The wealth management group, which recently announced the acquisition of another Swiss firm, has reported its latest AuM and inflow figures.

Zurich-headquartered wealth management house Vontobel which operates in a number of jurisdictions, yesterday reported that its assets under management reached SFr227.6 billion ($261 billion) at the end of September, up from SFr206.8 billion at the end of December 2023.

The AuM gain was driven by rising markets since the start of January, SFr2.6 billion of net new money, and the positive impact of foreign exchange moves, which amounted to SFr1.5 billion.

In the private client business, there were SFr3.1 billion in flows, within the firm’s target range of 4 to 6 per cent; institutional client outflows slowed to SFr500 million.

In September, Vontobel said it was to acquire the client book from fellow Swiss firm IHAG Privatbank, which oversees SFr3 billion ($3.53 billion) of client money.

Vontobel has reported a first-half 2024 pre-tax profit of SFr173.3 million, rising 12 per cent on a year earlier.