Swiss firm targets UK expansion with 50% stake in Lumin Wealth
Swiss firm targets UK expansion with 50% stake in Lumin Wealth VZ Group aims to gain ‘strategic foothold’ in the UK financial advice sector Swiss financial services provider VZ Group has acquired a 50.1% stake in financial advice company Lumin Wealth to gain a “strategic foothold” in the UK financial advice sector. VZ Group said there were “similarities” between the Britain and Switzerland in terms of the savings market. VZ is a Swiss financial services provider headquartered in Zug. Founded by Matthias Reinhart, who holds a majority stake, VZ has been listed on the Swiss Exchange...
Source: portfolio-adviser.com