Italy’s Banca del Piemonte has reorganised its asset management offer with the launch of Orchestra aimed at satisfying Mifid II’s demand for greater transparency and added value for investors.
The Italian lender, belonging to the Venesio family, has restructured the range offering its clients 18 management lines which differ in terms of management style (active or passive), underlying investment (invested in one asset class or more) and risk (high, medium or low).
The reshuffle aims at serving the largest number of different type of clients through the new asset management service Orchestra. “Those who want to give high delegation will be able to choose lines with an active management style investing in multiple asset classes based on the analysis and investment decisions of Banca del Piemonte’s managers, while those who want to participate in the Investment decision-making can select specific investment areas or they could make their asset allocation according to their financial planning needs, “says Banca del Piemonte.
Management fees will be paid in proportion to the underlying risk, therefore enabling clients to pay less on low risk investments and more on high risk-return ones.