IFM Independent Fund Management AG

What IFM Independent Fund Management AG does

IFM Independent Fund Management AG is a privately held, bank-independent fund management company (Verwaltungsgesellschaft) headquartered in Schaan, Liechtenstein, established in 1996 as the first bank-independent management company in the principality. It is prudentially supervised by the Financial Market Authority (FMA) Liechtenstein and operates under UCITSG and AIFMG authorizations, enabling EEA-wide passporting of UCITS/OGAW funds.

The company's core offering is a unified platform for the establishment, ongoing management, and administration of UCITS and AIFM funds domiciled in Liechtenstein. Functionally, this comprises fund foundation services (structuring analysis, custodian coordination, fund document preparation, and FMA approval support including cross-border distribution notifications), fund accounting (securities accounting and NAV calculation with custodian reconciliation and defined valuation-error processes), and fund reporting (factsheets, semi-annual and annual reports, and regulatory filings for asset managers, promoters, custodians, and authorities). Its reported technology stack is a standardized administration platform rather than proprietary IP.

IFM serves financial intermediaries — asset managers, fund promoters, and fund initiators — seeking a neutral, regulated Liechtenstein platform with access to European markets via EWR passporting. Revenue is generated through recurring subscription-style management and administration fees per fund mandate. The disclosed client base is narrow: approximately five third-party fund products (FACTUM Funds, Zenit Funds – Zenit Active Capital, Investona Funds, Lunático Fund – Lunático Opportunities Fund, and Pilatus Invest Income EUR), plus a trustee mandate for Bonafide Global Fish Fund / Bonafide Investment Fund – HBC II. No public pricing, no disclosed revenue, no parent company, and no funding rounds are reported.

Name

IFM Independent Fund Management AG

Legal name

IFM Independent Fund Management AG

Website

https://ifm.li

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

IFM Independent Fund Management AG is a privately held, FMA-supervised ManCo in Liechtenstein, founded in 1996, providing UCITS and AIFM fund establishment, administration, accounting, and reporting services to asset managers and financial intermediaries, with EEA fund-distribution passporting.

Ownership category

akta.pro rank

Product category

Fund Management Services

NAICS

Open-End Investment Funds (525910), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525), Trusts, Estates, and Agency Accounts (52592)

SIC

Finance Services (6199)

akta.pro primary industry

UCITS / Liquid Alternatives Fund of Funds (FSAHAKAE)

Keywords

• Fund administration services
• UCITS fund management
• AIFM services
• Fund accounting NAV
• Investment fund regulation

Headquarters

HQ city

Schaan

HQ country

Liechtenstein

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Compliance/Regulatory, Marketing or Sales

Revenue model

1. Fund Management and Administration Services: IFM generates revenue through providing fund administration, management, and compliance services to asset managers and fund initiators establishing UCITS and AIFM structures in Liechtenstein.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

IFM Independent Fund Management AG is a bank-independent fund management company (Verwaltungsgesellschaft) established in 1996 in Liechtenstein. It supports financial intermediaries in the founding, management, and ongoing administration of UCITS (OGAW) and AIFM funds, providing fund foundation services, securities accounting and NAV calculation, comprehensive fund reporting, and coordination of the FMA approval and EEA cross-border distribution notification processes.

Product overview

IFM Independent Fund Management AG operates as a bank-independent fund management company providing a unified platform for UCITS and AIFM fund administration services in Liechtenstein. The core offering consists of UCITS (OGAW) fund management and AIFM services, supported by add-on modules including fund foundation services, fund accounting (securities accounting and NAV calculation), and fund reporting (factsheets, semi-annual/annual reports, regulatory reports). IFM manages multiple third-party fund products through their platform including Lunático Fund, Pilatus Invest Income EUR, FACTUM Funds, Zenit Funds, Investona Funds, and Lunatico Opportunities Fund. The company was founded in 1996 and is supervised by FMA Liechtenstein.

Differentiator

Problem solved

Functional benefit

Products and services

• UCITS (OGAW) Fund Management Management company authorization under UCITSG providing legally secure processes, transparency, and efficient operations for UCITS/OGAW fund administration in Liechtenstein, targeted at financial intermediaries and asset managers.
• AIFM Services Alternative Investment Fund Manager authorization under AIFMG providing services for alternative investment funds including reporting and risk management, targeted at asset managers establishing alternative investment structures.
• Fund Foundation Services Analysis of objectives and optimal fund structure selection, coordination with custodian/depositary bank, fund document preparation, and FMA approval process support including planned distribution notifications domestically and internationally, for asset managers and fund promoters.
• Fund Accounting Securities accounting and NAV calculation with standardized controls and reconciliation with custodian; clearly defined processes for valuation errors, provided to asset managers and fund promoters.
• Fund Reporting Comprehensive reporting for asset managers, promoters, custodians, and regulators: factsheets, semi-annual/annual reports, and regulatory reports.
• Pilatus Invest Income EUR Fund product offered by IFM providing income-focused investment denominated in EUR, domiciled and administered through IFM's Liechtenstein platform.
• Lunático Fund - Lunático Opportunities Fund Fund product launched by IFM offering opportunities-focused investment, domiciled and administered through IFM's Liechtenstein platform.
• FACTUM Funds Third-party fund managed through IFM's platform with a prospect amendment announced on 20 August 2026.
• Zenit Funds - Zenit Active Capital Fund managed through IFM's platform (Zenit Active Capital strategy) with a prospect amendment announced on 19 August 2026.
• Investona Funds Fund managed through IFM's platform with a prospect amendment announced on 18 August 2026.

Named customers6 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• FundinfominorOthersFundinfo is referenced as the source for global fund information, providing transparent fund data to investors.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• VP Bank AG: Liechtenstein-headquartered bank offering fund management and administration services in the same EWR-resident domicile market as IFM, competing for the same pool of local financial intermediaries.
• LGT Group: Liechtenstein-based private banking and asset management group with in-house fund management/administration capabilities, serving ultra-high-net-worth clients and asset managers — a regional peer competing for similar Liechtenstein-domiciled mandates.
• Liechtensteinische Landesbank (LLB): State-owned Liechtenstein bank providing fund services and asset management; competes head-to-head with IFM for Liechtenstein-domiciled UCITS and AIFM mandates within the same local ecosystem.
• Hauck & Aufhäuser Fund Services: German fund platform with strong Liechtenstein presence providing UCITS/AIF administration, fund accounting, and reporting — a direct competitor to IFM in the DACH fund-domiciliation market.

Regional players

• J. Safra Sarasin Fund Services: Swiss private banking group with fund administration capabilities serving European asset managers; competes with IFM for cross-border UCITS mandates from a Swiss (non-Liechtenstein) base.

Broad incumbents

• Universal Investment Group: Large German fund platform (Master-KVG) administering thousands of UCITS and AIFs; a broader incumbent that competes for pan-European fund administration mandates IFM also targets.
• Caceis (Crédit Agricole): Major European asset servicing platform providing fund administration, depositary, and reporting across UCITS and AIF structures; a scaled incumbent competing for the same institutional client base.
• Société Générale Securities Services (SGSS): Global custodian and fund administrator offering UCITS/AIFM services across Europe; competes with IFM for cross-border fund mandates from a much larger balance sheet.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IFM Independent Fund Management AG