LGT Vestra LLP has broken through £10bn of assets under management in just under 10 years from inception in 2007/08.
Launched in the middle of the Global Financial Crisis, LGT Vestra has overcome adversity to become one of the largest privately owned wealth managers in the UK. The firm quickly reached £1 billion of new AuM in October 2009 and since then has compounded assets under management by 26% per annum. In 2017 alone, the firm attracted £2bn of new assets.
In 2016, the original Vestra Wealth formed a partnership with the LGT Group Foundation, wholly owned by the Princely Family of Liechtenstein, and renamed it LGT Vestra LLP. LGT Vestra's private ownership structure enables a long-term approach to managing the business and client portfolios thus avoiding short term market pressures.
David Scott, Chairman LGT Vestra said: "Since inception, our focus has been on ensuring that we meet and exceed our clients' expectations and we have always tried to ensure that our clients enjoy being clients of the firm. In an increasingly commoditised world, we still highly value the personal relationship that we enjoy with our clients. We are deeply indebted to all of our clients, especially those in the early days for entrusting their investment management to us."
Further information about LGT Vestra can be found on: www.lgtvestra.com