German platforms grow but face foreign competition

German B2B fund platforms have almost doubled their assets under administration in the last five years.

The compound annual rate of growth of 13.8% saw assets held on German B2B adviser and institutional platforms reach €250 billion at the end of 2016, according to Platforum, a fund platform research and advisory business.

The increase outstripped the growth of the German fund market but was still some way below the rate of growth of UK platforms, which have seen a year-on-year increase of 19.1%.

The leading German platforms are Attrax, Fondsdepot Bank and ebase, which increased their market share to 53.2%.

Platforum estimated there were €305 billion of third-party fund assets in Germany, of which €205 billion were held on B2B platforms.

A further €27 billion was held on direct platforms or online stockbrokers.

Platforum senior analyst Rudolfo Crespo, said: “This is a new milestone for the German platform market ahead of MiFID II.”

He added that local players largely dominated the market but competition was rising from cross-border platforms who see Germany as a key market for international expansion.

In Austria, the B2B platform market is much smaller than in Germany. Platforum sized it at €14.5 billion, up by 7.8% year-on-year.

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

LATEST SURVEY

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST