Blackshield Capital

What Blackshield Capital does

Blackshield Capital is a privately held group of wealth management companies founded in 2016 and headquartered in Zurich (Bahnhofstrasse 10), with additional offices in Kyiv and operating entities in Dubai (IN9) and the UK (Blackshield Financial Advisers Group LTD). The group targets two customer segments: high-net-worth individuals as the primary audience, and financial intermediaries — financial advisors and multi-family offices — as a secondary audience. Its core service offering is bespoke wealth management, in which it designs tailored strategies to protect, preserve, and grow client assets, supported by a Research & Analytics practice that produces objective, sector-focused research across growth-stage companies.

The business model is fee-based and relationship-led: revenue derives from advisory mandates and recurring research/analytics relationships rather than disclosed product commissions or transactional fees. Distribution runs through direct client engagement plus a curated network of tier-1 banking partners (Rothschild, UBS, Credit Suisse, EFG, Julius Baer, Morgan Stanley, Citibank, FAB, DBS, Bank of Singapore) used for custody, execution, and referrals. The group employs 51–100 staff, has no disclosed funding rounds or institutional investors, and is led by founder Max Koretskiy, who has extended the group's reach via the 11:FS Holdings vehicle's acquisition of UK-regulated Amana Financial Services UK Limited.

Technology and AI are not disclosed as core differentiators: the firm's edge is positioned around financial-market expertise and bespoke advisory, with no proprietary platform, AI/ML capabilities, patents, or APIs identified in the available material. The company markets itself through thought-leadership content (featured in EURACTIV, Liga.net, Aargauer Zeitung, NV.ua) and an active multi-channel social presence (LinkedIn, Facebook, Instagram, YouTube, Telegram, newsletter).

Name

Blackshield Capital

Legal name

Blackshield Financial Advisers Group LTD

Website

https://blackshield.capital

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Blackshield Capital is a private, Zurich-headquartered wealth management group founded in 2016, serving high-net-worth individuals and financial intermediaries across Europe, the Middle East, and South Asia with bespoke advisory services and sector-focused research, supported by tier-1 banking partnerships and Dubai and UK operating entities.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Investment Activities (5239), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Private Banking Advisory & Discretionary Portfolio Management (FSABADAD)

akta.pro secondary industry

Private Banking Cross-Border & International Wealth Services (FSABADAL)

Keywords

• Wealth management
• Investment advisory
• Portfolio management
• Financial research
• Private banking

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Wealth Management Services: Bespoke wealth management strategies tailored to high-net-worth individuals, providing customized approaches to protect, preserve, and increase client wealth.
2. Research & Analytics: Quality content and objective research across covered sectors, generating differentiated insights for clients seeking market edge.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Blackshield Capital provides bespoke wealth management strategies and data-driven research and analytics for high-net-worth individuals and financial intermediaries. The firm designs flexible investment roadmaps aligned with client priorities and produces objective sector research with deep expertise in growth-stage companies. Operations span Zurich, Kyiv, and Dubai via entities including Blackshield Capital AG and IN9.

Product overview

Blackshield Capital is a group of companies focused on meeting the needs of high-net-worth individuals and financial intermediaries (such as financial advisors and multi-family offices). The group offers customized wealth management services and data-driven insights through its core service offerings: Wealth Management (providing bespoke wealth management strategies) and Research & Analytics (producing quality content and objective research). The group has notable operations including IN9 in Dubai and Blackshield Capital AG in Zurich, demonstrating its expanding and diverse global presence across Europe, the Middle East, and South Asia.

Differentiator

Problem solved

Functional benefit

Brands

• IN9: Trading operations in Dubai, part of Blackshield Group's Middle East presence

Products and services

• Wealth Management

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• 11:FS HoldingscoreStrategic or Co-development Partner · 5 April 2026Blackshield Capital founder Max Koretskiy partnered with 11:FS Group CEO David Brear to form 11:FS Holdings, which acquired Amana Financial Services UK Limited from UAE-based CFDs broker Amana and its operator 180 Capital. This represents a strategic investment/partnership in the financial services sector.
• IN9coreStrategic or Co-development PartnerIN9 is a notable operation under Blackshield Group, based in Dubai, demonstrating the company's expanding and diverse global presence across Europe, Middle East, and South Asia.
• Banking Partner NetworkminorOthersBlackshield Capital maintains relationships with a network of banking partners including Rothschild, UBS, Credit Suisse, EFG, Julius Baer, Morgan Stanley, Citibank, FAB, DBS, and Bank of Singapore to support their wealth management services.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Direct peers

• Rothschild & Co Wealth & Asset Management: Global advisory-led wealth manager serving HNW families with bespoke investment and cross-border structuring solutions; named banking partner of Blackshield and a like-for-like HNW advisory peer.
• Coutts: UK-headquartered private bank (part of NatWest Group) serving HNW and UHNW clients with bespoke wealth advisory; comparable as an intermediary-channel-friendly wealth manager operating in a similar bespoke mandate model.
• Lombard Odier: Swiss private bank with strong international wealth management and family advisory franchise; comparable as a Zurich/Geneva-based boutique offering bespoke HNW advisory and discretionary portfolio services.
• Pictet Group: Geneva-headquartered private bank and asset manager with bespoke wealth management for HNW families; closely comparable given boutique positioning, Swiss base, and focus on discretionary and advisory mandates.
• Vontobel Wealth Management: Swiss wealth and asset manager offering discretionary and advisory mandates to HNW clients; comparable as a Zurich-rooted boutique serving the same cross-border HNW client base.
• EFG Bank: Swiss private banking group offering discretionary portfolio management and cross-border wealth advisory to HNW clients; named banking partner of Blackshield and direct peer in the same target segment.
• Julius Bär: Swiss-headquartered private bank focused on discretionary and advisory wealth management for HNW individuals; one of Blackshield's named banking partners and a direct competitor in the Zurich wealth corridor.

Broad incumbents

• Morgan Stanley Wealth Management: Global wealth manager with extensive advisor network and discretionary capabilities; named banking partner of Blackshield and a competitor for HNW clients, though operating at much larger scale.
• UBS Global Wealth Management: The world's largest wealth manager serving HNW and UHNW clients globally with cross-border capabilities; directly comparable as a primary competitor and one of Blackshield's named banking partners.

Regional players

• Bank of Singapore (OCBC): Asia-focused private bank serving HNW clients across South and Southeast Asia; named banking partner of Blackshield and relevant regional peer given Blackshield's stated South Asia operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@blackshieldcapitalag
• Facebookfacebook.com/BlackshieldCapital
• LinkedInlinkedin.com/company/blackshield-capital
• Instagraminstagram.com/blackshield.capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blackshield Capital