Calculation tool View your return

Use the Calculation tool and see
the return on your assets

Calculate

Quarterly Bulletin Investment Outlook

An exclusive opportunity to receive
the Wealtheon Investment Outlook

Register

Wealtheon now sets its sights on upper mid-range

6 February 2014, De Tijd

Written by Christophe de Rijcke

Wealtheon’s origins date back to 1971 with GIM Algemeen Vermogensbeheer, founded by Peter Zwart. At the time, establishing an asset management firm with no links of any kind to a bank was a somewhat pioneering move, explains Peter Zwart’s son, Victor, the current CEO at Wealtheon. Father and son founded Wealtheon in 2005 once a non-competition clause had expired. That clause arose from the sale of GIM in 1999 to Insinger de Beaufort (now part of BNP Paribas).

After eight years spent getting properly established – including 18 months working on obtaining an FSMA licence – Wealtheon now has a tidy €350 million under management. ‘Each year, we grow by €30 to 50 million,’ says Victor Zwart. A team of around ten people operates out of the company’s head office in Uccle, six of whom wear three hats: analyst, manager and relationship manager. ‘That way, everyone will be fully informed when talking to clients,’ he points out. Wealtheon also has a branch office in Eindhoven. ‘We’re looking at whether we should be expanding abroad,’ says Victor, who has lived in Belgium since he was six, without losing his Dutch accent.

Expansion has also come in Wealtheon’s type of client base. When it started out, the company focused on assets starting at €1 million. But now this range is being extended to portfolios starting at €250,000. Wealtheon works for these clients in conjunction with the online trading sites Keytrade Bank and Binck. ‘That’s the only way we can keep our management costs to 0.75 per cent per year,’ says Zwart. ‘Including performance fees, clients pay an average of 1 per cent a year in costs.’

In exchange for those fees, Wealtheon manages a portfolio of around ten equity and bond etf’s. The composition of these funds depends on the risk profile selected. This has a dual purpose. ‘First of all our aim is to avoid any significant losses. If we encounter difficult economic times, we are able to wind back our position in equities substantially. As a result, in the crisis year of 2008, we were able to restrict our clients’ losses on their worldwide equity portfolios to 13 per cent, compared with a 39 percent loss for the market.’

Victor Zwart’s second aim is to beat the market. He believes that this is part of the added value provided by a manager. ‘Last year it was touch and go right through to the very last day. But in the end we performed half a percentage point better than the market.’


About Wealtheon


  back

More from this category