There are currently 98 licensed asset management companies in Liechtenstein that look after almost 10,000 clients and employ over 630 people. The vast majority of you are members of VuVL, the association of independent asset managers in Liechtenstein, which represents your interests and interests, organizes training courses and offers support with professional or legal offers. Client assets under management from portfolio management and investment advice currently amount to around 53 billion Swiss francs.
Broad spectrum in asset management.
The multi-faceted spectrum of asset managers ranges from jointly operated portfolio management to investment advice, financial analysis and portfolio management for funds. Professional customer orientation and cross-generational orientation determine all services. These properties have been valued by wealthy private and institutional clients for decades. In addition to some large companies, there is also a small, independent asset management boutiques that concentrate on their core competencies such as sustainability, the specific fund management or the wealth management of family offices.
One location, many advantages.
The starting position in Liechtenstein for asset management is excellent: EEA membership, EU passport and the common economic and currency area with Switzerland also offer attractive opportunities for investors from Austria. The prerequisite for the provision of services as an asset manager is a license from the Liechtenstein Financial Market Authority, which carefully checks qualifications and legal conformity.
Almost 90 percent of Liechtenstein asset managers also have a so-called notification in order to be able to actively provide their services across borders in EU countries. 48 companies alone have a notification to advise and support customers in Austria. In addition, the political and economic stability, the liberal legal system, the high degree of legal security and privacy, the efficiency of the authorities and the very short (decision) paths make the location extremely attractive for discerning investors.
Optimal framework conditions for the financial sector.
With its triple A rating, the Principality of Liechtenstein offers the asset managers operating here optimal framework conditions in economic, political and social terms so that they can continue to position themselves as one of the drivers of the financial sector in the future. Despite or perhaps because of its small size, the Liechtenstein financial center relies on international orientation as one of its core competencies and strengthens its perception as a stable and reliable financial center abroad through active communication work. On the offer level, Liechtenstein distinguishes itself through its diverse wealth solutions and many years of experience in the areas of wealth preservation and management. In particular with the independent asset managers, as an alternative to the banks, the personal, family-like customer relationships as well as the “grandchildren” economics and the cross-generational perspective come into play. All of this makes the Principality of Liechtenstein and its financial center a safe haven in the midst of uncertain times.
About Fredy Wolfinger
Fredy Wolfinger has been President of VuVL and Managing Director and partner of Maiestas Asset Management AG, Vaduz since 2008 (since 2002 more productive than Managing Director). After studying business administration at the HWV, St. Gallen, he held a preferred position in the banking industry until 2002.
Via the Association of Independent Asset Managers in Liechtenstein
The Association of Independent Asset Managers in Liechtenstein (VuVL) is the central interest group for licensed, domestic asset management companies. The association advocates the concerns of the entire profession and the financial center on a national and international level. www.vuwl.li