Encyclopedia
AUM: Assets Under Management Definition and Significance
Definition
Assets under management (AUM) is the total market value of financial assets that a financial institution manages on behalf of its clients. AUM is the …
CRS: Common Reporting Standard Definition and Swiss Implementation
Definition
The Common Reporting Standard (CRS) is a global framework for the automatic exchange of financial account information between tax authorities, …
Discretionary Mandate: Definition and Role in Swiss Wealth Management
Definition
A discretionary mandate is a contractual arrangement in which a client delegates investment decision-making authority to a financial institution or …
FATCA: Definition, Requirements, and Swiss Implementation
Definition
The Foreign Account Tax Compliance Act (FATCA) is a United States federal law, enacted in 2010 as part of the Hiring Incentives to Restore Employment …
Fiduciary Duty: Definition and Application in Swiss Finance
Definition
Fiduciary duty is the legal obligation of a person or institution entrusted with the management of another’s assets to act solely in the best …
FINMA: Definition, Role, and Powers of Switzerland's Financial Regulator
Definition
FINMA — the Swiss Financial Market Supervisory Authority (Eidgenössische Finanzmarktaufsicht) — is the independent federal body responsible for the …
Suitability Assessment: Definition and Requirements Under Swiss Law
Definition
A suitability assessment is the process by which a financial service provider evaluates whether a specific financial service or investment …
Swiss Banking Act: Definition, History, and Key Provisions
Definition
The Swiss Banking Act (Bundesgesetz über die Banken und Sparkassen / BankG) is the principal federal statute governing the authorisation, …
Alternative Trading Systems (ATS) in Switzerland
Definition
An Alternative Trading System (ATS) is an electronic trading venue that matches orders in securities — or, increasingly, digital assets — without the …
Private Banking: Definition and Swiss Framework
Definition
Private banking is the provision of personalised financial services to high-net-worth individuals (HNWIs), ultra-high-net-worth individuals (UHNWIs), …