Four Liechtenstein asset management banks among the best
23 November 2022 10:05
When it comes to investing assets, Liechtenstein “is a great alternative outside the eurozone,” Fuchs | Richter Prüfinstanz from Berlin writes about its TOPS 2023 rankings. In a press release, it noted that LGT Bank and the Liechtensteinische Landesbank “proved to be top dogs consistently offering good and very good services”. In the rankings of the whole German-speaking region, they were placed sixth and ninth, respectively.
The fact that Kaiser Partner is seventh and therefore just one point behind LGT Bank is highlighted as surprising by the publisher of the famous Fuchsbriefe test. A young, dynamic team have now taken the helm, striving to lead the bank into the prime segment. Neue Bank is ranked 12th.
For the first time since 2009, a Swiss bank has topped the ranking, with Globalance Bank at number one, scoring 91 out of 100 points. Of all countries, Austria performs best, with its banks taking the next three spots, including Liechtensteinische Landesbank (Österreich) in fourth.
Other insights from the TOPS 2023 are that only few banks focus in-depth on sustainable investment and blockchain technology. Product offerings are increasingly being standardized and personal discussions becoming rarer. Big banks lack the “private banking gene that is fully dedicated to the interests of the customer”. Offering the full breadth of services is in decline. Only rarely are female advisors available. The barrier to entry for private banking is edging upwards towards €2.5 million to €5 million.