ZUGER PARTNERS AG - CLIENT CLASSIFICATION ACCORDING TO FINSA
According to the article 4 par. 1 of the Federal Act on Financial Services (FinSA), financial services providers shall assign the persons for whom they provide financial services to one of the following segments: a) retail clients, b) professional clients or c) institutional clients. Due to its B2B business policy, Zuger Partners AG has no business relationships with private clients. Zuger Partners AG clients are classified either as institutional or as professional ones.
INSTITUTIONAL CLIENT STATUS
Financial intermediaries as defined in the Banking Act of 8 November 1934 (BankA), the Financial Institutions Act of 15 June 2018 (FinIA) and the CISA;
Insurance companies as defined in the ISA;
Foreign clients subject to prudential supervision as the persons listed under a and b above;
National and supranational public entities with professional treasury operations
Institutional investors have the lowest level of investor protection among all client categories.
The following are defined as per-se professional clients:
financial intermediaries as defined in the Banking Act of 8 November 1934 (BankA), the Financial Institutions Act of 15 June 2018 (FinIA) and the CISA;
Insurance companies as defined in the ISA; - foreign clients subject to prudential supervision as the persons listed under a and b above;
Public entities with professional treasury operations;
Occupational pension schemes with professional treasury operations and other occupational pension institutions providing professional treasury operations;
Companies with professional treasury operations;
Private investment structures with professional treasury operations created for high-net-worth retail clients.
Professional clients are treated as sophisticated investors who have a lower level of investor protection than private clients, based on their level of knowledge and experience, and their ability to bear financial losses.
WHO CAN GET CLASSIFIED AS A PROFESSIONAL CLIENT?
A client who is not classified by law as a professional client (‘per-se professional client’) may apply for a change of classification (‘opting out’).
WILL WE CONTACT YOU TO CONFIRM YOUR STATUS?
If you are an institutional client, your classification is defined by law (article 4 par. 4 FinSa). We will keep track of your classification in our files, but will not contact you in this regard.
In case of clients, whose status needs to be confirmed (like asset advisors or family offices), please note that we’ll contact you to confirm your classification.
CONTACT AND LEGAL INFORMATION
In case of any questions please do not hesitate to contact us:
Zuger Partners AG
Legal & Compliance
CH-6318 Walchwil - Zug
CLIENT ADVISOR REGISTRATION
Since January 1, 2020, due to the entry into force of the FIDLEG, there is no longer any regulatory supervision for companies that distribute funds through FINMA. Instead, FINMA now applies an indirect regulatory approach at the level of the ZUGER PARTNERS employee. As such, all employees of ZUGER PARTNERS with responsibility for the client will be entered into the Register of Client Advisors of BX Swiss AG.
NAME OF OMBUDSMAN OFFICE
Finanzombudsstelle Schweiz (FINOS)
044 552 08 00