True Wealth records strong and constant growth

Press Release

Zurich, September 4, 2024

True Wealth continues to record strong and consistent growth and reaches another milestone: the pioneer of digital wealth management managed CHF 1.5 billion in client assets in its direct business as of 31.8.2024. This corresponds to growth of 47 percent within twelve months.

True Wealth, the most successful Swiss fintech founded over 10 years ago, follows an ironclad principle: the costs of wealth management must not stand in the way of returns for clients.

This strategy is paying off: True Wealth records strong and constant growth and reaches another milestone in 2024: the online wealth manager reaches the 1.5 billion mark in client assets under management in its direct business. Client assets under management increased by CHF 481 million within 12 months, which corresponds to growth of 47%. The net inflow of client assets amounted to CHF 365 million, while a positive investment result further boosted growth.

The number of client relationships also increased by 48% in the same period (31.8.2023 to 31.8.2024), from 17’600 to 26’000.

«The steady growth is an expression of the high level of trust in True Wealth as an asset manager,» says Felix Niederer, founder and CEO of True Wealth, explaining the company's sustained success. Innovations in the product portfolio and proximity to clients are further reasons for the strong growth.

The accelerating trend towards drawing Pillar 2 (occupational pension provision) as a lump sum instead of a retirement pension is also making itself felt. «We are taking this as an opportunity to develop practical digital concepts to meet this need. With a remaining life expectancy of over 20 years at the age of 65, online asset management that offers a return on capital with an individually defined capital withdrawal rate is a suitable solution. We now offer a practical payout plan for this client group,» explains Niederer.

True Wealth also reports that the company intends to continue growing its direct business. To this end, it will continue to invest in product innovations on an ongoing basis.

About True Wealth

True Wealth was founded in 2013 by Oliver Herren, co-founder of Digitec Galaxus AG, and Felix Niederer, physicist and portfolio manager. The online platform has consistently automated all modern wealth management processes and offers customers domiciled in Switzerland a low-cost wealth management solution from an investment amount of CHF 8'500 or CHF 1'000 for children's portfolios and Pillar 3a investments.

The annual all-in wealth management fee is 0.25% to 0.50%, depending on the investment amount. The management fee for Pillar 3a is 0%.

True Wealth's investment solution is also used by banks in Switzerland and abroad as a SaaS or software solution as part of B2B cooperations. The client assets managed by the banks are not included in True Wealth's assets under management (AuM); accordingly, the above figures on True Wealth's client assets under management and the number of True Wealth client relationships do not include the B2B business.

Press and interview requests

Contact True Wealth for press and interview requests at press@truewealth.ch.
Press photos, logos and other documents are available for download at https://www.truewealth.ch/press.