This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Zwei Wealth, a financial boutique located in Zurich, has seen a significant surge in demand for its services. This increase is highlighted by a remarkable rise in search volumes and tenders since the start of 2023.
Since the beginning of the year, the firm has recorded a 90 percent increase in request-for-proposal (RfP) business, totaling 787 million Swiss francs. This includes over 5,247 submitted offers and invitations extended to more than 500 providers to present directly to clients.
While there has been a decline in demand for fixed-income mandates compared to the previous year, equity mandates have risen by 45 percent. The distribution of tender volume is as follows:
- Balanced risk profile mandates: 53 percent
- Equity profiles: 36 percent
There is strong interest from various sectors, including pension funds, family offices, and foundations. Wealthy private clients have contributed CHF 435 million in search volume, with an average RfP size of CHF 2 million. The Head of Provider Management at Zwei Wealth has indicated that 2024 will be a crucial year for the firm as it aims to transform the wealth management landscape. The RfP business is enhancing market efficiency, assisting private clients, pension funds, and family offices in identifying the best asset managers.