LGT, an international private banking and asset management group owned by the Princely House of Liechtenstein, has agreed to acquire a strategic minority stake in the Germany-based digital wealth manager LIQID.
In the future, LGT will contribute to the development of LIQID’s investment strategy for its wealth management offering, thus making LGT’s investment expertise available to LIQID clients.
As part of the agreement with LIQID, LGT will contribute to the development of the investment strategy for LIQID Wealth clients.
The LIQID Wealth offering is available to private investors investing EUR 100 000 or more and offers comprehensive investment strategies in traditional asset classes.
Since the company’s launch in the fall of 2016, LIQID has provided affluent private investors access to professional wealth management investment solutions and to private equity, venture capital and real estate investments through its digital platform.
In early 2021, LIQID reported that it’s client assets reached the EUR 1 billion mark.
The transaction will be completed as soon as the necessary approvals have been obtained from the supervisory authorities.
Christian Schneider-Sickert
Christian Schneider-Sickert, CEO and founder of LIQID said,
“With its focus on sustainability and entrepreneurship, LGT ideally complements our ambitions and values.
Together with LGT, I look forward to developing LIQID into Europe’s leading provider of digital private banking.”
H.S.H. Prince Max von und zu Liechtenstein
H.S.H. Prince Max von und zu Liechtenstein, Chairman of LGT said,
“We are delighted to be supporting LIQID in its ongoing expansion and also expect this to provide impetus for the further digitalization of our own services.
The collaboration with LIQID will enable a broader segment of private investors in Germany to access LGT’s investment expertise.”
Featured image credit: LGT Bank
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