The client using the WealthArc system is an example of the kind of Swiss EAM that is being put under a new regulatory regime.

WealthArc, a Swiss provider of automated portfolio management systems for wealth managers, has won a deal to serve Lugano-based firm Eleutheria Wealth. The move follows WealthArc's opening of a new branch in Geneva.

Eleutheria Wealth is the kind of external asset management house in Switzerland that is coming more into the limelight following new regulations affecting the sector. (See this report by WealthBriefing about the industry.)

The wealth management firm has a strong bias towards environmental, social and governance (ESG)-driven investments. 

“Eleutheria Wealth is another company using WealhArc based in Ticino,” says Chris Gogol, co-founder and chief executive of WealthArc. "Moreover, we are speaking with other external wealth managers from this region as we see huge potential in Ticino.”

Ticino is yet another Swiss region in which WealthArc is expanding its operations. Besides its new Geneva offices, WealthArc has offices in Zurich and Warsaw, where its research and development team works.

Offered in the software-as-a-service model, WealthArc’s platform automates portfolio consolidation from various custodian banks, trading as well as compliance in areas such as client relationship management. It employs a total of more than 40 personnel.