Woodman Asset Management and Pentagram Wealth Management have joined forces to build a wealth management operation with offices in Swiss financial centres Zurich, Geneva and Lugano.
The financial terms of the deal were not disclosed.
The firms said that the merger is “the result of intense cooperation between the two companies on different projects over the last few years”.
After the completion of the deal, Woodman will manage over CHF3.5bn (£2.8bn, $3.75bn, €3.36bn) in assets under management and have a team of 40 people.
Enhance strategic positioning
Patrick Ferrari, chief executive of Woodman Asset Management, said: “This is a landmark acquisition for our organisation and for the independent wealth management industry in Switzerland. It unlocks substantial value and growth opportunities driven by greater scale, diversity and balance across investment strategies, and geographies.
“Our combined strengths will enhance our strategic positioning and long-term growth potential. Woodman will be one of the few independent wealth managers in Switzerland in the three major financial centres.”
Alessandro Sonvico, chief executive and partner of Pentagram Wealth Management:, added “The merger will further enhance our position as a leading provider of personalised client services, value-added solutions, and efficient operational support.
“Together, we are making significant additions to our investment team, thereby demonstrating our commitment to achieve consistently robust investment performance for our clients. The strong fit between our two organisations gives me the utmost confidence that this transaction will create meaningful long-term benefits for our employees and clients.”
Pentagram Wealth Management is a Swiss company, founded in 2005 with offices in Geneva and Lugano and provides wealth management services and investment advice for private, professional and institutional clients.
Woodman is an independent investment boutique, providing wealthy individuals and family offices with wealth management services and access to core, niche and sustainable investment strategies.
It was founded in 2010 as multifamily office in Zug, Switzerland.