FinSA Client Information

Based on the legal requirements of Art. 8ff. of the Financial Services Act (FINSA), we would like to supply you with this information sheet which provides an overview of Fern Wealth AG (hereinafter referred to as the «financial institution») and its services.

A. Company information

Address

The financial institution was established in 2016.

Supervisory authority and audit firm

The financial institution has been licensed as a portfolio manager in accordance with the Swiss Financial Market Supervision Act (FinIA) since 2016 and is therefore subject to prudential supervision by the Swiss Financial Market Supervisory Authority FINMA. As part of this supervision, the financial institution is audited by the SWA Swiss Auditors both in terms of regulatory law and obligations. The address of FINMA and the SWA Swiss Auditors can be found below.

Supervisory organisation

The financial institution is affiliated with Osfincontrol Suisse AG which monitors the ongoing compliance of asset managers with the licensing requirements and conduct obligations under the Financial Services Act (FIDLEG) and the Financial Institutions Act (FINIG). It is authorised by the Swiss Financial Market Supervisory Authority (FINMA) to perform this supervisory function.  

OSFINcontrol AG
c/o VQF Verein zur Qualitätssicherung von Finanzdienstleistungen
General-Guisan-Strasse 6
6300 Zug
T: +41 41 767 36 00
info@fincontrol.ch
www.fincontrol.ch

Ombudsman

The financial institution is affiliated with the independent ombudsman Finanzombudsstelle Schweiz (Finos), which is recognized by the Federal Department of Finance. Disputes concerning legal claims between the client and the financial services provider should be settled by an ombudsman’s office, if possible, within the framework of a mediation procedure. The address of office Finanzombudsstelle Schweiz (Finos) is stated below.

B. Information on the offered financial services

The financial institution provides discretionary based portfolio management services for its retail clients in collective investment schemes.

The financial institution also provides financial services in collective investment schemes. For further information on the various collective investment schemes, the general risks, specifications, and operating procedures, please refer to your client adviser.

The financial institution does not guarantee any yield nor performance of investment activities. The investment activity can therefore lead to an appreciation or a depreciation in value.

C. Client segmentation

Financial service providers are required to classify their clients into a client segmentation according to the law and adhere to the respective code-of-conduct. The Financial Services Act provides for «retail clients», «professional clients» and «institutional clients» segments. For each client, a client classification is determined within the framework of the cooperation with the financial institution. Subject to certain conditions, the client may change the client classification by opting out. All clients are considered retail when using Fern Wealth services, thereby affording clients the maximum level of protection under FINMA.

D. Information on risks and costs

General risks associated with financial instruments transactions

Portfolio management services involve financial risks. The financial institution shall provide all clients with the Risks associated with Financial Instruments Transactions brochure prior to the execution of the contract. This brochure can be found by clicking this link fernwealth.ch.

Clients of the financial institution may contact their client adviser at any time if they have any further questions.

Risks associated with the offered services

For a description of the various risks that may arise from the investment strategy for clients’ assets, please refer to the relevant asset management agreements.

If unusual concentrations of risk within the client portfolio cannot be ruled out, the nature and extent of such concentration risks shall be disclosed to the client. Indicators of such unusual concentrations of risk are:

• a concentration of 10% or more in individual securities;
• a concentration of 20% or more in individual issuers.

Concentrations from collective investment schemes that are subject to regulatory risk diversification rules, such as UCITS funds and Swiss securities funds, are excluded.

As a discretionary portfolio manager for its clients, the basic information sheet of the recommended financial instrument can be requested from your client adviser at anytime. 

Information on costs 

A fee is charged for the services rendered, which is usually calculated on the assets under management. In the case of asset management and portfolio-based investment advice, if the exact amount of third-party remuneration cannot be determined in advance, the client shall be informed of the range of the expected remuneration in relation to the portfolio value and the agreed investment strategy.For more detailed information, please refer to the relevant investment asset management agreement.

E. Information about relationships with third parties

In connection with the financial services offered by the financial institution, economic ties may exist with third parties. The acceptance of payments from third parties as well as their treatment are regulated in detail and comprehensively in the respective asset management agreement.

F. Information on the market offer considered

The financial institution does not offer any own financial instruments but follows an open universe approach, aiming to select the most suitable financial instruments for its clients. This strategy allows for comprehensive analysis and regular portfolio updates to ensure that clients consistently benefit from the best available investment options.

G. Suitability test for portfolio-based investment advice and asset  management

When providing portfolio-based investment advice, the financial institution provides investment advice that takes into account the client portfolio. When providing asset management services, the financial institution must also take into account the entirety of the client portfolio it manages. In contrast to investment advice, it also makes the investment decision itself.

In both these cases, the financial institution must determine the financial circumstances and investment objectives as well as the knowledge and experience of the clients. In this context, the knowledge and experience relates to the financial service and not to the individual transactions.

The information gathered by the financial institution about the knowledge and experience of the clients must take account of the investment strategy, and the granularity of the survey must be adapted to the complexity and risk profile of the investment and the investment strategy. In particular, the financial institution must be certain about the knowledge and experience of the clients in relation to each relevant investment category used in the financial service.