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Home » Business News, News in Brief

Geneva Management Group launches new model for wealth management…

Submitted by on October 20, 2017 – 7:30 am |


Dave ElzasGeneva, 9 October 2017 – In recent years,  the overzealous way in which certain banks apply their compliance practices, coupled with the pending regulation of independent asset managers in Switzerland is making private banks step awat from what they often arbitrarily consider “risk markets”. This leads to private bankers as well as independent asset managers finding it difficult to have their legitimate clients onboarded by their financial institution(s). With this in mind, the Geneva Management Group (GMG) today introduces its new, robust and compliant Investment Management Solutions (IMS) platform – which is set to become a game changer to the traditional private banker’s career opportunities.

“Our revolutionary IMS platform is a disrupter model for private bankers and wealth management professionals, who are considering an independent career.  A number of features puts GMG ahead of the pack. We have developed a comprehensive combination of cutting-edge, web-based multi-banking financial consolidation and management technology with access to in-house expertise. This is coupled with a true unbiased open architecture to research, products and in-house expertise. Furthermore, the breadth of the GMG business lines offers our independent wealth managers a range of services, tools and solutions that are in high demand with HNWIs & UHNWIs – solutions that traditional banks simply no longer provide,” says Dave Elzas, co-founder and CEO of GMG.

He adds that IMS allows private bankers to work as individual entrepreneurs yet earn materially more than they could at banks – but without losing access to institutional infrastructure and support.

“Over and above the IMS platform, GMG also offers its investment management professionals support services, such as compliance and professional development. These professionals can also tap into the wide range of business lines we offer, such as tax advisory, life insurance, direct real estate investment opportunities and trade finance options,” he adds.

Elzas emphasises that as part of the Geneva Management Group, IMS heralds an entirely new, client-focused model for private banking for HNWIs and UHNWIs.

The entrepreneurial spirit is a defining characteristic of GMG, which was founded in 2000 by entrepreneurs who continue to have a single-minded focus on offering objective and expert advice to clients, and acting with absolute integrity. GMG has grown to become a force for innovative transformation in the industry.

“HNW & UHNW clients also stand to benefit from IMS, not only through a competitive fee stucture but also in knowing that their private banker has the time and backing from GMG, to unbiasedly focus solely on structuring and managing their capital, wealth and investments in their best interests,” says Elzas.


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