Julius Baer Gruppe reported that assets under management hit 528 billion Swiss francs ($671.16 billion) by April‑30, a 1 % rise from the start of the year. Net new money inflows of 3 billion francs and a rally in equities powered the growth. The Swiss private‑banking group flagged a slowdown in client activity after an energetic first quarter today.

The bank cited a revised risk framework and Middle East tensions as reasons for the deceleration in net new money flows. Activity‑driven income, which surged in the first quarter, eased in April. Julius Baer cautions that the early momentum is unlikely to return to the high levels seen in Q1, signalling a more cautious client base in the current climate.

With client activity slowing, Julius Baer’s revenue outlook for the remainder of the year tightens. The 1 % AUM increase masks a broader trend of flattening inflows across the private‑banking sector. Investors watching the firm must assess how the firm’s risk adjustments and geopolitical risks will shape its fee‑income trajectory in the coming months. This slowdown may prompt clients to reconsider fee structures and portfolio allocations.