Swiss wealth manager Reuss Private, German consulting and systems integration company BN & Partners and Fondsnet, a Germany-headquartered fund and insurance platform, have teamed up to launch Reuss Private Group, an alliance of specialist providers offering products and services for professional asset managers, family offices and private investors.

The group works with more than 2,000 independent financial services providers acting as distribution partners, managing assets of over SFr4 billion ($3.8 billion), the new group said in a statement.

Former chief executive of UBS Global Wealth Management Raoul Weil has worked as an advisor in bringing the three firms together and will continue to advise the new group, Reuss Private Group told this publication.

Reuss Private Group offers partners and clients access to a large number of different product providers and banks.

Its business will focus primarily on Switzerland and Germany. The group also has a licence for the distribution of investment products in the EU.

Reuss Private Group is headquartered in Pfäffikon, in the Swiss canton of Schwyz. It is managed in partnership by the owners of the companies involved. Chair of the board of directors is Klaudia Scheidt, the chief executive of Fondsnet.