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Helvetia Wealth acquires two UK asset management firms

Helvetia Wealth has bought Glasgow-based City Gate Money Managers Limited and a controlling stake in London-based TAM Asset Management for an undisclosed sum.

These acquisitions bring the firm’s assets under management to more than CHF 1bn and add over 25 finance professionals to the team.

Helvetia Wealth chief executive Guy van der Walt says: “We anticipate growing our UK business by streamlining processes to provide clients access to Swiss wealth management services. In addition, TAM’s London Stock Exchange brokerage license allows us to execute trades faster and achieve better margins for our clients.”

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