Based on the legal requirements of Art. 8 et seq. of the Financial Services Act (FinSA), an overview of Swiss Capital Wealth Management AG (hereinafter the «Financial Institution») and its services provided below.

 

A.    Information about the company

Swiss Capital Wealth Management AG

Klausstrasse 4

8008 Zurich - Switzerland

Phone: +41 44 226 52 22 

Website: www.swisscap.com
 

Commercial register company number: CHE-108.738.593

VAT Nummer: CHE-108.738.593 MWST

LEI number: 529900QZ05BSL4MJA248

 

Supervisory authority and audit

Founded in 1998, the financial institution is authorized by the Swiss Financial Market Supervisory Authority (FINMA) as an asset manager and holds the corresponding license. It is a financial institution affiliated with FINcontrol Suisse AG within the meaning of the Financial Institiutions Act (FinIA) and is therefore subject to ongoing supervision by FINcontrol Suisse AG. FINcontrol Suisse AG is a supervisory organization within the meaning of the Financial Market Supervision Act (FINMASA).

The financial institution is audited and reviewed by the audit company CAPREV Wirtschaftsprüfung und -beratung AG, both in terms of supervisory law and obligations. The address of FINcontrol Suisse AG and CAPREV Wirtschaftsprüfung und -beratung AG can be found below.

FINcontrol Suisse AG
General-Guisan-Strasse 6
6300 Zug - Switzerland
Phone: +41 41 767 36 00
Website: www.fincontrol.ch

 

CAPREV Wirtschaftsprüfung und -beratung AG

Industriestrasse 47

6300 Zug - Switzerland

Phone: +41 41 761 92 45

Website: www.caprev.ch

 

 

Ombudsman's office

The financial institution is affiliated with the independent ombudsman’s office «Ombudsman's Office for Financial Service Providers (OFD)», which is recognized by the Federal Department of Finance. Disputes concerning legal claims between clients and the financial institution shall be settled by the ombudsman's office as far as possible within the framework of a mediation procedure. The address of the ombudsman's office can be found below.

Ombudsman's Office for Financial Service Providers (OFD)

Bleicherweg 10

8002 Zurich - Switzerland

Phone: +41 44 562 05 25

Website: www.ofdl.ch

  

B.    Information about the financial services offered

The financial institution provides its clients with asset management services, portfolio and transaction-related investment advisory services and «execution-only» services. In the case of an investment advisory mandate with the financial institution, clients are given a personal recommendation relating to individual financial instruments. Ultimately, the decision to buy or sell always remains with the client.

The financial institution guarantees neither a return nor a success in the investment activity. The investment activity can therefore lead to an increase in value but also to a loss in value.

C.    Client segmentation

Financial service providers must assign their clients to a legally pre-defined client segment and comply with the corresponding conduct obligations. The Financial Services Act provides for the segments «private clients», «professional clients» and «institutional clients». A client classification is defined for each client as part of the cooperation with the financial institution. Subject to certain conditions, the client can change the client classification by opting in or opting out.

 

D.    Information about risks and costs

General risks in trading with financial instruments

Investment advisory and asset management services entail financial risks. The financial institution provides all clients with the brochure «Risks involved in trading financial instruments» before the contract is concluded. This can also be viewed at http://www.swissbanking.ch.

If clients of the financial institution have any further questions, they can contact their client advisor at any time.

 

Risks in connection with the service offered

For a description of the various risks that may arise from the investment strategy for the client’s assets, please refer to the corresponding investment advisory or asset management agreements.

  

If unusual concentrations of risk within the client portfolio cannot be ruled out, the nature and extent of such concentration risks shall be disclosed to the client. Indicators of such unusual concentrations of risk are:

    ·    a concentration of 10% or more in individual securities;

    ·    a concentration of 20% or more in individual issuers. 

Concentrations from collective investment schemes that are subject to regulatory risk diversification rules, such as UCITS funds and Swiss securities funds, are excluded.

When providing investment advice, the financial institution provides its private clients with the basic information sheet of the recommended financial instrument. 

 

Cost information

A fee is charged for the services provided, which is normally calculated on the assets under management and/or on a performance basis. For more detailed information, please refer to the relevant investment advisory and/or asset management agreements.

 

If it is not possible to determine the actual amount of remuneration or third-party services before the financial service is provided or the contract is concluded, the financial institution shall inform the client of the range of the respective remunerations, taking into account the different asset classes and financial instruments.

 

In the case of asset management and portfolio-based investment advice, if the exact amount of third-party remuneration cannot be determined in advance, the client shall be informed of the range of the expected remuneration in relation to the portfolio value and the agreed investment strategy.

 

E.    Information about bindings to third parties

Economic ties to third parties may exist in connection with the financial services offered by the financial institution. The acceptance of payments from third parties and their treatment are regulated in detail and comprehensively in the investment advisory or asset management agreements.

 

F.    Information about the market offer considered

The financial institution generally pursues a «best-in-class» approach, i.e. it attempts to make the best possible choice for the client when selecting financial instruments. The financial institution's own collective investments may - where appropriate - be used in the asset management mandates or recommended as part of investment advice. 

 

If the financial institution offers both its own and third-party financial instruments in its market offering, it shall take appropriate organisational measures, such as implementing a procedure for selecting financial instruments based on objective criteria customary in the industry. If the possibility of customers being disadvantaged cannot be excluded, the financial institution shall disclose this to its customers. 

 

G.    Appropriateness and suitability

Suitability test for portfolio-based investment advice and asset management

In the case of transaction-based investment advice, the financial institution provides investment advice for individual transactions without taking into account the entire client portfolio.

 

In this case, the financial institution must ascertain the client's knowledge and experience before recommending financial instruments. In addition, before recommending financial instruments, it must be determined whether they are appropriate for the client.

 

In particular, the company must ensure that it is aware of the client's knowledge and experience in relation to each relevant investment category used in the financial service.

 

Suitability test for portfolio-based investment advice and asset management

When providing portfolio-based investment advice, the financial institution provides investment advice that takes into account the client portfolio.

When providing asset management services, the financial institution must also take into account the entirety of the client portfolio it manages. In contrast to investment advice, it also makes the investment decision itself.

 

In both these cases, the financial institution must determine the financial circumstances and investment objectives as well as the knowledge and experience of the clients. In this context, the knowledge and experience relates to the financial service and not to the individual transactions.

 

The information gathered by the financial institution about the knowledge and experience of the clients must take account of the investment strategy, and the granularity of the survey must be adapted to the complexity and risk profile of the investment and the investment strategy. In particular, the financial institution must be certain about the knowledge and experience of the clients in relation to each relevant investment category used in the financial service.