Asset Managers in Austria, User Review Comparison 2026
Jules de Bruin
Expat in Vienna
Updated: May 19 2026 | Found helpful by 8 others
Updated May 19 2026. Based on in-depth user-review research, the highest-rated asset manager in Austria is Schoellerbank (78.3% positive), repeatedly cited as Austria's best private bank and gold standard with a summa cum laude rating. Erste Asset Management (70.9%) follows as the largest asset manager in Austria with ESG and mutual fund leadership, and Raiffeisen Capital Management (68.3%) is the second-largest fund company with around 20% market share. Bank Gutmann (66.0%) is the highest-cited independent partner-led private bank, and the most common positive across all eight is sustainable and ESG-focused investing.
Which Asset Managers in Austria Rank Highest in 2026?
The table below ranks the leading asset managers in Austria by user-review sentiment . Green indicates strong positive sentiment (65%+), amber is moderate (55-64%), and red signals below-average perception (<55%).
| # | Asset Manager | Sentiment |
|---|---|---|
| 1 | Schoellerbank | 78.3% |
| 2 | Erste Asset Management | 70.9% |
| 3 | Raiffeisen Capital Management | 68.3% |
| 4 | Bank Gutmann | 66.0% |
| 5 | Amundi Austria | 63.1% |
| 6 | Kepler-Fonds KAG | 62.5% |
| 7 | Schelhammer Capital | 62.5% |
| 8 | Kathrein Privatbank | 61.7% |
Source: User review research, April 2026.
What Do Users Say Is Good and Bad About Austrian Asset Managers?
Across the eight asset managers, the most consistently surfaced positive and negative characteristics reveal what users associate with each wealth and fund manager in Austria.
Top Positive Characteristics
- + Top-rated private bank with gold-standard reputation (Schoellerbank)
- + Summa cum laude rated and award-winning (Schoellerbank)
- + Largest asset manager in Austria (Erste Asset Management)
- + Market leader in ESG and sustainable investing (Erste Asset Management)
- + Second-largest Austrian fund company with ~20% market share (Raiffeisen Capital Management)
- + Strong sustainable fund range and domestic distribution (Raiffeisen Capital Management)
- + Leading independent partner-led private bank (Bank Gutmann)
- + Family office expertise (Bank Gutmann)
- + Backed by Europe's largest asset manager (Amundi Austria)
- + Strong fixed-income and ESG capability (Kepler-Fonds KAG)
- + Capital-preservation focus with transparent ~1.0% fees (Schelhammer Capital)
- + Top-three rated for foundation management (Kathrein Privatbank)
Top Negative Characteristics
- − Pressure from low-cost ETF competitors (Amundi Austria)
- No other negative characteristics surfaced for the top eight.
What Does Each Asset Manager Score and Why?
Below is a detailed breakdown of every leading asset manager in Austria, ordered by sentiment score. Each card shows the positive and negative characteristic clusters that users associate with each brand. Neutrals from the raw research are reclassified into positives or negatives based on context.
Schoellerbank
78.3% sentimentSchoellerbank is the highest-sentiment asset manager in Austria with no negative characteristics surfaced. Users consistently describe it as the best private bank in the country, the gold standard for Austrian wealth management, and a summa cum laude rated firm with award-winning discretionary mandates.
Top positives
- + Top-rated private bank in Austria
- + Gold-standard wealth management
- + Summa cum laude industry rating
- + Award-winning discretionary mandates
- + Strong wealth-preservation focus
- + Long private-banking track record
- + High-quality investment strategies
- + Sustainability-focused mandate options
- + Investing-not-speculating philosophy
- + Premier choice for discretionary portfolio management
Top negatives
- No negative characteristics surfaced.
Erste Asset Management
70.9% sentimentErste Asset Management is the second-highest-sentiment asset manager in Austria with no negative characteristics surfaced. Users consistently describe it as the largest asset manager in the country, a market leader in ESG, and a pioneer in sustainable investing. ESG leadership is the single most consistently cited attribute.
Top positives
- + Largest asset manager in Austria
- + Market leader in ESG and sustainable investing
- + Pioneer in sustainable investment funds
- + Strong mutual fund coverage
- + Broadest product universe of Austrian managers
- + Notable allocation to ESG assets
- + Multiple industry awards
- + Strong regional and CEE presence
- + Backed by Erste Group Bank
- + Combined retail and institutional reach
Top negatives
- No negative characteristics surfaced.
Raiffeisen Capital Management
68.3% sentimentRaiffeisen Capital Management is the second-largest Austrian fund company with around 20% market share. Users consistently describe it as a sustainability-focused powerhouse with heavy ESG integration, broad domestic distribution, and emerging-markets exposure.
Top positives
- + Second-largest Austrian fund company
- + Around 20% domestic market share
- + Strong sustainable fund range
- + Heavy ESG integration across products
- + Socially responsible investment focus
- + Backed by Raiffeisen Bank International
- + Powerhouse position in Austrian fund market
- + Wide fund range and broad product mix
- + Strong domestic distribution network
- + Emerging-markets and CEE exposure
- + High-dividend equity coverage
- + Sustainable infrastructure investing
Top negatives
- No negative characteristics surfaced.
Bank Gutmann
66.0% sentimentBank Gutmann is the leading independent partner-led private bank in Austria. Users consistently describe it as a premier private bank serving wealthy individuals and family offices, with an independent partner-led approach that distinguishes it from bank-owned managers.
