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Federal Act on Financial Services (FinSA)
Information for our clients
General Information regarding FinSA
FinSA entered into force on January 1st, 2020.The act contains information and transparency re-quirements vis-à-vis the client, so that the client can make informed decisions when dealing with the bank and it’s offering of products and services. This applies in particular to transactions on securi-ties, derivatives or forward transactions.
FinSA as well as the European regulation under MiFID II (in force since January 3, 2018) include the obligation to profile and segment clients.
The scope of investor protection depends on the classification into the segments of retail (private) clients, professional clients and institutional clients. E. Gutzwiller & Cie, Banquiers carries out the profiling whenever possible directly with the client, who, as a result, is informed about the classifi-cation into the respective segment.
E. Gutzwiller & Cie, Banquiers offer the following services:
- Discretionary portfolio management
- Investment advice
- Execution only
- Granting of Lombard loans
- Depository services
- Receipt and transmission of orders in relation to financial instruments
Information regarding E. Gutzwiller & Cie, Banquiers and the Supervisory Authority FINMA
E. Gutzwiller & Cie, Banquiers is an authorized bank and securities dealer of the category private bankers, regulated through FINMA, the Swiss Financial Market Supervisory Authority.
Information regarding affiliation with the Swiss Banking Ombudsman
E. Gutzwiller & Cie, Banquiers is affiliated with the SwissBanking Ombudsman. This Ombuds-man’s office deals with specific client complaints against banks domiciled in Switzerland.
The office is neutral, treats enquiries confidentially and free of charge.
Swiss Banking Ombudsman
Tel.: +41 43 266 14 14 (German/English)
Tel: +41 21 311 29 83 (French/Italian)
Risk information, product information/key information document
In the brochure “Risks Involved in Trading Financial Instruments” by SwissBanking, you find in-formation on typical financial services as well as on the characteristics and risks of financial instru-ments. You may download the brochure from the following link. Based on requirements by FinSA and in relation to in-vestment activities of clients from the segment of retail (private) clients, we will provide product information relating to financial instruments as proposed or eventually as executed, as long as such is available.
Principles of best execution and handling of conflict of interests
The principles of best execution by our bank are laid down in the fact-sheet.
Regarding the handling of conflict of interests, we refer you to the relevant fact-sheet. The bank has its own fund management company that manages Swiss investment funds. The bank is the main distributor of these products and uses them as quality building blocks in the recommended invest-ment strategies.
Information on costs and fees
Information on costs and fees
Duties regarding Documentation, Rendering of account and Provision of documents
Clients may request to receive a copy of their file, provided to them on a durable data medium. In first line, the information will be
- on the composition, valuation and development of the portfolio in respect of the management of client assets
- on the development of the portfolio in respect of the management of client custody accounts
- on the specific costs which the financial service provider is required to provide details
Within the scope of these duties, it should be noted that the content of client exchanges is regis-tered. Currently, there is no recording of telephone conversations with clients taking place.