On February 18, 2019, Dolfin Financial (UK) Ltd. announced it will acquire Falcon Private Wealth Ltd., a subsidiary of Falcon Private Bank.
Under the terms of the agreement, Dolfin Financial (UK) Ltd. (“Dolfin”) will acquire the assets of Falcon Private Wealth Ltd., a subsidiary of Falcon Private Bank Ltd. (“Falcon”). With this transaction, Dolfin will add approximately $1 billion in client assets. Falcon will continue to provide custodian services and current clients will be able to retain their current custody and fee arrangements. To help ensure continuity for clients, Dolfin will retain a number of the current Falcon staff who will continue in their current roles. The transaction is expected to close in May 2019 at the latest. Further terms of the deal were not disclosed.
Falcon is a Swiss-based bank that provides private banking and wealth management services to high net worth individuals and investment companies. Its wholly-owned subsidiary, Falcon Private Wealth is an international wealth management firm based in London.
Dolfin is a London-based wealth boutique with more than $2.1 billion in client assets and $650 million of brokerage flow every month that provides investment account, multi-asset execution and asset management services.
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