Survey casts wider net to gain deeper detail

Now in its fifth year, PWM’s European sub-advisory annual survey can count on a well established and diversified panel of decision-makers of major retail and private banks, insurance companies and fund houses. This year we have also extended the geographical coverage of the study.

The 90 respondents and interviewees to our questionnaires and in-depth telephone interviews are from institutions covering all the major Western and Central European countries, including Austria, Belgium, Czech Republic, France, Greece, Italy, Luxembourg, Poland, Spain, Switzerland and UK. Senior managers of firms in the Scandinavian countries, Hungary, Israel and Latvia also gave their valuable contribution.

In addition to naming sub-advisers and disclosing what asset classes they currently outsource and are planning to outsource in the future, respondents were asked to rank their criteria for selecting sub-advisers and the major barriers to outsourcing.

Fifty-four of this year’s panellists employ external managers on a sub-advisory basis to manage a total sum of around ?135bn.