Private clients

If you think that opening a bank account in Switzerland is complicated, you will see that once you have chosen a Swiss SEC-registered investment advisor, the going is easy. Your Swiss SEC RIA will take care of all the paperwork and formalities and walk you through the steps. You don't even have to leave home to do open an account and establish a relationship with your Swiss SEC RIA . If desired, you can also include your present trusted adviser in the process.

Professional advisors

You can provide added value to your clients by co-counseling with a Swiss SEC RIA on adding the dimension of jurisdictional diversification to their overall strategy including an internationally-diversified investment portfolio that complements the one at home.

The Swiss Bank Account Opening Process:

Why Switzerland โžœ Learn why Switzerland is an ideal home for a portion of your assets and go toย Switzerland - An excellent home for your assets

Learn about Legal and Compliance issues โžœ Legal & Compliance

Minimum amount of investment โžœ Determine your approximate amount of investment (often there are minimum requirements noted in the Swiss SEC RIA's ADV Part 2 brochure).

Find a Swiss SEC RIA โžœ Go to Swiss SEC-registered investment advisors and make a selection.

Read the SEC registration โžœ Contains information about the Swiss SEC RIAโ€™s business.

Read the ADV Part 2 Brochure โžœ ADV Part 2 brochure describes, in a narrative format, the Swiss SEC RIAโ€™s business practices, fees etc.

Read the ADV Part 3 Client Relationship Summary โžœ ADV Part 3 Client Relationship Summary for your review

Review choice with your local, trusted adviser (optional) โžœ Review the choice of your Swiss SEC RIA with your local, trusted adviser, if desired.

Initial contact โžœ Call or email your Swiss SEC RIA of choice to request an initial conversation and ask how you can prepare for the conversation on your side.

ADV Part 2 Brochures โžœ Your Swiss SEC RIA is obliged to send you their ADV Part 2 brochure and the ADV Part 2b brochure of the client relationship manager before you begin discussions.

Initial conversation โžœ Consider the amount of investment, the timeframe and your risk appetite, your preferred regions and kinds of investments. Discuss specific needs e.g. ESG investing, estate planning, trusts etc. Your Swiss SEC RIA is also well-versed in complex multi-jurisdictional, multi-generational issues. Your local, trusted adviser can join in, if desired.

Strategy โžœ Discuss and determine the overall strategy you are interested in, e.g. Conservative, Balanced, Dynamic, ESG investing or other special strategies etc.

Mandate โžœ Discuss and choose between a Discretionary Mandate (managed by your Swiss SEC RIA) or an Advisory Mandate (advice received from your Swiss SEC RIA, but final decisions are your own).

Mandate agreement โžœ Your Swiss SEC RIA provides you with the necessary mandate agreement to be signed.

Fees โžœ Fees are stated in the ADV Part 2 brochure. Depending on the amount of investment, fees may be negotiated. Your Swiss SEC RIA explains how the fees are charged to your account.

Proposal/Information โžœ Request and review initial proposal/information.

Discuss proposal/information with your local, trusted adviser (optional) โžœ If desired, discuss proposal/information with your local, trusted adviser.

Fine tune proposal โžœ If required, fine tune your proposal with your Swiss SEC RIA.

Custodian bank โžœ Your Swiss SEC RIA recommends one or more custodian banks, the choice is yours. Swiss banks take care of the FATCA regulations. A US custodian may also be an option (no FATCA, FBAR, 8938 etc. reporting involved).

Opening a Swiss bank account from the US โžœ A Swiss bank account can be opened from the US from the comfort of your home.

Personal meeting (optional) โžœ If a personal meeting is required, decide if it is to take place in Switzerland, in the United States, or in another country.

Account opening formalities โžœ Your Swiss SEC RIA provides the necessary paperwork to open your account with the custodian bank and explains and walks you through the formalities, either over the phone or in person.

Get required documents โžœ Organize the documents you need for the account opening formalities, e.g. notarized passport copy etc.

Submit your account opening forms and documents โžœ Submit your forms and documents to your Swiss SEC RIA who checks them for accuracy and passes them to the custodian bank.

Monitor account opening process โžœ Your Swiss SEC RIA monitors the account opening process and gets back to you if additional information is required.

Confirm establishment of account โžœ Your Swiss SEC RIA confirms the date your account has been established and provides you with the documents.

Transfer funds to your account โžœ Your Swiss SEC RIA provides you with wire transfer instructions to your account with the custodian bank. You instruct your present bank to make the transfer accordingly.

Funds are invested โžœ The funds are invested according to your mandate agreement with the Swiss SEC RIA.

Monitoring/rebalancing your portfolio โžœ Your Swiss SEC RIA monitors and rebalances your portfolio, provides reporting and discusses details with you regularly. Your Swiss SEC RIA is never more than a phone call or click away.

FATCA reporting โžœ The custodian bank is responsible for adhering to FATCA regulations. No action on your part is required.

Your reporting requirements โžœ The custodian bank provides the documents needed for you to fulfill all reporting requirements. Your Swiss SEC RIA will pass them on to you.

Paying taxes โžœ You will pay taxes due accordingly.

Consult a tax advisor โžœ You can consult an experienced, Swiss-based US tax advisor and involve your local tax expert, if required. See US tax advisors.

Please note: This list is an indication of the steps involved and may vary depending on the individual Swiss SEC RIA and custodian bank.

This list is for your information only and is not intended as an offer, promotion, or solicitation to buy or sell any financial instrument or perform any other financial transactions. All information and opinions expressed in the publications reflect current views as of the date of publication and may be liable to change without notice.

Alpen Partners International

Bรคch|Wollerau, Zurich, Geneva, Lugano

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Ameliora Wealth Management


BFI Infinity

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HIA Helvetia Investment Management

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Hyposwiss Advisors
Geneva, Zurich

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Lugano, Zurich


LOBNEK Wealth Management
Geneva, New York


Pictet North American Advisors
Geneva, Zurich

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swisspartners Advisors

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The Forum Finance Group


Vontobel Swiss Wealth Advisors
Geneva, Zurich, Miami, New York

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