Based on our research, one of Clermont's strengths is that it is an independently owned company and therefore, it can freely offer its services to its customers without any restrictions. It is free from the restrictions or inhibition of "commercial or prescribed institutional alliances." Recently, Clermont has acquired DeltaCap which is an opportunity for the company to expand and complement its business in countries including Switzerland, the UK, the British Virgin Islands, Cyprus, and the United States. However, the changing nature of the global wealth management business can be considered a potential threat to the company.
SWOT Analysis of Clermont
- Clermont is "an owner-managed fiduciary services business providing bespoke wealth solutions for families, investors, institutions and entrepreneur".
- As an independent entity, the company can freely offer its services as it is free from the restrictions or inhibition of "commercial or prescribed institutional alliances".
- According to the company, they are client-focused and always strive to provide pragmatic, useful and cost-saving solutions to their clients.
- This client-focused approach has led them to grow significantly starting 2012 from a company of just 13 employees and increase its size to 50 full-time staff members currently. They purely rely on positive word-of-mouth publicly.
- Even after having an expert professional team, the company does not offer formal legal or tax advice and instead for its customers, the company is focused on providing "intelligent, informed and well considered solutions".
- Based on a press release from The Guardian 2017, Clermont Trust (Switzerland) SA owns three other properties including Cornwall Terrace, London and two Cornwall Terrace Mews.
- The controversial property mogul Christian's London family home which is a large property at Cornwall Terrace has been transferred to Clermont Trust in December 2016 for just over £39 million according to a land registry entry from December 2016.
- Clermont also acquired two associated houses at Cornwall Terrace Mews. One was acquired for £2 million, and the other, for £1.2 million.
- According to Martin Chesler, Group CEO at Clermont Trust, he is proud of the culture and team at Clermont and according to Chesler, the company has almost no staff turnover.
- According to Clermont's website, they are an independent entity and focus mainly on relationship. The company is associated with and offering services to over 20 countries' clients.
- In place of simply providing the available solutions, the company has a different approach to first listen to its customers to ensure they can offer pragmatic and useful information. This helps their clients to save their time and produce first-class results.
- The company recorded a decrease in revenue in 2018, after Q2.
- In Q2 2018, Clermont's revenue was recorded to be $7 million. However, in Q3 2018, the company's revenue decreased to reach $4.8 million and then to $4 million in Q4 2018.
- Later in 2019, the company recovered a little and reached $5.2 million in Q1 2019. But in Q2 2019, again, the company's revenue decreased to $4.8 million. As of Q3 2019, Clermont's revenue is reported to be $5.2 million.
- While comparing the market opportunities where the market is expected to grow due to the significant effect of market growth drivers, Clermont experienced a reduction in revenues between 2018 and 2019 which could be considered as its weakness.
- On September 10, 2019, Clermont has acquired Delta Cap Ltd (“DeltaCap”). This acquisition will be helpful for Clermont in the future to expand and complement its existing presence in countries including Switzerland, the UK, the British Virgin Islands, Cyprus, and the United States, and will include "DeltaCap’s home jurisdiction of Mauritius."
- In the future, the Financial Services Commission of Mauritius and DeltaCap will trade as "Clermont Consultants (MU) Ltd ('Clermont Mauritius')".
- According to Martin Chesler, Group CEO of Clermont, the Mauritius IFC is crucial for the company specially in the African region and beyond. Its existence is increasingly relevant to the company and its clients.
- He has confidence that the addition of Clermont Mauritius will be valuable for Clermont. It will enhance Clermont's global offering.
- As the global wealth management market is expected to grow at high growth rates between 2018 and 2022, Clermont being a company in the wealth management market will have the opportunity to expand and grow in the future.
- Various growth drivers of the global wealth management market include an increase in high net worth individuals (HNWIs) population, building global GDP, a rise in the urban population in the world, and others.
- As Clermont operates in the fiduciary services business by providing "bespoke wealth solutions" to its customers, this industry is prone to rapid changes.
- Although the company had successfully adopted those changes, it may affect the company's success in the future.
- Considered as some challenges in the global wealth management market is that the market is resistant to accept technology in wealth management, stringent regulations, and others. These challenges are likely to negatively affect the company's growth. Therefore, operating in the same market, the Clermont will face similar challenges as threats to its growth.
While there were no sources providing a precompiled SWOT report of Clermont, we decided to use the company's website and press releases to identify its strengths, weaknesses, opportunities, and threats. Using these sources, we were able to identify its strengths, opportunities, and some of its threats, but we could not find anything in relation to the weaknesses of the company. Therefore, we decided to look for the market reports as Clermont is into the wealth management market. For its weaknesses, we tried to search if any of these reports have mentioned the competitive market, weakness of the market, etc. But nothing was found as the weakness of Clermont or its business. We only found that the market challenges as the threats for the company.
Later, for weaknesses, we looked for the annual reports if these could provide any information on losses, or any failed decisions, etc. that the company had made in the past. But unfortunately, we could not find any of the annual reports or financial reports of Clermont. This could be due to the reason that the company has not disclosed its financial reports in public. We also tried to look for any failed decisions that the company might have made in the past through press releases or other media articles. But again no success. This search resulted in checking Clermont's profile on LinkedIn, Twitter, RocketReach, and the company's website. We also found reports on the "Stewardship and Status of Virginia’s State-Owned Historic Property" and some other articles, but no sources could provide information on weaknesses of the company such as the losses, failure, etc. as compared to its competitors, etc.
Then we decided to look through the company's social media pages such as LinkedIn and Twitter if we could find anything relevant as the weakness of the company compared to its competitors. While looking through these sources, we have noted some strengths and opportunities but none of the weaknesses or any loss, failure, etc. were found to be mentioned in these sources.
Although the above-mentioned strategies were not successful in identifying the weaknesses of Clermont, we decided to triangulate this information based on its profile on ZoomInfo. In the absence of any publicly available company released annual report, through ZoomInfo, we were able to find the company's revenue over a period from Q2 2018 up to Q3 2019. This source indicated that the company incurred some losses in 2018, after Q2 2018 as stated under the "Weaknesses" section. While comparing with the market opportunities where the market is expected to grow due to the significant effect of market growth drivers, Clermont has made some losses which could be considered as its weakness.
Therefore, in absence of any other direct information on failure, losses as compared to its competitors etc. for Clermont, we have inferred some revenue data obtained from ZoomInfo to report as the weakness of the company.