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.

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 (or an advisory mandate) held with the custodian.

Swiss SEC RIAs may collaborate with several Swiss and/or US custodians, the choice is yours.

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.

Swiss SEC RIAs working with US custodians

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.

US client, custodian, asset manager relationship
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