LONDON–(BUSINESS WIRE)–Dolfin, the agile and independent wealth management platform, has
completed its acquisition of the business of London-based Falcon Private
Wealth Ltd.
The transaction expands and diversifies Dolfin’s client base
considerably, adding around 300 new wealth management accounts to the
business, with an additional $800m of client assets bringing the total
of Dolfin’s client assets to more than $3bn.
The completion of this deal is testimony to the flexibility and
scalability inherent in Dolfin’s platform. Dolfin has the ability to
attract and take on sizable volumes of new business by applying a mix of
investment, operational and technology expertise.
The new client base dovetails well with Dolfin’s existing international
footprint and emerging markets specialism, with concentrations in Asia
(30%), UK/Channel Islands (20%) and Eastern Europe (20%), as well as
Western/Southern Europe (15%) and Middle East/Africa (15%).
With the transaction complete, 14 members of staff have now joined from
Falcon Private Wealth, including several senior wealth managers, further
bolstering the breadth of expertise of the Dolfin team.
Denis Nagy, CEO at Dolfin, said: “The successful completion of this deal
is important for two reasons. Firstly, it adds scale in terms of
high-quality clients and wealth managers, in line with our international
and emerging market strategy. Secondly, it demonstrates the huge appeal
of our platform to demanding private clients and their advisers from
many different parts of the world and – crucially – that, after six
years in business, we have the management and execution capability to
take on substantial new business despite the operational complexity
involved. In my mind, this cements Dolfin’s position as one of London’s
fastest-growing wealth management platforms, the natural partner for
clients and private bankers who want to get things done. We look forward
to welcoming our new team members, and to offering our new clients both
continuity in excellent relationship management and an enhanced range of
services.”
About Dolfin
Dolfin is an independent and agile wealth management platform. We
provide world-class custody, execution and investment management to
private clients, financial advisers and institutional investors.
Founded as a London-based wealth boutique in 2013, today we offer
diversified financial solutions, an international presence, and our own
bespoke technology. Although we now look after more than $3bn of client
assets and handle around $650m of brokerage flow every month, the
commitment that drove us in those early days endures: we think
differently and act faster than most.
Dolfin is the trading name of Dolfin Financial (UK) Ltd, a company
authorised and regulated by the Financial Conduct Authority and
registered in England and Wales. Some of the services described are
provided by Dolfin Asset Services Ltd, a company registered in Malta
authorised and regulated by the Malta Financial Services Authority.
Dolfin Financial (UK) and Dolfin Asset Services Ltd are subsidiaries of
Dolfin Group Ltd, an exempted company organised under the laws of
Bermuda.
Contacts
Dan Henry / Georgie Gold
Phone: +44 20 7426 9436
Email: [email protected]
