Validus Wealth, a wealth management firm, on Thursday said it has sold a substantial majority stake to LGT, a private banking and asset management group owned by the princely family of Liechtenstein. The value of the transaction and the size of stake purchased by LGT were not disclosed. Validus was earlier known as WGC Wealth when it was promoted by Wadhawan Global Capital, which is also the promoter of troubled Dewan Housing Finance Corp. Ltd (DHFL). Validus was recently bought out by its employees, resulting in its new avatar. Post the deal, the remaining stake in Validus will be held by its current management team.