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Taaleri to buy Finnish robo-advisor wealth management firm Evervest

BBR Staff Writer Published 04 May 2018

Taaleri Wealth Management has agreed to acquire Finnish robo-advisor wealth management firm, Evervest, for an undisclosed sum.

Established in 2015, Evervest is licensed by the Finnish Financial Supervisory Authority to run as an asset manager.

The company, which is a member of the Investor’s Compensation Fund, uses only UCITS certified Exchange Traded Funds that are regulated and monitored by the European Union.

The acquisition will add Taaleri with functioning digital platform, which will help to extend service offering for customers.

Subject to approval by the Finnish Financial Supervisory Authority, the deal is expected to complete in the first half of this year.

Once the deal concludes, the firm will turn as a fully-owned subsidiary of Taaleri Wealth Management.

Taaleri asset management segment executive vice president Samu Lang said: “Evervest will become an integral part of Taaleri Wealth Management’s future. The new digital distribution channel will be realised under the Taaleri brand.

“The service and its further development has a clear strategic position in the transformation of the wealth management sector, and it complements the conventional meeting-based wealth management.”

Evervest’s CEO Antti Törmänen said: “Taaleri offers the opportunity to be a part of Taaleri’s bigger service offering and, further develop the service at the same time, Together the companies form a unique wealth management service for customers.

Taaleri Group operates three business units, including wealth Management, financing, and energy. It offers services to institutional investors, companies and private individuals.

The group’s operational subsidiaries include Taaleri Wealth Management and its subsidiaries, Taaleri Private Equity Funds Group, Taaleri Investments Group, Taaleri Energia Oy Group and Garantia Insurance.

Additionally, Taaleri has associated firms Fellow Finance that offers peer-to-peer lending services and Ficolo that develops data centers.

As of December 2017, Taaleri is serving 4,400 wealth management customers and €5.6bn worth assets under management.


Image: Taaleri Wealth Management to acquire Finnish firm Evervest. Photo: courtesy of adamr / FreeDigitalPhotos.net.