INAPORT: ROFESSIONAL GLOBAL SSET MANAGEMENT OMPANY ITH SWISS TANDARDS

Transcription

1 INAPORT: ROFESSIONAL GLOBAL SSET MANAGEMENT OMPANY ITH SWISS TANDARDS 1

2 CONTENT About FINAPORT 3 Our offer: 5 Systematic asset management 7 Tailored asset management 8 Alternative investments 8 Private Capital Markets 10 Investment reporting 11 Wealth Management for Generations 12 FINAPORT or straight to the bank 14 The six-eyes principle 16 Our custodians 18 Organisation 20 Corporate governance 23 2

3 ABOUT FINAPORT 3

4 ABOUT FINAPORT «The aim of private banking is to establish long-term client relationships based on trust.» Hellmut Schümperli, President of FINAPORT Group Switzerland has been world-famous as a banking centre for more than a century. It stands for security, reliability, loyalty and cutting-edge technology. With huge developments in information technology combined with advancing globalisation, demands placed on financial companies have mounted. Analysis of historical data for various approaches to asset management and the recording of the resulting prospects, full transparency through global consolidation on mobile phones and automated risk management for the first time in the history of private banking, it is also possible for smaller, highly-specialised companies like FINAPORT to surpass the range of products offered by large international groups in every respect, whether in terms of results, performance or price. A market worth billions that upholds the highest standards is undergoing a change. FINAPORT is a globally-operating asset management company with offices in Switzerland, Singapore, Liechtenstein and the USA and around 50 affiliated partner and custodian banks. Our clients maintain accounts in all major financial centres around the world. FINAPORT takes responsibility in real time. We offer neutral, independent and sensitive portfolio management as well as consolidated statements without any hidden costs and at an attractive price. Our clients are able to benefit from a first-class network as the result of relationships built up over many years with the best banks in the world as well as with lawyers, tax experts and foundations. FINAPORT is derived from FINANCE PORTAL. We want to be a gateway to the financial world for our clients. Long term, reliable and global. 4

5 UR FFER 5

6 OUR OFFER Where should I go? Alice. That depends on where you want to end up. The Cheshire Cat Lewis Carroll Alice s adventures in wonderland & through the looking-glass We offer the following services, which are described in more detail on the subsequent pages. Asset management, systematic or tailored Investment advice, both active and passive Private Capital Markets Private label funds Investment reporting 6

7 SYSTEMATIC ASSET MANAGEMENT Successful people in all walks of life, whether they are entrepreneurs, sports people, scientists or musicians, are always focussed on their long-term goal. They are therefore also ready to take on carefully-calculated risks even if that only means a well-timed investment in a vision. The same applies to asset management, where today any relevant data is available globally within fractions of a second. As in modern aviation, where the pilot is primarily responsible for keeping a watchful eye on correctly-programmed systems and for taking over the controls in an emergency, under the systematic approach portfolio managers are increasingly becoming risk managers. They explore economic data and monitor the systems, processes and associated risks. They ensure that any investments are always made in line with the client s agreed objectives. «When we own portions of outstanding businesses with outstanding managements, our favourite holding period is forever.» Warren Buffet Statistics show clearly that quantitative, systematic and disciplined investing offers the best chances of long-term success. As with investing in property, long-term capital growth may also be characterised by short-term losses. People would therefore not sell property in bad times unless they had liquidity problems. They retain it and live off their income, waiting patiently until the next boom in equity prices, which is bound to come. The systematic approach starts from this principle and therefore has an investment horizon of at least five years. 7

8 TAILORED ASSET MANAGEMENT «To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.» John Templeton FINAPORT s tailored asset management is supported by MRB Vermögensverwaltung AG in Zurich which was founded by the same owners in Built on a foundation of experience and investment talent, MRB combines modern approaches to portfolio management with a high level of technical skill. MRB sees itself as a producer of the highest quality asset management services, which stand out due to their precise fit, goal-oriented approach, efficiency and quality. In addition, MRB manages successful investment funds. International awards document its successful work over many years. As experienced capital market experts with convincing credentials, MRB staff deal with regulatory authorities, providers of investment products, brokers and trading platforms on an equal footing. MRB acts for FINAPORT as a centre of expertise for any matters relating to capital markets. These include: opening up access and maintaining contact with hand-picked boutique investment managers and capital market experts independently exploring, analysing and selecting top quality investment funds structuring tailored investment solutions managing model portfolios providing professional support in preparing, documenting and implementing investment decisions for mandates coordinating investment committees and capital market round tables supporting and advising in sophisticated analyses of individual cases 8

9 PRIVATE CAPITAL MARKETS «Know what you own, and know why you own it.» Peter Lynch By private markets we mean capital investments that go beyond the usual public markets investments, such as shares, interest-bearing and money market securities. A key feature of such investments is that they are focused on realizing profits independently of public markets and stock exchanges. Private market investments include, amongst others, holdings in non-quoted firms (private equity, venture capital), private and corporate debt, real assets as well as direct real estate holdings, and closed collective investment schemes. Both private and public markets are increasingly rewarding asset allocators that have dynamic capital, can move fast and are ready to invest into new things. By using non-traditional strategies the investor tries to achieve above average returns on the portfolio. FINAPORT has an expanding network of providers of private capital market opportunities. We would be delighted to guide our clients in and to put them in touch with our partners who have the relevant expertise and experience. 9

10 PRIVATE LABEL FUNDS A private label fund may be formed in the name of one or several Finaport customers and is subject to the same requirements such as public funds. Private label funds regulate the interests of individuals, families or interest groups with the same investment objectives. In general, funds are investment companies with variable capital, regulated by specific laws. Depending on the jurisdiction of the fund, different rules would apply. For example, Liechtenstein provides high legal standard, a fast regulatory approval procedure and the country s AAA credit rating. Therefore, besides the well-known UCITS and AIF funds, there are also funds in countries like Liechtenstein where registration is timely and is not complicated. Such a vehicle is based on the Investment Company Law (IUG), which provides an attractive legal and administrative framework. In addition, Liechtenstein investment funds are not subject to income related taxation. Your assets in your own private label fund. We are happy to assist you in setting up a Private Label Fund. We can provide a proven fund administrator and a cost-efficient and a reliable custodian bank. And we will take care of your assets by taking the responsibility for the Asset Management. 10

11 INVESTMENT REPORTING Only few institutions worldwide are able to consolidate all their global banking relationships and see them on their mobile. Our administration offers advanced data management, which creates high-quality data from custodians and third-party providers. We support our clients in adapting and using our tools in the most efficient way. We track all global transactions of our clients on our system on a daily basis. This allows a quick comprehensive overview of transactions and balances in addition to complete control of all account movements. 11

12 EALTH PLANNING OR GENERATIONS 12

13 WE BUILD THE FUTURE ON OUR ANALYSIS OF THE PAST «For instant profit I will not sell the future.» Werner von Siemens We want to offer our clients first class investments. To do this, we need to understand the constantly changing world. We also need to move with the times and always be open and transparent. Finaport has been pursuing a sustainable investment strategy for years, which is defined by your long term investment goals, and is ideal for succession and inheritance planning. Our extensive experience over many years with trusts and insurance solutions allows us, together with our long standing partners, to offer credible tailor made solutions for our customers. We provide financial stability and security for parents and future generations while you enjoy your retirement the way you like it. 13

14 INAPORT R STRAIGHT TO HE BANK? 14

15 FINAPORT OR STRAIGHT TO THE BANK? «We will always need banking, but we won t need banks anymore.» Bill Gates In an environment of low interest rates and falling fees and commissions, a bank must remain profitable and must demonstrate this anew with each quarterly report. In this context, one of the most important tools is to sell financial products. This can be compared allegorically to a warehouse that is trying to sell its goods to a customer. FINAPORT does not sell goods. FINAPORT performs the role of a private family office and fully supports the client in all price negotiations. FINAPORT clients are able to obtain institutional conditions from all banks. For custodian fees and transaction costs, these are 50-70% below the official rates. FINAPORT makes investments solely in the client s interests. Expensive and often pointless products are not considered. Transaction costs are held as low as possible (best execution). Solutions for free transactions are possible. FINAPORT has a large, ever-expanding network of custodian banks and is therefore able to assist clients in choosing a suitable bank using its wealth of expertise. All our clients assets are placed in custody with a bank of our client s choosing. Diversification for security reasons across different banks and countries is easily possible and can be consolidated through FINAPORT. FINAPORT obtains market analysis from over 50 banks worldwide and has access to the whole product range offered by all banks. 15

16 RUST IS GOOD ONTROL IS BETTER 16

17 THE SIX-EYES PRINCIPLE FINAPORT is supervised by various financial market authorities and is therefore recognised by the entire financial industry at B2B (business-to-business) level. A special power (Limited Power of Attorney) was created for the purposes of collaborations between banks and financial intermediaries. This entitles FINAPORT to make investments on these accounts and to debit the fee agreed with the client. FINAPORT is unable to transfer money or securities out of the account. CLIENT THE TRIPARTITE RELATIONSHIP 3. Account opening 1. AM Contract 4. Agreement BANK 5. Purchase orders 2. LPoA 6. Trade execution Our partnerships with trusted banks globally allow us to introduce you toi the banking Our partnerships with trusted banks globally allow us to introduce you to the banking platform best suited for your needs and to facilitate the account opening process. 17

