Asset management companies in Liechtenstein

By providing support and advice in a spirit of partnership, asset managers ensure that their clients’ assets are invested in accordance with their specific needs and requirements. In doing so, they draw upon an extensive network of banks, investment fund companies and fiduciaries in Liechtenstein.

Independent asset managers invest resources in accordance with the personal circumstances and risk appetite of their clients. This task requires support that is based on partnership, and Liechtenstein asset managers specialise in very personal and independent client service. The Liechtenstein Asset Management Act (Vermögensverwaltungsgesetz – “VVG”) came into force in 2006 and regulates the activities of all asset management companies that are based in Liechtenstein. Independent asset managers constitute an important pillar of the Liechtenstein financial centre. Like all Liechtenstein companies, they also benefit from the fact that they are able to offer their services not just in Liechtenstein, but also throughout the EEA and in Switzerland.

Facts and figures about Liechtenstein asset manager

Asset managers may neither accept nor hold third-party assets. 91 asset management companies were licensed in Liechtenstein at the end of 2023. At the end of 2023, they oversaw 18’268 client relationships (with portfolio management, investments consultancy and other contracts), of which 16’529 were client relationships with an asset management mandate.

At the end of 2023, the assets under management with the companies amounted to CHF 56,9 billion, of which CHF 25,4 billion was invested with Liechtenstein banks. The asset management companies had a total of 690 employees.

As Liechtenstein’s domestic marke» is relatively small, the ability to provide services across borders is extremely important for asset managers in Liechtenstein. Target countries are in particular the EU countries of Germany, Austria, Italy, France, Spain as well as Switzerland and Great Britain.

Activities of asset manager

The field of activity of an independent asset manager encompasses the following services:

  • Asset management/portfolio management
  • Investment consultancy
  • Acceptance and brokering of orders that have one of more financial instruments as their object
  • Execution of orders on behalf of the client
  • Securities and financial analysis
  • Advising companies on capital structuring, industry-specific strategy and related issues
  • Consulting and services for corporate mergers and acquisitions