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Asset Management

Asset management is nowadays one of the core financial services which banks offer for assets deposited with them (so-called internal asset management) and which is also being offered by third parties (so-called external asset management).

Thereby the investor delivers to the asset manager part of his assets, which the asset manager is to manage independently, however always within the framework of what has been agreed previously with the investor. The right to decide which investment tools are to be used for implementing the investment strategy and for reaching the investment target is solely with the asset manager.

Contrary to the investment consultant, the asset manager is hence entitled to take any necessary management decisions (such as to purchase and sell securities), however only within the framework of what has been agreed previously with the investor.