AMWatch

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.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

New paper slams model portfolio boom for conflict of interest

So-called model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according a trio of academics, including Associate Professor from the Norwegian School of Economics Nataliya Gerasimova.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch