Mauritius and Thailand.

Probus Pleion was created by the merger of Probus and Pleion and featured in Citywire Switzerland’s 2023 Top 50 Independent Asset Managers publication.

Click here to access the original article, published by Citywire Switzerland.