Independent asset managers grab Danish wealth clients from banks
As the riches of wealthy Danes increase, so the market share of non-bank asset managers operating in the wealth management sector is also on the rise. AMWatch focuses on these independent asset managers as they pursue wealthy clients, drawing them away from the private banking departments of Denmark's traditional banks.
Private wealth management is not the exclusive domain of companies with names ending in 'bank' – a simple Google search for the term will tell you that. These days, wealth managers advertise their services extensively using financial buzzwords such as 'high returns' and 'low costs'. But one word appears again and again: independent.
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