Market view e Insights
LGT 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.
LGT has agreed to acquire a strategic minority stake in LIQID. 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's client assets reached the EUR 1 billion mark, making it one of Germany's largest digital wealth managers. The transaction will be completed as soon as the necessary approvals have been obtained from the supervisory authorities.
Christian Schneider-Sickert, CEO and founder of LIQID: "We are delighted that LGT is now part of our group of investors. Our ambition is to provide discerning private investors with unique access to outstanding investment solutions that were previously unavailable to them. LGT is not only a benchmark in private banking and asset management, but also an established investor in growth companies. 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."
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.
H.S.H. Prince Max von und zu Liechtenstein, Chairman LGT: "LIQID has an impressive track record of growth, and we are convinced that the provision of professional investment expertise in a digital format - in combination with LIQID’s dedicated client focus and commitment to quality - constitute a promising business model. 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."
Media Release: LGT acquires stake in digital wealth manager LIQID