Content
Risk Involved in Trading
Financial Instruments
Dormant Assets
​1.0 Information about the asset manager
1.1 Name and address
1.2 Field of activity
1.3. Supervision
1.4 Professional secrecy
1.5 Economic ties to third parties
2.0 Dormant assets
3.0 Information on the financial services offered by the asset manager
3.1 Nature, characteristics and operation of the financial service
3.2 Rights and obligations
3.3 Risks
3.4 Considered market offer
4.0 Dealing with conflicts of interest
4.1 In general
4.2 Compensation by and to third parties
4.3 Further information
5.0 Ombudsman's office
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1. Information about the asset manager
1.1 Name and address
Decentia Wealth AG
Bahnhofplatz
6300 Zug
+41 41 726 77 90
HReg no.
CH-170-3040431-3
VAT no.
CHE-361.548.642
1.2 Field of activity
The asset manager is domiciled in Zug. He offers asset management services.
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1.3 Supervision
Decentia Wealth AG is a financial institution affiliated with FINcontrol Suisse AG within the meaning of the Financial Institutions Act FINIG and is therefore subject to the ongoing supervision of FINcontrol Suisse AG. FINcontrol Suisse AG is a supervisory organization within the meaning of the Financial Market Supervision Act. fincontrol.ch
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1.4 Professional secrecy
The asset manager is subject to professional secrecy in accordance with the Financial Institutions Act.
1.5 Economic ties to third parties
The asset manager has no economic ties to third parties that could lead to a conflict of interest.
2.0 Dormant assets
It happens that contacts with clients break off and the assets subsequently become dormant. Such assets may be permanently forgotten by customers and their heirs. The following is recommended to avoid loss of contact or dormant assets:
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Changes of address and name: Please notify us immediately of any change of residence, address or name.
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Special instructions: Request to be informed of extended absences and of any redirection of correspondence to a third-party address or withholding of correspondence, as well as how to be reached in urgent cases during this time.
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Granting of Powers of Attorney: It may be advisable to designate an authorized person whom the asset manager can approach in the event of a break in contact.
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Orientation of trusted persons and testamentary disposition: Another way to avoid loss of contact and news is to orient a trusted person about the relationship with the asset manager. However, the asset manager may only provide information to such a trusted person if he or she has been authorized to do so in writing. Furthermore, the assets concerned may be mentioned, for example, in a testamentary disposition.
The asset manager will be happy to answer any questions. Further information can also be found in the brochure "Dormant Assets" published by the Swiss Bankers Association. The brochure is available on the Internet at:
Information on the financial services offered by the asset manager
3.0 Information on the financial services offered by the asset manager​
3.1 Nature, characteristics and functioning of financial services
In asset management, the asset manager manages, in the name, for the account and at the risk of the client, assets that the client has deposited with a custodian bank. The asset manager carries out transactions at his own free discretion and without consulting the client. In doing so, the asset manager ensures that the transaction executed by him is in accordance with the client's financial circumstances and investment objectives as well as the investment strategy agreed with the client and ensures that the portfolio structuring is suitable for the client.
3.2 Rights and duties
In asset management, the client has the right to manage the assets in his portfolio. In doing so, the asset manager selects the investments to be included in the portfolio with due care within the framework of the market offer taken into account. The asset manager shall ensure an appropriate distribution of risk to the extent permitted by the investment strategy. He regularly monitors the assets he manages and ensures that the investments are in line with the agreed investment strategy and are suitable for the client.
The asset manager shall regularly inform the client about the asset management agreed upon and provided.
3.3 Risks
In asset management, the following risks basically arise, which lie in the client's sphere of risk and are therefore borne by the client:
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Risk of the selected investment strategy: Different risks may arise from the investment strategy selected and agreed upon by the client (see below). The customer bears these risks in full. A presentation of the risks and a corresponding risk explanation are provided before the investment strategy is agreed.
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Asset preservation risk, or the risk that the financial instruments in the portfolio will lose value: This risk, which may vary depending on the financial instrument, is borne in full by the client. For the risks of the individual financial instruments, please refer to the brochure "Risks in Trading with Financial Instruments" of the Swiss Bankers Association.
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Information risk on the part of the asset manager or the risk that the asset manager has too little information to make an informed investment decision: When managing assets, the asset manager takes into account the client's financial circumstances and investment objectives (suitability test). If the client provides the asset manager with insufficient or inaccurate information regarding his financial circumstances and/or investment objectives, there is a risk that the asset manager will not be able to make investment decisions that are suitable for the client.
