International Adviser: Freshly minted Swiss firm

International Adviser
Freshly minted Swiss firm targets US licence

By Robbie Lawther
September 4, 2019

US wealth manager Tiedemann Advisors has partnered with Switzerland-based capital consultancy firm Constantia Partners to set up a financial advisory business in Zurich.

Tiedemann Constantia will offer a range of investment and wealth management services; including impact investing, estate and trust planning, and education to high net worth individuals, families, family offices and foundations across multiple continents.

It will look to serve all Europe, Middle East and African (Emea) clients, as well as international and multi-national clients based in the US, with assets of $25m (£20.5m, €22.7m) or more.

The newly created firm will be led by Robert Weeber, founder of Constantia Partners.

Joining him, will be a team of private bankers from Credit Suisse’s UK international ultra-high net worth unit.

This includes Pierre Bose, chief investment officer, and Gareth Maher, managing director.

Natural location

Weeber told International Adviser: “Zurich stood out as a natural location as it has the advantage of being well regulated and offers a more central location for prospective clients throughout Europe and the Middle East, which is a growing market and important opportunity for the firm.

“Having the ability to offer a Swiss jurisdiction, along with added investment expertise to complement our US team, will allow us to offer improved wealth management solutions to various regions around the world, including locations like Latin America, where we already have a strong client base.”

He said that the firm is “currently regulated in Switzerland” however it is “in the process of getting a US-based Securities and Exchange Commission licence”.

“The goal of the firm in five-to-10 years is to become a preeminent privately-owned partnership with a domicile in Switzerland and domicile in New York,” Weeber added.

Services

Complementing its existing trust jurisdictions, Tiedemann Constantia will offer clients trust services through Tiedemann Trust Company, a US state-chartered trust business located in Delaware.

The firm aims to attract the growing volume of international assets moving to the US out of less-regulated locations in recent years.

At the same time, Tiedemann Constantia will use the US wealth manager’s impact investing offering to engage with a European client base.

“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,” said Michael Tiedemann, co-founder and chief executive of Tiedemann Advisors.

“The trusted relationships that Robert [Weeber] and the Constantia team have developed over their tenure established them as the ideal partner for growing our network across the Atlantic and for broadening our investment capabilities to seek global opportunities.”

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