True Wealth Manages Half a Billion Swiss Francs of Client Assets
Zurich, 19 April 2021
The online wealth management platform True Wealth increased its number of customers by 1,500 (plus 25%) in the first quarter of 2021, while assets under management rose by 103 million Swiss francs (plus 27%).
With continued growth in April, True Wealth today exceeded 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.
Founder and CEO Felix Niederer: “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."
About True Wealth
True Wealth was founded in 2013 by Oliver Herren, co-founder of digitec Galaxus and Felix Niederer, physicist and portfolio manager. The online platform has since systematically automated all processes of modern asset management and offers Swiss investors a cost-effective investment solution for investment amount starting at CHF 8,500.