Formuesforvaltning is the largest privately-owned wealth management firm in the Nordic area. We manage approximately NOK 68 billion on behalf of families, institutions and organizations.
History
At Formuesforvaltning, we take a long-term view with respect to the firm’s relationships and in preserving and developing the wealth of our clients.
We have a local presence across Norway with offices in all major cities, and additional offices in Stockholm, Gothenburg and Malmö serving a growing client base in Sweden. In June of 2014, Formuesforvaltning opened an office in London where a part of the investment team is now based.
With an active presence in London, Formuesforvaltning has strengthened its position as one of the leading Nordic wealth management firms. Formuesforvaltning was established in 2000 and today employs 220 people.
Our core areas of expertise are strategic and dynamic asset allocation, manager selection and relationship management. The capital entrusted to us by our clients is managed by best-in-class third party international, Norwegian and Swedish managers across all asset classes.
Formuesforvaltning has made significant technology investments and can as a result offer tailored wealth management plans and the market’s most comprehensive reporting system.
Regulatory Approval
Formuesforvaltning Aktiv Forvaltning AS is a subsidiary of Formuesforvaltning AS and is licenced by the Financial Supervisory Authority of Norway (Finanstilsynet) to provide the following investment services and activities:
- Reception and transmission of orders in relation to one or more financial instruments
- Execution of orders on behalf of clients
- Portfolio management
- Investment advice
Authorisation to be registered in a Norwegian securities register, register of shareholders and/or unit holder register on behalf of the beneficial owner. The nominee is subject to supervision by the relevant supervisory authority in its home country.
Tied agents:
- Gamlem Invest AS
Ancillary services:
- Safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management and excluding maintaining securities accounts at the top tier level
- Granting credits or loans to an investor to allow him to carry out a transaction in one or more financial instruments, where the firm granting the credit or loan is involved in the transaction
- Advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings
- Foreign exchange services where these are connected to the provision of investment services
- Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments
- Services related to underwriting
Board of directors
Ole Jacob Sunde
Chairman of the Board
Mr. Sunde holds an MBA, and has been educated at the Université de Fribourg (Switzerland) and the Kellogg School of Management, Northwestern University (USA). Mr Sunde founded Formuesforvaltning AS in 2000, and is chairman and the company’s largest shareholder. He established Industrifinans Forvaltning ASA in 1983 and was managing director and main shareholder of the firm until 2000. Previously, he was a consultant at McKinsey & Co. Mr Sunde serves as chairman of the board at Schibsted ASA and the Tinius foundation. He is a member of the board of directors of Her Royal Highness Princess Märtha Louise’s Fund.
Contact: Ole.Jacob.Sunde@formue.no
Petter Neslein
Board member
Mr. Neslein holds an MBA, and has been educated at the Université de Fribourg (Switzerland) and Columbia University (New York). Mr Neslein has been a member of the board of directors of Formuesforvaltning AS since 2003. He has been the managing director and the main shareholder of Pecunia AS since 1985. From 1983 to 1985, he was the managing director of Nevi Invest AS. Previously Mr Neslein was a consultant at The Boston Consulting Group. He serves as a board member at several investment firms.
Harald Mowinckel Troye
Board member
Mr. Mowinckel Troye holds an MBA and BBA from the University of Southern California and University of Wisconsin. He has been a member of the board of directors of Formuesforvaltning AS since 2006. He is currently managing director of Borea Holdings AS. Mr Mowinckel Troye has 19 years of experience from international and Norwegian finance and asset management. Previously, he was finance director of Vesta and he has had managerial positions in asset management organizations such as DnB and Skandia.
Alexander Heiberg
Board member
Mr. Heiberg holds a Master degree cand.jur. at the University of Oslo and experienced lawyer in business and real estate-law. Member of the Board of Directors of Formuesforvaltning AS from 2017. Lead of Formuesforvaltnings legal and business services since 2012. Head of Formuesforvaltning Family Office from 2016.
Liv Elise Saue Tøftum
Board member
Mrs. Tøftum holds an MS in Industrial Engineering from NTNU in Trondheim and University of Leipzig. Current Director of Analysis and Personalized Customer Relationships in Telenor Norway, former Director of Strategy. Consultant in Boston Consulting Group from 2005 to 2016. Board member of Formuesforvaltning AS since 2018.
Formuesforvaltning believes a local presence strengthens the client relationship. To this end, we maintain local offices throughout Norway and Sweden, and are present in London.
