Swiss Life, a leading financial services provider based in Switzerland, has announced the acquisition of ZWEI Wealth, a wealth management advisory firm. The deal, which is effective immediately, aims to enhance Swiss Life’s services for high-net-worth individuals (HNWIs) and institutional clients, although the financial details of the transaction remain confidential.
Founded in 2014 by Klaus Wellershoff and Patrick Muller, ZWEI Wealth operates an open network that collaborates with over 500 banks, asset managers, and wealth managers. The firm manages assets worth CHF 3.5 billion ($3.83 billion) and has achieved double-digit growth in recent years.
The acquisition supports Swiss Life’s strategic goal of increasing investments for private clients by 2027 and positioning wealth management as a core business alongside pension solutions. Swiss Life CEO Roman Stein emphasised that the deal fills a gap in investment services for private clients, which is aligned with the company’s successful advisory approach in other segments.
ZWEI Wealth’s advisory services and brand will continue post-acquisition, with clients supported by around 30 advisors in various Swiss cities. Klaus Wellershoff will stay on as a board member, while Patrick Muller will remain managing director, reporting directly to Roman Stein, who will also become the new chairman of ZWEI Wealth’s board.
The acquisition will enable ZWEI Wealth to continue investing in its technology platform and intensifying customer acquisition, benefiting both its clients and partners. Swiss Life’s wealth management division, launched in 2022, provides integrated advisory and asset management services for private clients, further strengthening its position in the sector.
