n this business area
According to information published by the CNMV, the business for asset and portfolio management services has grown in 2021. Net commissions of these entities amounted to €280 million from January to July 2021, with an increase of 14 per cent.
The biggest players in this business are PJT Partners Park Hill Spain, Key Capital Partners and Abante.
Additional comments regarding the economic situation for asset and portfolio management services or what FinTech’s must be aware of in this business area
Since bank deposits are no longer remunerated, there is a growing demand in sophisticated financial products and banks offer these products as currently it is one of their main sources of income.
Foreign investment entities are setting up in Spain hiring bankers to offer portfolio management services.