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

More

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
AMERICANS WELCOME ★ SWITZERLAND is independent and unbiased and does not recommend, prefer, endorse, solicit or discourage any particular listed Swiss SEC RIA, other service provider or wealth management-related product. Furthermore, the website content, opinions, privacy policies or services provided are their own and are not endorsed by AWS in any way. This publication 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 this publication reflect our current views as of the date of the publication and may be liable to change without notice. Please read the disclaimer.
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