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Fondsmaeglerselskabet Maj Invest A/S

SEC-registered adviser since 2017Copenhagen K, DenmarkCRD 288223

$11.1B
AUM
84
Clients
See fees
Fee
47
Advisory staff

From Form ADV filed 23 March 2026 · data retrieved 15 October 2026SEC record

Fondsmaeglerselskabet Maj Invest A/S is an investment adviser headquartered in Copenhagen K, Denmark, and registered with the SEC since 2017. Its clients include pooled investment vehicles, pension and profit-sharing plans, and corporations and other businesses. High-net-worth individuals account for 0% of its regulatory assets under management.

Its services include portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. Fee arrangements include a percentage of assets under management, fixed fees, commissions and performance-based fees. Maj Invest Holding A/S owns 75% or more of Fondsmaeglerselskabet Maj Invest A/S, and Jeppe Christiansen is its CEO.

Clients

Fondsmaeglerselskabet Maj Invest A/S serves 84 clients, 17 of them high-net-worth individuals. The average client has about $132 million with the firm, and high-net-worth clients hold 0% of its $11.1 billion in assets.

Regulatory assets by client type
  • Pooled investment vehicles42 clients85%
  • Pension and profit-sharing plans5 clients7%
  • Corporations and other businesses8 clients5%
  • OtherIndividuals, High-net-worth individuals, Charitable organizations, State or municipal government entities, Other investment advisers, Insurance companies3%
Show client breakdown
Individuals (other than HNW)
Clients
3
Regulatory AUM
$81,322,998
Share
0.7%
Avg. per client
$27.1M
High-net-worth individuals
Clients
17
Regulatory AUM
$31,310,822
Share
0.3%
Avg. per client
$1.84M
Pooled investment vehicles
Clients
42
Regulatory AUM
$9,450,611,546
Share
85.0%
Avg. per client
$225.0M
Pension and profit-sharing plans
Clients
5
Regulatory AUM
$749,512,152
Share
6.7%
Avg. per client
$149.9M
Charitable organizations
Clients
6
Regulatory AUM
$18,599,023
Share
0.2%
Avg. per client
$3.10M
State or municipal government entities
Clients
1
Regulatory AUM
$80,051,625
Share
0.7%
Avg. per client
$80.1M
Other investment advisers
Clients
1
Regulatory AUM
$124,644,286
Share
1.1%
Avg. per client
$124.6M
Insurance companies
Clients
1
Regulatory AUM
$50,285,826
Share
0.5%
Avg. per client
$50.3M
Corporations and other businesses
Clients
8
Regulatory AUM
$530,098,206
Share
4.8%
Avg. per client
$66.3M

Total

Clients
84
Regulatory AUM
$11,116,436,484
Share
100%
Avg. per client
$132.3M

What it does

Fondsmaeglerselskabet Maj Invest A/S provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and other activities. It is paid through a percentage of assets, fixed fees, commissions and performance-based fees.

Fondsmaeglerselskabet Maj Invest A/S advises 1 private funds.

81.4% of assets ($9.05B across 75 accounts) are managed with discretion; $2.07B across 9 accounts are not. 94% of clients are outside the U.S., and 16 clients received advice without assets under management last fiscal year.

What the accounts hold

Separately managed account assets by class, year end
  • Stocks55%
  • Funds22%
  • Bonds2%
    • Sovereign bonds1%
    • Investment grade corporate bonds1%
  • Other21%
    • Assets in "other" is mortage backed securities issued by special purpose vehicles in denmark.21%

Custodians

Fondsmaeglerselskabet Maj Invest A/S’s client accounts are held mainly at Danske Bank A/S, with 3% of managed assets, and Canadian Imperial Bank of Commerce, with 3%. Fondsmaeglerselskabet Maj Invest A/S does not have custody of client assets.

Managed account assets by custodian
  • Canadian Imperial Bank of CommerceCanadian Imperial Bank of Commerce · Toronto · $347.5M3%
  • Danske Bank A/SDanske Bank A/S · Copenhagen · $372.6M3%
  • All other custodians$10.40B94%

Ownership and leadership

Maj Invest Holding A/S owns 75% or more of Fondsmaeglerselskabet Maj Invest A/S, and Jeppe Christiansen is its CEO.

Who owns the firm
Fondsmaeglerselskabet Maj Invest A/S· the adviser

  • Maj Invest Holding A/S

    Control person · since December 2004

    Owns 75% or more of Fondsmaeglerselskabet Maj Invest A/S

Leadership

  • Jeppe Christiansen
    Chief Executive Officer
  • Gitte Bech
    Member of the Board of Directors
  • Peter Busk
    Member of Board of Directors
  • Karsten Dalsjo
    Member of the Board of Directors
  • Klaus Godiksen
    Managing Director, Head of Asset Management
  • Astrid Haug
    Member of Board of Directors
  • Dennis Helsengreen
    Finance Manager
  • Soren Jacobsen
    Managing Director, Risk & Investment Operations
  • Henrik Parkhoei
    Chairman of the Board of Directors
  • Marianne Settnes
    Managing Director and General Counsel
  • Kirsten Slot
    Member of the Board of Directors
  • Jorgen Tang-Jensen
    Member of the Board of Directors

Staff

  • 67 employees
  • 47 in advisory functions
  • 3 soliciting firms

Fees

Fondsmaeglerselskabet Maj Invest A/S is paid through a percentage of assets under management, fixed fees (other than subscription fees), commissions and performance-based fees.

Fondsmaeglerselskabet Maj Invest A/S’s fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Fondsmaeglerselskabet Maj Invest A/S has 0 offices, with 1 listed address with no US state reported.

Other business names

Fondsmaeglerselskabet Maj Invest A/S has reported 2 other business names to the SEC.

  • Investissement Fonds Maj
  • Maj Invest Asset Management Fondsmaeglerselskab A/S

Registration details

Legal name
Fondsmaeglerselskabet Maj Invest A/S
Headquarters
18 Gammeltorv, Copenhagen K, Denmark 1457
Phone
453-338-7300
Website
Not reported
SEC file
801-110563
Structure
other (specify) organized in Denmark
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Fondsmaeglerselskabet Maj Invest A/S have?

Fondsmaeglerselskabet Maj Invest A/S has 84 clients and manages $11.1 billion for them, as of March 2026. They include 42 pooled investment vehicles, 17 high-net-worth individuals and 8 corporations and other businesses.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 23 March 2026

What services does Fondsmaeglerselskabet Maj Invest A/S offer?

Fondsmaeglerselskabet Maj Invest A/S provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions and other activities.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

Which custodians does Fondsmaeglerselskabet Maj Invest A/S use?

Fondsmaeglerselskabet Maj Invest A/S’s separately managed account assets are held at Danske Bank A/S (Copenhagen), with $372,580,479 and Canadian Imperial Bank of Commerce (Toronto), with $347,452,802. Only custodians holding at least a tenth of those assets are named.

Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 23 March 2026

How many financial advisors does Fondsmaeglerselskabet Maj Invest A/S have?

Fondsmaeglerselskabet Maj Invest A/S has 0 investment adviser representatives registered with state securities authorities, out of 67 employees, and 47 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

What does Fondsmaeglerselskabet Maj Invest A/S invest in?

At the end of its last fiscal year, Fondsmaeglerselskabet Maj Invest A/S’s separately managed accounts held 55% exchange-traded equities, 22% pooled vehicles (private funds and similar), 21% assets in "other" is mortage backed securities issued by special purpose vehicles in denmark., 1% sovereign bonds and 1% investment grade corporate bonds. It advises 1 private funds.

Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file

Who owns Fondsmaeglerselskabet Maj Invest A/S?

Fondsmaeglerselskabet Maj Invest A/S is owned through a chain of holding companies by Jeppe and Emilie and Kasper Christiansen. Its direct owner is Maj Invest Holding A/S (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 23 March 2026

How does Fondsmaeglerselskabet Maj Invest A/S get paid?

Fondsmaeglerselskabet Maj Invest A/S is paid through a percentage of assets under management, fixed fees, commissions and performance-based fees.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 23 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 288223.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

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This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Fondsmaeglerselskabet Maj Invest A/S and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.