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Yesterday evening in Munich, the Elite Report editorial team presented this year's "Elite der Vermögensverwalter im deutschsprachigen Raum 2017" (The Elite Among Wealth Managers in German-Speaking Countries 2017). Of the approximately 350 institutions that were tested, LGT impressed the independent jury above all with the outstanding quality of its advisory services. This marks the first time that the private bank, together with nine other competitors, achieved the highest score. LGT was also given the highest "summa cum laude" rating this year for the 14th consecutive time.
"More than just professional competence and premium quality"
In its current test journal, the Elite Report designates LGT as a strong competitor that successfully asserts itself in the international wealth management space, and praises the private banking and asset management group for providing clients with individual advice notwithstanding its considerable size. "Highly-capable and not at all indifferent, LGT is always close to its clients and stands for a personal advisory and services culture", says the Elite Report’s editorial team. The testers, who visited LGT as would-be new clients, were also impressed by the quality of advice provided. "Princely, exemplary, attentive, reliable. The expertise of the individual advisors and the conceptual capacity for problem-solving are evidence of more than just professional competence and premium quality", says the report. "In addition to its other merits, all of these factors point to a sense of responsibility, stability and foresight."
The Elite Report’s editorial team this year assessed around 350 institutions using a multi-stage process. Only 46 wealth managers met the jury’s quality criteria and were given a "commended" rating. LGT achieved the top result with 640 points. Thanks to this score, the bank was not only awarded the highest "summa cum laude" rating for the 14th consecutive year, it now also ranks among the top ten best wealth managers in German-speaking countries. In addition, LGT was designated the leading private bank in Liechtenstein. The Elite Report concludes: "There is no doubt that this outstanding wealth manager deserves a top spot among the elite."
H.S.H. Prince Max von und zu Liechtenstein, CEO LGT, is pleased about the conclusions drawn by the Elite Report: "Particularly in an uncertain market environment such as this one, clients are looking for security and stability as well as professional advice. Accolades from independent juries such as the Elite Report confirm that we meet our clients’ high standards. Our clients trust us, our products and our services. We aim to uphold these high standards of quality in the future."
Earlier this year, LGT received accolades for its outstanding products and services at the Global Private Banking Awards and the Fuchsbriefe Private Banking Summit. At the Global Private Banking Awards held by Professional Wealth Management and The Banker at the end of October, the Financial Times Group’s publications designated LGT "Best Private Bank for Growth Strategy" and "Best Private Bank for Socially Responsible Investing". The prestigious Fuchsbriefe awarded LGT an outstanding second place ranking in its overall rating of all the banks that were tested, thus making it one of the absolute leaders in wealth management in German-speaking countries.