Swiss Banking Secret
Switzerland is still the hub of private wealth management companies. Many international investment firms have their head office in Switzerland. There are many reasons why worldwide customers prefer Switzerland.
Swiss banking secret still exists and crime against the banking secret gets punished, as crimes according to the Article 47 of Swiss Federal Act on Banks and Savings Banks, providing customers banking data to third party can be a punishable offence as a crime sentence with of 3 years imprisonment. In addition to this the person who violates the banking secret is responsible to pay for the damages which came due to the fact that he has violated the Secret.
10 years ago these banking secrets were handled very strictly even for international customers and it was nearly impossible to get any information about money in Swiss bank accounts. Due to the fact that Switzerland has signed OECD contracts nowadays they work with foreign governments on money laundering and other heavy crimes, that means that the banking secret is not existing in the "old form" for foreign persons anymore. But still Switzerland tries to avoid giving information about foreign bank accounts and the hurdle for a foreign government to get information about a Swiss bank account is in fact very high.
It cannot be recommended to avoid tax payments or hide accounts. All accounts have to be declared correctly. If you invest in SAMT AG as an international investor SAMT AG will open an account for you with direct tax reporting and payment if this is supported by your home country.
For German investors this is a source tax reporting and direct payment to the German government. Do not worry to open an account in Switzerland, if declared in tax or the source tax is paid automatically there is absolutely no problem with it.
Swiss Investment Advisors Are Still Setting The Bar
Even without a "Real" banking secret Switzerland sets the benchmark for investment advisors and money managers. The tradition of doing things correctly and the ability to design outstanding investment process and tools stays in Switzerland.
For example, Swiss Asset Management Companies can stick to a specific code of conduct in the interest of the customer. (See SAMT AG Code of Conduct) and Swiss Wealth Managers are regulated by SRO (Self Regulation Organisations) like polyreg.ch.
SAMT AG offers a thought through money management and financial advisory process which starts with the understanding your objectives. Over our forms process we analyze your personal and financial situation to better understand your investment objectives and risk profile.
We evaluate and agree on an offering that best meets your financial goals and personal circumstances. Pursuing your objectives we implement the selected strategy (See How it works).
You can choose between different asset management strategies
- An enduring core made out of ETF (Exchange Traded Funds) which is optimized in a way that the positions can endure for a long time. (learn more)
- A second layer of Algorithmic Trading Strategies which add additional diversification and which are n ot correlated to the Enduring Core
- Additional programs which are run by highly sophisticated and Professional Traders
All is coordinated by SAMT AG through a risk management tool which coordinates the risk among the different trading programs.
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