The enterprise is backed by London-based private equity firm Pollen Street Capital. 

Zurich-headquartered wealthtech firm Etops is joining a group which is consolidating the European wealth and asset management software market.

Etops serves about 100 clients across the wealth and asset management sectors through its "topsOS" platform. The modular suite offers solutions for data consolidation, portfolio management, CRM, and reporting.

Etops is joining the group – formed in December 2023 and backed by Pollen Street Capital – immediately. The combined group is a European consolidator for wealth and asset management software which has still to be named, Etops said in a statement. With a total headcount of over 300 staff, it serves more than 550 clients involved in financial services, including banks, wealth and asset managers, financial advisors, and insurance firms in Germany, Switzerland and other continental European markets. 

Besides Etops, the consolidator group includes businesses such as Fundsaccess, Fundhero as well as Patronas and DSER (both through niiio finance group). Its modular, end-to-end technology solutions, which span the wealth and asset management value chain, enables its clients to enhance their customer experience and digitise and optimise their core processes. The terms of the transaction will not be disclosed. The group will get its name by the end of this year, the firm added. 

Pius Stucki, founder of Etops, will remain CEO of the company. “The whole Etops team is delighted to join the group of wealthtech companies backed by Pollen Street. Together, we have a fantastic opportunity to capitalise on a significant market opportunity in the DACH region,” Stucki said.

David Dawson, partner at Pollen Street added: "Pius and his team have built a strong, client-centric business with excellent products and culture, which will greatly enhance the overall growth story of our wealthtech group. This combination marks an excellent beginning, and we look forward to supporting its continued organic growth and pursuing further strategic M&A."

Etops also recently inked a partnership with Polixis, a RegTech and advisory firm that offers a blend of human expertise with machine intelligence and big data. See more commentary here. Founded in 2010, Etops enhances efficiency and transparency by providing technology and operations services, empowering financial institutions to optimise their operations and employ AI-based intelligence.

Pollen Street manages more than £4.5 billion ($5.7 billion) assets under management across private equity and credit strategies on behalf of investors, including public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. It has offices in London and New York City.