News in Numbers

Edmond de Rothschild has registered a 12% increase in its assets under management (AUM), reaching CHF184bn ($204.01bn) in 2024.  The Swiss financial services firm attributed this growth to “strong” inflows.  

German prosecutors have fined DWS €25m ($27m) for greenwashing. The Frankfurt state prosecutor’s office stated that DWS’ claims of being an ESG “leader”  did not match reality.

LPL Financial Holdings has reached a definitive agreement to acquire Commonwealth Financial Network in a deal valued at around $2.7bn. The deal is slated for completion in the second half of 2025. 

Quintet Private Bank has reported an increase in its net profit for the full-year of 2024, with figures reaching €68m ($73.3m), a 45% rise from €46.9m ($50.5m) in 2023. This marks the bank’s third straight year of “profitability growth”. 

Firenze, a fast-growing fintech firm, has secured £2.5m ($3.2m) in funding to expand access to Lombard lending beyond the ultra-wealthy. The investment was led by Outward VC, which has previously backed Curve, PrimaryBid, and Vauban.