Wealth Management Partners announced the acquisition of Julius Baer Netherlands

21 Dec Wealth Management Partners announced the acquisition of Julius Baer Netherlands

Wealth Management Partners (“WMP”) has entered into an agreement to acquire the Dutch division of Julius Baer (“JBNL”), the leading Swiss private banking group. The acquisition strengthens WMP’s position as the largest independent Wealth Manager in The Netherlands.

Axeco Corporate Finance is pleased to have advised the shareholders of WMP

Swiss private bank Julius Baer has sold its Dutch division to Wealth Management Partners, one of the largest independent Wealth Managers in The Netherlands.  With the acquisition, WMP strengthens its position in The Netherlands, adding more than EUR 1 billion assets under management. Moreover, nine relation managers make the transition to WMP. By acquiring JBNL, full continuity of services is ensured for its clients who will benefit from continued high service levels and existing product offering by the JBNL organisation. In addition, the JBNL clients will also benefit from WMP’s expertise and independent perspective.

The combination will have EUR 3 billion in assets under management and over 40 professionals to service its clients.

The transaction is expected to close in the second quarter of 2019 and is subject to regulatory approvals.

About Wealth Management Partners N.V.

WMP is a leading Wealth Manager in the Netherlands. WMP was founded in 2004, is independent and fully owned by its partners and employees. Since its inception in 2004, WMP has purely focused on providing wealth management services to (ultra) High Net Worth Individuals and (religious) Foundations. As of December 2018, WMP manages assets amounting to EUR 2 billion.

About Julius Baer Group Ltd

Julius Baer is the leading Swiss private banking group, with a focus on servicing and advising sophisticated private clients and a premium brand in global wealth management. At the end of October 2018, assets under management amounted to CHF 395 billion. Bank Julius Baer & Co. Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss Market Index (SMI), comprising the 20 largest and most liquid Swiss stocks.