18 England Switzerland Luxemburg Liechtenstein USA New York Monaco USA Miami Bahamas British Virgin Islands Panama Dubai Singapore Hongkong UR USTODIANS 18

19 A NETWORK AROUND THE ENTIRE GLOBE. CONSOLIDATED AT THE PUSH OF A BUTTON SWITZERLAND Bank Julius Bär* Bank J. Safra Sarasin* Basler Kantonalbank* BNP Paribas Bordier & Cie* Credit Suisse* Lombard Odier* Notenstein Privatbank* NPB Neue Privat Bank AG Rahn & Bodmer Union Bancaire Privée* VP Bank* UBS* Pictet & Cie* Corner Bank* SYZ Bank* HSBC Swiss- quote Bank AG Privatbank Bellerive BSI Banque Cramer Vontobel* Luzerner Kantonalbank Arab Bank Switzerland Societe Generale LIECHTENSTEIN NB Neue Bank AG VP Bank LGT Bank Frick Raiffeisen Volksbank AG Bendura Bank AG MONACO Bank Julius Bär CMB LUXEMBOURG Credit Suisse Deutsche Bank SEB BVI VP Bank HONGKONG Credit Suisse EFG SINGAPORE Bank Julius Bär Bank of Singapore Bordier & Cie Crédit Agricole Credit Suisse Deutsche Bank EFG LGT Pictet & Cie Standard Chartered Bank UBS ENGLAND Union Bancaire Privée Bank Frick PANAMA PKB BAHAMAS Lombard Odier* DUBAI Mirabaud USA J. Safra Sarasin HSBC * These banks have an automatic interface with us and are displayed in our portfolio management system at the daily closing price. 19

20 RGANISATION 20

21 BRANCHES OFFICES & OTHER LICENSES We are where our clients need us to be. ZURICH Zurich is our base and Swissness is what we take out into the world. Here, we belong to the established asset managers of German-speaking Switzerland. We are a member of the SRO of the Swiss Association of Asset Managers (SAAM) and a founding member of the Alliance of Swiss Wealth Managers (ASV). LIECHTENSTEIN Liechtenstein is our gateway to the EU. Due to Liechtenstein s affiliation with the European Economic Area (EEA), a Liechtenstein Asset Management Company may benefit from the free movement and the provision of services throughout the European Union (EU). Finaport (Liechtenstein) AG is regulated by the Financial Market Authority (FMA) and is a member of the Association of Independent Asset Managers (VuVL)

22 SINGAPORE Singapore is our gateway to Asia, virtually our second home. We opened Singapore shortly after founding FINAPORT Zurich and we have a Boutique Capital Market License (CML) there. We are a foun- ding member of the local association and one of our colleagues is Treasurer on the Board of Directors. In Singapore, we mainly look after Asian clients. CANADA We have several Canadian clients, but not so many as to justify a physical presence of FINAPORT in Canada. We have therefore applied for and received a licence in Toronto and Montreal from FINAPORT Zurich which allows us to look after Canadian clients from a specific size in Zurich. Our point of contact in Canada is a law firm located there. USA We have two different interests in the USA. On the one hand, in the future we would like to look after clients from Latin America and also from Miami. For this purpose, we have founded a company in Miami with a State of Florida licence. On the other, we intend to look after US citizens from Zurich. To do so, we have obtained a SEC licence in Zurich. For legal reasons, we use a separate company for this. 22

23 ORPORATE OVERNANCE 23

24 CORPORATE GOVERNANCE «Risk management means identifying potential risks and taking precautionary steps.» At FINAPORT, corporate governance and compliance belong to the legal side of the company (Legal Department and the Board of Directors) and risk management to the company s management and asset management side. Nevertheless, we see compliance as part of operational risk management, because the goals (preventing damage) and processes (identification, analysis and management) are the same. Compliance is therefore comprised of two equal systems: The system for identifying and preventing legal risks and the system for ensuring proper financial processes (Internal Control System, ICS). The Director responsible for Legal & Compliance on FINAPORT s Board of Directors is also Chairman of the SRO of the Swiss Association of Asset Managers (SAAM). As a lawyer and co-owner of one of the leading Swiss legal practices specialising in finance, he is responsible for the ultimate supervision of FINAPORT s compliance and is the direct point of contact for the auditors. A specialist SwissComply team responsible for FINAPORT works under him as part of a Service Level Agreement. 24

25 HANK YOUR OR YOUR NTEREST 25