Former UBS Business has Commenced Business as Crestone Holdings
The acquisition of UBS Wealth Management has finally been completed and the new business has officially commenced operations. The new entity born out of the buyout will now be known as Crestone Holdings and it will have AUD14 billion of assets under management. Crestone will provide wealth advice and portfolio management services to high net worth clients, family offices, not for profit organization and financial institutions.
“The new entity born out of the buyout will now be known as Crestone Holdings and it will have AUD14 billion of assets under management.”
~Australia Financial Review
Crestone’s investment approach draws on its heritage from the world’s largest wealth management firm and the relationships our team have built up over many years of operating in Australia. UBS will continue to provide Crestone with securities execution, clearing and settlement, research, access to capital markets deals and managed funds.
Crestone Wealth Management provides wealth advice and portfolio management services to high net worth clients and family offices, not for profit organisations and financial institutions. It was created from the acquisition of UBS Wealth Management Australia—a company with an 80-year heritage and more than $14 billion of client assets under management.
Crestone has 170 employees, including over 70 investment advisers who have worked together for an average of 10 years. It has offices in Brisbane, Melbourne and Sydney.
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