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Wealth and Portfolio Management in Switzerland – The Reasons Why
The worldwide financial crisis didn’t leave Switzerland completely unaffected. This has been made clear by the current debates about regulations on increasing bank equity, the abolition of bank secrecy or the exchange of information between finance institutions and foreign tax authorities. This list is not exhaustive and most of these topics concern not Switzerland alone, but other countries as well.
These discussions will lead to more transparent regulations which will slow down the flow of untaxed capital into Switzerland. We will all sleep more soundly for that. The upside for clients will be that with all this extra energy they will be able to expect even better and more professional services from their portfolio managers. These services geared to the client together with Switzerland’s favorable location will determine the success of this financial center.
Switzerland was dealt a good hand. It enjoys a good reputation, political, economic and social stability, a high standard of living, excellent infrastructure and a long experience in portfolio management.
Before the financial crisis, Switzerland was ranked the 3rd largest financial center in the world just after the United States and the U.K. Switzerland will keep its place and even reinforce it thanks to well thought-out government policies to only moderately intervene, as opposed to other countries - in wealth management it is even without discussion at first place. This has resulted in a strong currency making Switzerland a safe haven for your investments!
Many times we overlook the fact that there are not only banks in Switzerland. There is also a host of highly productive industries which earn almost 2 out of 3 Swiss francs through exports. The list of industries is long: pharmaceuticals, medical technology, watches, micro and nanotechnology, environment engineering and machine industry. These industries not only create know-how and jobs, they also provide profitable areas in which to invest thus helping to connect the real economy to the Swiss financial center. The Swiss stock market for its part strives to offer a competitive platform for capital-intensive activities with high added-value.
Switzerland manages funds in the amount of approximately USD 3,000 bn shared by about 400 Swiss-based banks and thousands financial institutions. Your only worry will be to choose the right wealth and portfolio manager.
It’s a whole process to choose the right bank or financial institution to work with. You need to ask yourself: What do I want? What is my situation? What do I want to achieve? What are my expectations? It’s important to have answers to these questions because estate issues are usually long-term. You will want to consider all aspects, such as the amount and breakdown of the commission fee, the products and services being offered, references, etc. But most important is the chemistry, without which a relationship of mutual trust cannot be established.
Lemur-Scouting is neither a financial institution nor a bank, but we do know the Swiss market and who will fulfill your needs and where your ideas are welcome, which commission fees are fair, who speaks your language and understands your culture. In short, we are a benchmarker for portfolio management in Switzerland and invite you to take advantage of our experience.