2 days ago
Everest Wealth expands into Cape Town as investment surges
Everest Wealth has officially opened its doors in Cape Town, marking a major milestone in the company's national expansion strategy and tapping into the Western Cape's booming investment landscape. The move comes as billions of rands continue to flow into the region, driven by investor confidence, high-net-worth migration, and a growing appetite for alternative wealth solutions.
The financial services group, known for its personalised approach to private wealth management and alternative investments, says the new office is more than just a physical expansion — it is a strategic foothold in a key economic corridor.
'Cape Town represents a vital and strategic growth market for Everest Wealth,' said Jarryd Gillmer, Group Chief Executive Officer of Everest Wealth. 'As one of South Africa's economic powerhouses, the Western Cape has seen a significant increase in financial advisors distributing our funds. This office allows us to support them more directly, while delivering on-the-ground service to a sophisticated and growing client base.'
The Western Cape continues to attract substantial private capital, with investors drawn to its infrastructure, stability, and growing financial advisory ecosystem. Everest Wealth's decision to expand into the region aligns with this surge, and the firm has hinted at plans to further its presence by opening a second Western Cape office in George.
The Cape Town branch will offer Everest Wealth's full suite of services, including bespoke retirement strategies, estate planning, and private wealth advisory. Gillmer noted the regional preference for 'highly personalised, relationship-based service,' and said the local team has been handpicked to reflect that ethos. Additionally, the company has formed strategic partnerships and joint ventures specific to the region.
The launch is expected to create several new positions in administration, operations, and advisory services. 'This isn't just about growth; it's about impact,' said Gillmer. 'We're committed to building infrastructure that supports both client needs and community development. Our vision is deeply rooted in empowerment.'
Unlike traditional institutions, Everest Wealth positions itself as a boutique player focused on personalised solutions rather than one-size-fits-all models. The company leverages carefully structured alternative investment offerings to generate sustainable growth while managing risk.
With talks underway to expand into Mauritius and Namibia, Everest Wealth's pan-African ambitions are also gaining traction. Gillmer confirmed that both territories are part of the firm's short-term expansion goals, adding that a broader African footprint is central to Everest Wealth's vision of becoming a trusted investment partner across the continent.
'This latest expansion is a clear signal of our long-term ambition to deliver high-quality, accessible investment solutions to clients wherever they are,' Gillmer said. 'Cape Town is just the beginning of a much larger journey.'
