VZ Holding AG: VZ Group acquires stake in London-based financial advisory firm
May 18, 2021 at 12:48 am EDT
Share
EQS Group-Ad-hoc: VZ Holding AG / Key word(s): Investment
VZ Holding AG: VZ Group acquires stake in London-based financial advisory firm
18-May-2021 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
Press release
Source: VZ Holding AG / SIX: VZN / ISIN: CH0528751586
VZ Group acquires stake in London-based financial advisory firm
Zug, 18 May 2021 - VZ Holding Ltd acquires a stake in an independent British advisory firm in London, which also specialises in financial advice and asset management. This marks VZ Group's entry into the UK market as announced.
Lumin Wealth is an Independent Financial Advisor (IFA). Like VZ Group, Lumin offers fee-based independent advice. The company was founded in 2010, employs around 40 experts and primarily operates in the North London area. VZ Holding Ltd is taking a 50.1 percent stake in Lumin Group Ltd with the aim of acquiring the remaining shares in five years. Lumin's management is committed to develop the company further together with their new partners.
For the time being, this participation will not have a significant impact on VZ Group's revenues and profit. CEO Matthias Reinhart sees the partnership as an ideal springboard to enter the British market: «We have come to know Lumin as a competent and trustworthy provider who, like us, focuses on transparency and professionalism. I am convinced that all stakeholders will benefit from this cooperation.»
«We couldn't ask for a better partner than VZ Group,» says Martin Cotter, one of Lumin's two managing directors. «Their track record is impressive, and their long-term focus combined with their financial strength are a great opportunity for us. Together we can serve our clients even better and also bring additional IFAs on board.»
Contacts
Adriano Pavone
Petra Märk
Head Media Communications
Head Investor Relations
Phone +41 44 207 25 22
Phone +41 44 207 26 32
Mail adriano.pavone@vzch.com
Mail petra.maerk@vzch.com
VZ Group
VZ is an independent Swiss financial service company, and VZ Holding Ltd's shares are listed on the SIX Swiss Exchange. Asset management, pension and estate planning for individuals as well as insurance and pension fund management for companies are VZ Group's core services. VZ Holding is headquartered in Zug, and VZ has 34 branch offices throughout Switzerland and Germany.
Forward-looking statements
This press release contains forward-looking statements that involve known and unknown risks, uncertainties or other factors that may cause the actual results to be materially different from any future results, performance, or achievements expressed or implied by such statements. Against the background of these uncertainties, readers should not rely on such forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.
VZ Holding AG is a Switzerland-based holding company engaged in the provision of financial advisory services. It advises individuals and companies on various aspects of investment, mortgage, tax, insurance, retirement and estate planning. The Company operates two business segments: private client segment and corporate client segment. The private client segment focuses on financial consulting and wealth management services, as well as banking services, aimed at wealthy private individuals aged 50 or over. The corporate client segment focuses on the consultancy activities relating to benefit planning, insurance and risk management, as well as cooperates within a framework of an insurance management mandate. The key service in this segment is the administration of pension fund solutions, as well as managing pension funds. The Company operates through wholly owned subsidiaries in Switzerland and Germany, as well as through a minority owned subsidiary Frueh & Partner Vermoegensverwalt AG.
VZ HOLDING AG 
