Consultants help our clients to put the puzzle together and clearly belong to our target clients. Traditionally the instititutional market in Germany has been a bilateral arrangement between asset manager and clients, the complexity of the market has invited a number of consultants to perform manager searches for their clients. Thus, we believe that over time the importance of consultants will grow. In addition to that the trend towards a modular concept ("best of breed") will also lead to a greater use of consultants.

As we represent a number of asset managers on a non-compete basis in a number of asset classes we are not competition to consultants. We are paid on a success-fee basis only by the managers we represent but do not give our clients the choice of different managers in each asset class or segment.

We clearly state our interest towards our clients and make it very clear that we cannot provide the manager selection process to our clients.

We would welcome any opportunity to pitch our case with you !