Swiss & US custodians

Through a Swiss SEC-registered investment adviser

Through a Swiss SEC-registered investment adviser, a custodian account can be established with a Swiss and/or, in the case of some Swiss SEC RIAs, a US custodian.

Some Swiss custodians:

Banque Pictet & Cie

Geneva, Zurich, Switzerland


Bank J. Safra Sarasin, Dreyfus Banquiers, DZ Bank, EFG International, Julius Baer, Rahn + Bodmer, Reichmuth & Co., Syz, UBP, UBS, Vontobel.

The Swiss custodian adheres to FATCA requirements and issues all the statements and documents required for timely FBAR and correct tax reporting with the IRS.

Some US custodians:

Interactive Brokers, Merrill Lynch, Morgan Stanley, HSBC.

By using a US custodian, US clients are not subject to FATCA and FBAR reporting issues.

Swiss SEC RIAs working with US custodians:

A US client chooses a custodian in collaboration with a Swiss SEC RIA and gives the Swiss SEC RIA a discretionary mandate with a limited power of attorney to manage the account held with the custodian (or an advisory mandate). Swiss SEC RIAs may collaborate with several Swiss and/or US custodians, the choice is yours.

US client, custodian, asset manager relationship
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