Regulation

Company information

The financial institution was established in 2015 and its current address is Place de Saint-Gervais 1, Genève. Contact details can be found in the corresponding section of this website.

Supervisory authority and audit firm

Currently (as of June 2022), the financial institution is supervised by the self-regulatory organization SO-FIT. With the new Financial Institutions Act (FinIA), all financial institutions will in future need a license from FINMA to carry out their professional activities as portfolio managers. The deadline for submitting the application is the end of 2022. The financial institution will submit the application in June 2022 to the responsible licensing authorities for authorization as a portfolio manager according to Art. 17 FINIA. The future authorization status can be found on the homepage.

The financial institution is audited and reviewed by the auditing company Anca Fiduciaire SA.

Ombudsman

The financial institution is affiliated with the independent ombudsman Terraxis SA , which is recognized by the Federal Department of Finance. Disputes concerning legal claims between the customer and the financial services provider should be settled by an ombudsman’s office, if possible, within the framework of a mediation procedure.

SO-FIT 

Rue Pédro-Meylan 2  

1208 Genève  

Phone: +41 22 700 73 20  

E-Mail: info@so-fit.ch 

Website: www.so-fit.ch

Information on the offered financial services

The financial institution provides portfolio management services and investment advisory services to its clients.  Further, the financial institution provides offering services of financial instruments (e.g. Actively Managed Certificates) to professional and institutional clients. The financial institution does not guarantee any yield nor performance of investment activities. The investment activity can therefore lead to an appreciation or a depreciation in value. 

Client segmentation

Financial service providers are required to classify their customers into a client segmentation according to the law and adhere to the respective code-of-conduct. The Financial Services Act provides for «retail customers», «professional customers» and «institutional customers» segments. For each customer, a customer classification is determined within the framework of the cooperation with the financial institution, whereby the financial institution by default will classify their customers according to their designated client segment. Subject to certain conditions, the customer may change the customer classification by opting out or opting in. 

Information on risks and costs

General risks associated with financial instruments transactions

The investment advisory and portfolio management services involve financial risks. The financial institution shall provide all clients with the «Risks associated with Financial Instruments Transactions» brochure prior to the execution of the contract. This brochure can also be found at www.swissbanking.org.  Clients of the financial institution may contact their client advisor at any time if they have any further questions. 

Risks associated with the offered services 

For a description of the various risks that may arise from the investment strategy for clients’ assets, please refer to the relevant investment advisory or portfolio management agreements.In the case of investment advice, the financial institution shall provide its retail clients with the basic information sheet of the recommended financial instrument. 

Information on costs  

A fee is charged for the services rendered, which is usually calculated on the assets under management. For more detailed information, please refer to the relevant investment advisory or portfolio management agreements. 

Information about relationships with third parties

In connection with the financial services offered by the financial institution, economic ties may exist with third parties. The acceptance of payments from third parties as well as their treatment are regulated in detail and comprehensively in the respective investment advisory and asset management contracts. 

Information on the market offer considered

The financial institution basically follows an «open universe approach» and tries to make the best possible choice for the client when selecting financial instruments. The financial institution’s own collective investments can – where appropriate – be used in the asset management mandates or recommended as part of investment advice.