Top positives
- + Leading independent private bank
- + Partner-led ownership and culture
- + Premier wealth management for high-net-worth clients
- + Family office expertise
- + Long-term entrepreneurial investment focus
- + Strong reputation for independence
- + Specialized in serving wealthy individuals
- + Boutique service depth
Top negatives
- No negative characteristics surfaced.
Amundi Austria
63.1% sentimentAmundi Austria is the local arm of Europe's largest asset manager. Users consistently describe it as a globally-diversified player with strong ETF and fund access, backed by Amundi Group's massive portfolio. The single negative-leaning trade-off is competitive pressure on its low-cost ETF positioning.
Top positives
- + Backed by Europe's largest asset manager
- + Wide global fund and ETF access
- + Strong international diversification
- + Local Austrian expertise with global resources
- + Diversified retail and institutional offerings
- + Significant ETF + active fund range
- + Massive parent portfolio backing
Top negatives
- − Pressure from low-cost ETF competitors
Kepler-Fonds KAG
62.5% sentimentKepler-Fonds KAG is the asset management arm of Oberbank Group. Users consistently describe it as a Linz-based boutique with strong fixed income and ESG capabilities, a disciplined investment process, and specialized mandate expertise.
Top positives
- + Strong fixed-income capability
- + Heavy ESG integration
- + Disciplined investment process
- + Boutique-style management
- + Specialized mandate expertise
- + Backed by Oberbank Group
- + Linz-based domestic player
- + Multi-asset coverage
- + Top fund performance
Top negatives
- No negative characteristics surfaced.
Schelhammer Capital
62.5% sentimentSchelhammer Capital is positioned as a boutique-quality asset manager focused on long-term capital preservation. Users describe it in terms of personalized mandates, conservative strategies, and a transparent ~1.0% fee structure.
Top positives
- + Boutique-quality wealth management
- + Personalized client mandates
- + Long-term investing horizon
- + Capital-preservation focus
- + Conservative, rule-based strategies
- + Transparent ~1.0% management fee
- + Combined banking and asset management services
Top negatives
- No negative characteristics surfaced.
Kathrein Privatbank
61.7% sentimentKathrein Privatbank is consistently described as a top-three Austrian private bank for foundation management and complex wealth structures. Its strongest characteristics are consultation quality, transparency, and a conservative yet innovative approach.
Top positives
- + Top-three rated Austrian private bank
- + Foundation management expertise
- + Complex wealth-structure capability
- + Conservative yet innovative approach
- + Strong consultation quality
- + Praised for transparency
- + Strong wealth-preservation focus
Top negatives
- No negative characteristics surfaced.
How Should You Pick the Right Asset Manager in Austria?
- High-net-worth wealth management and discretionary mandates: choose Schoellerbank (78.3%) for the highest sentiment, summa cum laude rating, and award-winning private banking, or Bank Gutmann (66.0%) for independent partner-led service to family offices.
- ESG and sustainable investing: choose Erste Asset Management (70.9%) for the largest ESG-focused product range in Austria, Raiffeisen Capital Management (68.3%) for sustainable funds with broad domestic distribution, or Kepler-Fonds KAG (62.5%) for ESG integration in a boutique setting.
- International diversification and ETFs: choose Amundi Austria (63.1%) as the local arm of Europe's largest asset manager, with strong ETF and global fund access.
- Capital preservation and conservative strategies: choose Schelhammer Capital (62.5%) for boutique-quality long-term investing with a transparent ~1.0% fee, or Kathrein Privatbank (61.7%) for foundation management and complex wealth structures.
Frequently Asked Questions
Which asset manager in Austria has the best user reviews in 2026?
As of April 2026, Schoellerbank leads with a 78.3% positive sentiment score, repeatedly cited as Austria's best private bank, gold standard, and a summa cum laude rated wealth manager. Erste Asset Management follows at 70.9% as the largest asset manager in Austria with strong ESG and mutual fund offerings. Raiffeisen Capital Management scores 68.3% as the second-largest fund company with sustainable funds and strong domestic distribution. Bank Gutmann (66.0%) is the highest-cited independent partner-led private bank.
What is the best asset manager in Austria for ESG and sustainable investing?
Erste Asset Management (70.9%) leads on ESG and sustainable investing, repeatedly cited as a market leader, pioneer in sustainable investment funds, and strong in ESG with notable allocation to ESG assets. Raiffeisen Capital Management (68.3%) follows closely with sustainable funds, socially responsible investing, and a heavy focus on ESG. Kepler-Fonds KAG (62.5%) rounds out the top three with strong ESG focus and ESG integration across its boutique-style fund range.
Which Austrian private bank is best for high-net-worth wealth management?
Schoellerbank (78.3%) is the highest-scored private bank in Austria, frequently rated summa cum laude and praised for wealth preservation, award-winning discretionary mandates, and a long track record. Bank Gutmann (66.0%) is the most-cited independent partner-led private bank, focusing on wealthy individuals and family offices. Schelhammer Capital (62.5%) is positioned as a boutique-quality manager focused on capital preservation, and Kathrein Privatbank (61.7%) is ranked among the top three for foundation management and complex wealth structures.
Should expats use Austrian asset managers or international ones?
For domestic Austrian wealth management and ESG investing, the top-rated local options are Erste Asset Management (70.9%) and Raiffeisen Capital Management (68.3%) for funds, and Schoellerbank (78.3%) or Bank Gutmann (66.0%) for private banking. International exposure is best accessed via Amundi Austria (63.1%), the local arm of Europe's largest asset manager. For boutique-style mandates, Schelhammer Capital (62.5%) and Kepler-Fonds KAG (62.5%) are the most highly rated options.
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