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Laxman Pai, Opalesque Asia: Geneva-based wealth adviser, Decisive Capital Management has acquired the Swiss business of the UK wealth management firm, Artorius Wealth Switzerland in Zurich, for an undisclosed sum.
The deal, which was completed on 21 January, will strengthen Decisive's wealth platform, its footprint in Zurich where it already has a branch, and support the firm in delivering long-term value to its clients.
Founded in 2015, Manchester-based Artorius offers investment advice to UK entrepreneurs, financial services, and private equity professionals as well as clients inheriting wealth. It manages £1.5 billion ($2.03 billion) overall.
"This first acquisition marks an important step in enhancing our wealth and Asset Management ecosystem," said Decisive's Partners. "This deal fits our growth strategy and cements our ambition to be a trusted advisor to our clients. We look forward to welcoming the Artorius Zurich team into our investment discovery platform, focused on Smart Capital."
James Phillips, Managing Director and Founding Member at Artorius added: "I have always aspired to be the trusted adviser to my clients and nurture the relationship through regular dialogue. Simply 'listening' to clients' concerns and ambitions has been a privilege and combining Decisive's values, Next-Gen thinking, and performance to build on the Artorius values of 'there must be a better way.' James Phillips is joining Decisive as Senior Partner and Head of Northern Europe.
"I am delighted to be able to announce Artorius's agreement with Decisive," said Ian Marsh, Executive Chairman of Artorius. "When working with the Decisive team over the last few months it has been evident Artorius and Decisive share a client-centered philosophy and ethos. Artorius is focused on regional growth opportunities in the UK and our agreement with Decisive means we will continue to offer Artorius's resident non-domiciled clients a platform in Switzer-land from which they can conduct their international affairs."
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