True Wealth continues to record strong, consistent growth and reaches another milestone.
ETF Digital Asset Management (EDM) managed CHF 1.5 billion of client assets in its direct business as of 31 August 2024, representing a growth of 47% in less than 12 months.
True Wealth was founded 10 years ago.
Client assets under management increased by CHF 481 million over the 12 months, representing a growth of 47%. Net inflows of client assets amounted to CHF 365 million, with positive investment results further driving the growth.
During the same period (August 31, 2023 to August 31, 2024), the number of customer relationships also increased by 48%, from 17,600 to 26,000.
“The steady growth demonstrates a high level of confidence in True Wealth as an asset manager.”
Felix Niederer, founder and CEO of True Wealth, explains the company’s continued success by saying: Innovation in our product portfolio and proximity to our customers are other reasons for our strong growth.
The trend of paying the second pillar (occupational pension payment) as a lump sum instead of a retirement pension is also accelerating.
«We are taking this opportunity to develop practical digital concepts that meet these needs. If you are 65 and have more than 20 years left to live, an online wealth management solution that provides capital returns with individually defined capital withdrawal rates is the right solution. We now offer practical payment plans for this group of customers.»
Niederer explains.
Featured image credit: Felix Niederer, founder and CEO of True Wealth. Edited by Truewealth