Salt latest manager sold

Alvarium Wealth Management, which also owns Pathfinder, has bought 100% of boutique manager Salt for an undisclosed sum.

The deal increases Alvarium's total assets under advice to more than $4.3 billion.

Alvarium has completed this strategic acquisition to expand its investment platform capabilities, the firm says in a statement.

"The acquisition enhances the firm's existing service architecture and expands its product suite to deliver greater investment diversification and client optionality."

As a specialised financial services firm serving high-net-worth families and individuals, foundations, and next-generation wealth holders, Alvarium delivers bespoke advisory services, alternative investment strategies, and proprietary investment solutions, and through the Pathfinder KiwiSaver Plan and managed fund solutions.  

The integration aligns with Alvarium's boutique positioning while enhancing its institutional capabilities and broadening its investment management platform. 

“Salt has built an exceptional reputation as an active fund manager with robust investment processes and successful track record of style-agnostic investing,” Alvarium Wealth chairman, Shane Edmond says.

“We are looking forward to working with their experienced investment team as we align to further grow these strong funds management businesses and considerable wealth advisory platform.” 

Salt is committed to active fund management and places great emphasis on its rigorous in-house fundamental research. Salt is well known for its innovative products such as the Salt Long Short Fund, the listed Carbon Fund, and the Salt NZ Dividend Appreciation Fund.

"Continuity under the existing investment management teams will ensure preservation of Salt's established investment processes and the managers' proven track record of generating strong risk-adjusted performance for investors."

“Alvarium is an ideal fit for the Salt team," Salt managing director, Matthew Goodson says. "They have a tremendous franchise with their Pathfinder KiwiSaver Plan and funds, with market-leading ESG practices and capability."

Since inception Salt has been wholly owned by its investment personnel, and these individuals will remain co-owners, via equity ownership in Alvarium.  

The Alvarium family of wealth advisers, investment and operations professionals will not change.

On 1 April 2025, Rātā Foundation made a strategic direct investment in Alvarium Wealth/Pathfinder, acquiring a 25% stake in the firm. 

Rātā chief executive Leighton Evans says, “The investment in Alvarium reflects our long-term strategy to grow the capital base of Rātā through direct, values-aligned partnerships. The acquisition of Salt Funds is a natural extension of that strategy—bringing together strong investment capability with a shared commitment to ethical outcomes. This is about more than financial growth; it’s about ensuring our investments reflect the aspirations of the communities we serve and enable us to increase our impact over time."