LGT, the private banking and asset management group owned by the Liechtenstein Princely Family, has launched a dedicated team for UK-based asset managers interested in setting up Liechtenstein-domiciled private label funds.
LGT writes that its Private Label Funds are tailor-made, allowing asset managers, multi-family offices and investors to individually define their investment strategy and asset allocation. The firm writes that, in addition, they offer great flexibility with setup options, adding that this expanded offering for UK-based intermediaries provides clients with attractive opportunities for diversification in a secure financial centre located in the EEA.
LGT writes that Liechtenstein benefits from an AAA rating, and in these uncertain times, its political, economic and legal stability is becoming increasingly attractive. LGT adds that further advantages of Liechtenstein as a fund domicile include membership of the EEA, passporting into the EU due to Liechtenstein’s EU-compliant legislation, access to the Swiss-domiciled investor base and an attractive regulatory approval procedure. LGT writes that Liechtenstein’s Financial Market Authority (FMA) is subject to mandatory response deadlines, thereby ensuring swift and cost-efficient approvals of fund projects.
In addition, LGT writes that in Liechtenstein, income from managed fund assets is tax-free, and fund starting volumes are substantially lower, in particular when it comes to alternative asset classes such as private debt and private equity.
“LGT is a one-stop-provider with a leading and well-established fund platform for external asset managers and ultra-high net worth investors,” says Bjoern Kogler, new Head of Business Development for fund solutions in the UK market. Kogler has experience of more than 20 years in fund structuring across various jurisdictions for investment managers and multi-family offices in the UK and in Germany.