2018-02-07

Euromoney: INVL Finasta is best in Lithuania for high net worth client services

The 2018 Private Banking and Wealth Management Survey published by the finance magazine Euromoney rates the Invalda INVL group’s wealth management firm INVL Finasta as the best in Lithuania in the category of services for high net worth clients (assets of USD 5 million to USD 30 million). It also rates the company as the overall best provider of private banking services in the country.

The ratings in the survey are for the Invalda INVL group, within which wealth management services are provided by INVL Finasta. The Invalda INVL group is also ranked No. 1 in categories including asset management and investment banking capabilities.

The Euromoney survey asked private banks and wealth managers around the world to rate the firms that they consider to be their top competitors. Altogether, there were more than 2300 participants in the survey, which was conducted from 15 August to 13 October 2017.

“We’re pleased with this recognition of our consistent work to develop wealth management services tailored to the needs of individual clients,” said Asta Muraškaitė, the Director at INVL Finasta. She noted that wealth management is about more than just private banking, i.e. financial services, since it also encompasses advice, on issues such as asset protection and inheritance planning.

INVL Finasta, the financial brokerage firm that took over the wealth management services of Bankas Finasta, has operated since 2015. It is staffed by the employees who made up the bank’s Wealth Management Department.

INVL Finasta is part of the Invalda INVL group, whose companies manage pension and mutual funds, alternative investments, private equity assets, private debt assets, individual portfolios and other financial instruments. More than 185 000 clients in Lithuania and Latvia as well as international investors have entrusted them with over EUR 575 million of assets.