Market view and Insights
The prestigious Fuchsbriefe jury ranked LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, as best bank for sustainable investments at this year's quality test. LGT reaches the highest score among all institutions tested and is ranked best wealth manager in German-speaking countries.
This year, the key question of the private banking quality test conducted by the prestigious Fuchsbriefe jury was: "Who can be sustainable?" Out of a total of 76 tested wealth managers from German-speaking countries, LGT was able to answer this question most convincingly and was awarded best bank for sustainable investments by Fuchsbriefe. "Sustainability is actually 'lived' at this bank. Responsible investing has been an integral part of the investment programs since 2003 and ceased to be a special topic but is inseparably linked to the Princely Strategy," says Ralf Vielhaber, Managing Director and publisher of Fuchsbriefe. LGT is transparent in this respect and demonstrates what it means for the environment to invest sustainably.
H.S.H. Prince Max von und zu Liechtenstein, CEO LGT: "We are convinced that investors can make an important contribution to the sustainable development of the environment and society. Thus we have made great efforts in recent years to make sustainable investing simple, transparent and attractive for private clients. The fact that we have been voted the highest rated bank this year, confirms that our advice and product range meet the highest standards. This is an incentive for us to continue our path consistently."
LGT obtained the rating 'very good' in all categories tested - such as advisory services and investment proposal. This puts LGT in first place in the annual ranking, and with 88.9 points, makes it 'top supplier' that clearly outperforms all competitors. Only six of the total of 76 tested institutes from Switzerland, Germany, Liechtenstein, Austria and Luxembourg achieved a 'very good performance' in the annual valuation. "The testers experienced the very best service from the preliminary interview to the follow-up support, an investment proposal in which the customer is reflected, and a top presentation of the advisors," according to Vielhaber. The overall conclusion of the testers: "LGT has plenty of strengths but no weaknesses." With this first-class result, LGT moved up two places in the Fuchsbriefe all-time best list and is now ranked number two.