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Risk as a qualified investor in collective investment schemes: Clients who make use of asset management services within the framework of a long-term asset management relationship are deemed to be qualified investors within the meaning of the Collective Investment Schemes Act. Qualified investors have access to forms of collective investment schemes that are exclusively open to them. This status allows a broader range of financial instruments to be taken into account in the design of the portfolio. Collective investment schemes for qualified investors may be exempt from regulatory requirements. Such financial instruments are therefore not or only partially subject to Swiss regulations. This may give rise to risks, in particular due to liquidity, investment strategy or transparency. Detailed information on the risk profile of a particular collective investment scheme can be found in the constituent documents of the financial instrument and, where applicable, in the basic information sheet and the prospectus.
Furthermore, asset management gives rise to risks which are within the asset manager's sphere of risk and for which the asset manager is liable to the client. The asset manager has taken suitable measures to counter these risks, in particular by observing the principle of good faith and the principle of equal treatment when processing client orders. Furthermore, the asset manager ensures the best possible execution of client orders.
3.4 Market offer taken into account
The market offering taken into account in the selection of financial instruments covers only third-party financial instruments. Within the scope of asset management, the following financial instruments are available to the client:
Shares and bonds listed on the Swiss, European and American stock exchanges;
structured products issued by Leonteq, Luzerner Kantonalbank, Societe Gerneral, BNP Paribas, Marex, Citibank, JP Morgan, Goldman Sachs, BNP Paribas, Raiffeisen.
4.0 Dealing with conflicts of interest
4.1 In general
Conflicts of interest may arise if the asset manager:
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can achieve a financial advantage for himself or avoid a financial loss at the expense of clients in violation of good faith;
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has an interest in the outcome of a financial service provided to clients that is contrary to that of the clients;
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has a financial or other incentive in the provision of financial services to place the interests of certain customers above the interests of other customers; or
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in breach of good faith, accepts an inducement in the form of financial or non-financial benefits or services from a third party in relation to a financial service provided to the client.
Conflicts of interest may arise in connection with execution only, transaction-related investment advice, comprehensive investment advice and asset management. In particular, they arise from the coincidence of:
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multiple client orders;
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client orders with own business or other own interests of the asset manager or companies affiliated with the asset manager; or
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client orders with transactions of the asset manager's employees.
In order to identify conflicts of interest and to prevent them from having a detrimental effect on the client, the asset manager has issued internal directives and taken organizational precautions:
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The asset manager has established an independent control function that continuously monitors the asset manager's investment and employee transactions as well as compliance with market conduct rules. Through effective control and sanction measures, the asset manager can thus avoid conflicts of interest.
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In the execution of orders, the asset manager observes the priority principle, i.e. all orders are recorded immediately in the chronological order in which they are received.
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The asset manager creates confidentiality areas within the asset manager as well as a personnel and spatial separation of client and proprietary trading.
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The asset manager obliges his employees to disclose mandates that may lead to a conflict of interest.
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The asset manager shall design his remuneration policy in such a way that no incentives are created for frowned-upon behavior.
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The asset manager trains his employees on a regular basis and ensures that they have the necessary expertise.
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The asset manager consults the control function in the case of potentially conflict-of-interest matters and has them approve such matters.
4.2 Compensation by and to third parties
Within the scope of the provision of financial services, the asset manager accepts compensation from third parties. The asset manager informs his clients about the type, scope, calculation parameters and ranges of compensation by third parties which may accrue to the asset manager in the provision of the financial service. The client waives the third party compensation and the asset manager retains it. The asset manager has taken appropriate internal measures to avoid any resulting conflicts of interest.
Intermediaries who refer clients to the asset manager receive a share of or the entire management fee/expense compensation from the asset manager.
4.3 Further information
The asset manager will be pleased to provide you with further information on possible conflicts of interest in connection with the services provided by the asset manager and the precautions taken to protect the client upon request.
5.0 Ombudsman's office
Your satisfaction is our concern. Should the asset manager nevertheless reject a legal claim on your part, you can initiate a mediation procedure through the ombudsman's office. In this case, please contact:
FINOS
Talstrasse 20
8001 Zurich
+41 44 552 08 00