FinSA – information
Swiss Finance Asset Management AG (hereinafter referred to as the “Company”) is subject to the Federal Act on Financial Institutions (hereinafter referred to as the “FinIA”) and the Federal Act on Financial Services (hereinafter referred to as the “FinSA”).
In performing its business activities, the Company must comply with various obligations under the FinSA. The following provides brief information about the Company and its business activities as well as about the obligations to be complied with under the FinSA. This information does not replace the legally required provision of information to clients. All clients are informed in detail by the Company about the financial service in question and the associated risks prior to concluding a contract.
This information provided on the website www.sfam-ag.ch may be amended by the Company from time to time.
Company
1. Name and contact details
Swiss Finance Asset Management AG
Hardturmstrasse 101
CH-8005 Zurich
Telephone: +41 (0)41 244 41 41
Fax: +41 (0)41 244 41 42
info@sfam-ag.ch
Website: www.sfam-ag.ch
Company identification no.: CHE-167.560.936
2. Supervisory status
The Company is authorized to operate as a portfolio manager in accordance with the FinIA. The Swiss Financial Market Supervisory Authority (FINMA) is the competent supervisory authority. Supervision is carried out by the supervisory organization AOOS – Swiss limited corporation for supervision in Zurich.
3. Ombudsman’s office
The competent ombudsman’s office is the Ombudsman’s Office for Financial Service Providers (OFD) in Zurich. Clients have the option of initiating proceedings before the ombudsman’s office.
4. Professional secrecy
The Company is subject to professional secrecy in accordance with the FinIA.
BUSINESS ACTIVITIES
The Company has its registered office in Zurich. It offers investment advisory and asset management services in the area of options transactions for clients domiciled in Switzerland.
The Company also brokers financial products for Swiss and international clients.
CLIENT SEGMENTATION
In accordance with the law, clients are generally divided into the categories of “private clients”, “professional clients” and “institutional clients”.
The Company does not make such a differentiation and treats all of its clients as “private clients” who are afforded the highest level of protection.
Clients are entitled to the faithful and diligent provision of the financial services offered by the Company.
PROVISION OF INFORMATION TO CLIENTS
The Company informs clients about its financial services prior to the conclusion of a contract or the provision of services. Information is also provided with respect to the costs and fees associated with the services provided. This information is made available in a standardized form either on paper or electronically.
ASSESSMENT OF APPROPRIATENESS AND SUITABILITY
The Company conducts an assessment of appropriateness and suitability in advance for its investment advisory and asset management clients. In performing this assessment, information is gathered on the client’s knowledge and experience as well as their financial circumstances and investment objectives.
CLIENT DOCUMENTATION
The Company compiles a dossier on its clients. The documentation includes details on the agreed and provided financial services as well as the information collected on the clients in question. In the case of investment advisory services, the needs of clients and the reasons for each and every investment recommendation are also documented. On request, the Company provides it clients with a copy of the documentation or makes it accessible to them in another appropriate form.
DORMANT ASSETS
It may be the case that the Company’s contact with a client breaks down, meaning assets become dormant as a result. In order to avoid dormant assets to the greatest extent possible, clients are asked to notify the company of name and address changes as quickly as possible.
Should there nevertheless be a break in contact with a client, the Company will make reasonable enquiries to re-establish communication.
BEST EXECUTION
The Company endeavors to ensure the best possible execution of client orders. In doing so, it pays particular attention to observing the principle of good faith.
ORGANIZATIONAL MEASURES
The Company ensures compliance with the obligations specified under the FinSA with the help of several internal directives and an appropriate business organization.
The Company is exclusively responsible for its own activities and does not assume any responsibility for the activities of third parties with which it cooperates and with which clients themselves have also concluded a contract. One such third party, in particular, is the US broker Cunningham Commodities, LLC with which the Company cooperates in the area of options trading.
CONFLICTS OF INTEREST
The Company has taken appropriate organizational precautions to avoid conflicts of interest and ensure that clients are put at no disadvantage by any conflicts of interest. If a disadvantage to clients owing to a conflict of interest cannot be ruled out, this will be disclosed by the Company so that the clients can assess whether they wish to continue utilizing the service.
The Company has no economic relations with third parties that could lead to a conflict of interest in connection with the financial service provided.
The market offering taken into account within the framework of investment advisory and asset management services exclusively comprises third-party financial instruments.
The Company informs clients in full about any compensation from third parties.