Wealth management price war spikes in Nordics as fees take a hit
At the biggest bank in the richest Nordic economy, the head of wealth management is about to make life harder for his rivals by cutting fees yet again.
BY JONAS CHO WALSGARD / BLOOMBERG
DNB Asset Management, which oversees about NOK 600bn (EUR 60bn) from Oslo, already lowered fees on several mutual funds back in February. That move gave the asset manager a bigger chunk of the market, with DNB’s share of Norwegian retail business growing to 32.2 percent in May from 29.8 percent at the end of March 2018.
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