FA Magazine: Tiedemann Advisors Co-Founds Zurich Wealth Management Firm

FA Magazine

Tiedemann Advisors Co-Founds Zurich Wealth Management Firm

By Raymond Fazzi

September 3, 2019

(FA Magazine) Tiedemann Advisors of New York City has partnered with a Swiss financial services firm to create a wealth management firm in Zurich led by former Credit Suisse private bankers.

Tiedemann, which has about $21 billion in assets under advisement, announced on Tuesday that is has teamed with Constantia Partners AG, an independent Swiss capital consultancy firm, to found Tiedemann Constantia, effective immediately.

"Through this agreement, Tiedemann Constantia will offer a unique set of investment and wealth management services to high-net-worth individuals, families, family offices and foundations on multiple continents," the press release said.

Tiedemann Advisors is among the largest independent U.S. investment and wealth advisors, with a clientele that includes wealthy families, trusts, foundations and endowments, according to the press release.

The firm ranked 18th in the nation, with $13.9 billion in client assets under management, in Financial Advisor magazine's 2019 RIA survey.

Tiedemann Constantia will be looking to serve international and multinational clients who have been increasingly moving assets to U.S.-based trusts as opposed to other, less-regulated locations, the release said. The firm is also looking to take advantage of investment opportunities in Europe, the Middle East and Africa, known as the EMEA region.

"At the same time, Tiedemann Constantia will draw from Tiedemann’s deep-rooted impact investing offering to engage with a sophisticated European client base," the release said.

The new firm will be led by Constantia Partners founder Robert Weeber, who leads a team of private bankers who formerly worked in Credit Suisse's U.K. international ultra-high-net-worth unit, according to the press releae. Weeber, along with Tiedeman Constantia CIO Pierre Bose and managing director Gareth Maher, managed more than $7 billion in client assets while at Credit Suisse, the release said.

“The opening of our Zurich office represents another milestone in our strategy to become a leading and preeminent, privately owned global wealth management firm that serves high-net-worth families and family offices across the globe,” Michael Tiedemann, co-founder and CEO of Tiedemann Advisors, said in a prepared statement.

Tiedemann Constantia will offer trust services through Tiedemann Trust Company, the press release said.

“We see the EMEA region as an important growth market offering attractive investment opportunities for our clients,” Weeber said in a prepared statement. “Given the interconnectedness of today’s markets, we were actively seeking a U.S. partner to complement our investment offering. Today’s alliance with Tiedemann better positions us to assist our current and future clients with their multijurisdictional wealth management needs.”

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