Asset management and investment advisory
Irrespective of whether clients prefer to delegate the management of their assets or actively make investment decisions themselves, with “LLB Invest” and “Bank Linth Invest” private and institutional clients can find a product offering tailored to suit their requirements at LLB. In 2018, to supplement the existing “Consult” and “Expert” advisory models and the “Comfort” asset management application, we added the leaner “Basic” model. Bank Linth will introduce this as well in 2019. By doing so, LLB is complying not only with the MiFID II directive, valid since January 2018, but also the Swiss FIDLEG regulation, which comes into force in 2020.
Thanks to these various offers, clients can choose what level of advisory service they want from our client advisers. The concept appeals to our clients. The volumes with asset management and investment advisory mandates have risen steadily since the introduction of “LLB Invest” in 2016 (see chart).
Financial planning for every phase of life
With our “LLB Compass” and “Bank Linth Compass” services, we support private clients and entrepreneurs, at all stages of life or the business cycle, to accomplish their future financial goals. LLB and Bank Linth therefore cover all the important themes such as wealth planning, financing facilities, retirement, real estate, taxation, estate planning and succession (see chapter “Responsibilities for society and the environment”). The LLB Group is the only bank in Liechtenstein to offer this type of comprehensive 360-degree financial planning.
Focus on clients
Feedback shows that our specific focus on client requirements and the strong local ties of our advisers are greatly appreciated. To gain more time to care for clients, the Private Banking Division implemented a lean management initiative in August 2017 (see chapter “Corporate Center”). Within the scope of this initiative, the private banking teams in Liechtenstein, Switzerland and Austria / Germany are continually implementing improvements to enhance productivity and accelerate administrative procedures.