The wealth management house, serving clients such as wealthy families, has reported a generally strong set of results for 2014, it said yesterday.

Liechtenstein-headquartered wealth management group Kaiser Partner has reported a rise in “consolidated turnover” of 4 per cent for 2014 from a year earlier, while its operating result – earnings before interest and tax – rose 40 per cent over the same period.

The group's private bank logged a year-on-year profit rise of 23 per cent, at SFr2.6 million (around $2.8 million). Gross income increased by 10 per cent to SFr16.4 million, while costs rose by 11 per cent to SFr13.1 million owing to investment in a new IT platform.

The new Avaloq IT system, which Kaiser Partner Privatbank installed in collaboration with its partner B-Source, went live on 1 January 2015, it said in a statement yesterday.

Private banking client assets under management rose by 17 per cent to SFr2.4 billion in 2014, with an inflow of SFr250 million of net new client money.

Kaiser Partner had a tier one equity ratio of 19 per cent.

The privately owned group brings together companies including Präsidial-Anstalt, which is one of Liechtenstein's oldest trustee companies, Kaiser Partner Private Bank, a family office for wealthy families, an investment advisor registered with the US Securities and Exchange Commission, as well as other financial advisory and services companies.

At the end of 2014 Kaiser Partner employed around 200 people at its offices in Vaduz and Zollikon-Zurich. In total, the group looks after assets of around SFr25 billion. Its customers come from 20 different countries.

"Our good results give us an appetite for more. For 2015 and subsequent years we believe there are growth opportunities in the expansion of our family office and our advisory service for families with medium to large wealth. In order to accelerate our growth, we invite outstanding teams with the full-range of wealth advisory skills to join our group as partners," Fritz Kaiser, executive chairman of Kaiser Partner, said in a statement.