Nordea revamps fee structure and ditches commission fees for some clients

Wealthy private clients and business clients will no longer pay commission at Nordea.

Photo: Lucas Jackson/Reuters/Ritzau Scanpix

In the future, large investment clients will not have to pay commission fees when purchasing investment associations. Instead, they will pay one advisory fee in connection with purchasing all assets, reports Danish business daily Børsen.

"Paying for the advice they get across all products and disciplines is a more natural model for clients. It includes both strategic investment advice and savings advice. They will pay an amount for this that we agree with them beforehand based on how much they use the advisory services, and then it isn't a product that disrupts the structure of investments, as you pay for it separately," says Hans Henrik Klestrup, bank director with responsibility for wealth management in Denmark, to the paper.

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