Cardea Capital Group, through its subsidiary Cardea Finance, has acquired a 100% stake in Zurich-based wealth management firm Trinkler & Partners for an undisclosed sum.
This comes several months after International Adviser reported that Cardea was looking at M&A opportunities to expand its global wealth management footprint and had expanded its fund raising plans to fuel its acquisition plans.
Trinkler & Partners serves ultra-high net worth individuals with investment solutions, strategic and tactical asset allocation, M&A advisory and family office services.
Thomas Trinkler, the principal of Trinkler & Partners, will remain with the firm in an expanded role within the Cardea Group, assuming the position of country head and chief executive of Switzerland.
Cardea plans to expand its presence in Switzerland by a combination of strategic acquisitions of small to mid-size wealth management firms in parallel with the hiring of individual wealth advisers and their teams.
Jordan Waring, chairman and group chief executive of Cardea Corporate Holdings, said: “We are extremely excited about our collaboration with Thomas and his team as well as the addition of Trinkler & Partners to the Cardea family. We believe strongly in Cardea’s ability to be a valuable and differentiated wealth management solution for investors in Switzerland, and the addition of Thomas’s group enables us to jump start our ambitious growth plans for the region.”
Cardea is a global asset management and wealth advisory firm with offices in Atlanta, London, Zurich, Milan, and Frankfurt.