The Association was founded in April 2002 with four members. This was the first milestone towards the establishment of a body to represent the shared interests of its membership. At the end of December 2012 the Association had 63 active members. This corresponds to about 60% of all licensed asset managers in Liechtenstein. Following the foundation of the Association, significant success has been achieved and important progress has been made in terms of regulations and the public perception of the sector. Despite this, much still remains to be done, in particular to satisfy the ever-more stringent requirements and challenges of the rapidly shifting political and economic environment.

 

Before they can commence their business activities in Liechtenstein, asset management companies need to be licensed by the Liechtenstein Financial Market Authority (FMA). Their core activities include: