As the Taaleri analyst at the time, I can comment that at the time of the acquisition, Taaleri Asset Management’s fees consisted roughly of the following (not in order of importance):
-
traditional asset management (funds, discretionary asset management [TVK], consultative)
-
Alternative products (mostly Taaleri’s own funds)
-
Structured products
-
Performance fees from selected funds
In my understanding, at least the performance fees have practically disappeared, as these specific funds have shrunk significantly since then and their track records have weakened. In alternatives, the cooperation with Taaleri was supposed to be a key component, but the fees had already remained quite thin earlier (for many reasons, the role of alternatives has remained very small at Aktia), and last summer Taaleri also terminated the cooperation agreement. Also, the volumes of structured products have, to my understanding, decreased significantly, as Taaleri used to produce these in quite high volumes. When you add to this the knowledge that traditional asset management has also faced challenges regarding Taaleri (high turnover), the write-down cannot be seen as a massive surprise. Note! Aktia does not report these items, so these are purely my own guesses 
Anyway, it’s worth remembering that this was now a purely accounting measure 
. The real damage happened years ago when the integration failed for one reason or another 