Handelsblatt - Elite Report Asset Managers 2012 - Schoellerbank stands for Top Quality and Customer Orientation

Yet again, Schoellerbank has received a distinction from Elite Report and managed to successfully stand its ground in a time of crisis: as Austria’s best private bank and one of the five best asset managers in the entire German-speaking area. The reason for its consistent success lies in its unchanging investment strategy: Invest rather than speculate. A total of 349 asset managers were tested in 43 different categories. Among them were: acceptance of responsibility, asset protection and quality of advice. Experts assessed the banks as anonymous test customers. Only the best are distinguished in the Elite Report, which is considered the ’Oscar of asset management’ and published by the daily business paper Handelsblatt. Schoellerbank has received the highest distinction ’summa cum laude’ for the seventh consecutive time.

The Elite Asset Managers in the German-speaking area 2012

Outstanding private banking - the Elite Report awards the highest distinction ’summa cum laude’ to Schoellerbank for the seventh consecutive time. For nine years, Elite Report has tested asset managers in the German-speaking area. Depending on the score and corresponding grade, the distinctions ’cum laude’, ’magna cum laude’ and ’summa cum laude’ are awarded. Austria is represented with six asset managers: Schoellerbank AG was distinguished as the best bank in Austria and received the highest accolade, ’summa cum laude’. In the evaluation it received the second-highest score, and therefore ranks among the five best banks in the entire German-speaking area. On 23 November, the ’Oscars of asset management’ were awarded at the 8th Asset Convention at the Munich Residence. 49 out of the 349 tested asset managers from Germany, Switzerland, Austria and Liechtenstein were invited. The award was handed over by Katja Hessel, state secretary to the Bavarian Ministry of Finance, along with the editor-in-chief of Elite Report. Only one in seven asset managers are recommendable.

Overall, nearly 350 asset managers were tested, of which 136 were meticulously examined. The tests concentrated mainly on ’asset preservation’ and ’asset management’. These aspects were examined in detail, using 43 criteria: Quality of the advice and thoroughness, personal suitability and professional intelligence as well as the acceptance of responsibility and asset protection are the prerequisites asset managers must fulfil in order to be regarded elite-worthy. Among the 49 banks distinguished, 28 are from Germany, 12 from Switzerland, six from Austria and three from Liechtenstein. Together, they represent a small community of excellence - the ’Elite Asset Managers in the German-speaking area 2012’.

Portrait of Schoellerbank in the Elite Report 2012

One of the best addresses in the entire German-speaking area. No asset manager could be more efficient and reliable. Schoeller has been a guarantor for top quality and customer orientation for many years. Fairness and accuracy in all areas have made this bank a model, and have convinced customers near and far. The open-minded, sound advice, clear cost structure and asset-preserving culture in its investment method are so pleasingly predominant that one can speak of true strength of character. ’Tu felix austria’ (Quoted from the Elite Report)

 

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