Half-year report 2022: Against the trend – Colin&Cie grows even in a challenging environment

Wealth manager Colin&Cie continues to grow significantly despite a challenging environment. And this against the trend in the industry.

Thomas Warnecke, CEO of Colin&Cie Group

While the leading wealth management banks in Switzerland presented significantly worse figures across the board in the second quarter (see Finews article of 29 July 2022 Swiss Private Banking: Disenchanted in a Single Week (finews.ch); in German only), wealth manager Colin&Cie is growing against the industry trend even in the current challenging environment.

Colin&Cie's consolidated revenues increased by 12% year-on-year in the first half of 2022 despite negative performance in the financial markets, reported CEO Thomas Warnecke. The performance-related decline in assets under management was largely compensated by the acquisition of new clients and the recruitment of new advisors.

"We are particularly proud that at Colin&Cie, 80% of our advisors were able to report positive growth and increase their client and asset base despite a difficult environment," said Warnecke. "These figures are above the industry average and show that our business and advisory model is in demand in the market. "

Warnecke describes the sustainable and future-oriented corporate strategy, the unconditional pursuit of quality and the value-oriented business model, which is consistently lived both internally and externally, as success factors. "We invest in good years as well as in difficult years. Currently, mainly in new advisors, but also in the areas of risk&compliance, marketing and IT. Thanks to our continuous growth, we have even been able to improve profitability in recent years despite rising costs overall," Warnecke continues. "In addition, the granting of the additionally required FINMA licence as of 7 July 2022 confirms our business model and thus ensures the continued existence of Colin&Cie, which represents further security for clients and employees alike."

The outlook for the company remains positive. Discussions are underway with additional candidates to expand the advisor base and a recovery in the financial markets is expected in 2023.