swisspartners Group
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| Industry | Wealth management and asset management |
|---|---|
| Predecessor | swisspartners Group AG |
| Founded | Switzerland (1993) |
| Founders | Martin P. Egli, Dirk van Riemsdijk and Rainer Moser[1] |
| Headquarters | , |
Number of locations | Zürich, Rapperswil, Vaduz |
Area served | Worldwide |
Number of employees | 110 (2023) |
| Website | www |
The swisspartners Group is a Swiss wealth management and asset management firm, comprising several legal entities. They have offices in Zurich, Rapperswil and Vaduz (Liechtenstein) .[2] As of 2017[update] swisspartners was one of the largest independent investment management firms in Switzerland.[3]
History
[edit]The swisspartners Group's first legal entity, swisspartners Investment Network AG, was incorporated in 1993 as a joint stock corporation under Swiss law.[4] It is a member of the Swiss Association of Asset Managers (SAAM)[5] and regulated by its Self-Regulation Body (SRO).[6] In 1995, swisspartners Insurance Company was launched.[7] The swisspartners Wealth Management AG was founded in 1997.
In 1998, swisspartners Investment Network AG opened a branch in Basel, Switzerland, which was closed in 2013. The swisspartners Versicherung AG was founded in 2002 and swisspartners AG was launched in 2003, both Liechtenstein based companies under the control of the Liechtensteinische Finanzmarktaufsicht FMA.[8] The swisspartners Investment Network AG opened an additional subsidiary in 2003 in Geneva, Switzerland and in 2008 swisspartners Advisors Ltd. was founded.[9] The swisspartners Group shares are held by partners active in the business (85%) and financial investors (15%).
In 2017, swisspartners Group performed a reorganisation in order to prepare for future client and regulatory needs. Since 2017, the newly founded swisspartners Group AG, Zurich, was positioned as the new holding company. The Swiss and non-EU asset management business is processed in the newly founded swisspartners AG, Zurich (member of SAAM and SRO) and the middle office and back office processes as well as the infrastructure management of the group was organised in the newly founded into this entity.
Organization
[edit]The swisspartners Group is active in three areas of business: asset management, life insurance and fiduciary services. The Liechtenstein-based swisspartners AG serves as a "EU-Passport", thus the company is allowed to perform assent management services in the European Union. swisspartners Advisors Ltd is registered with the SEC it is allowed to serve U.S. citizens.[10][11]
In the Media
[edit]swisspartners avoided criminal charges "as a direct result of its decision to self-report misconduct" as explained by the U.S. Attorney for the Southern District of New York, Preet Bharara. The swisspartners agreed in May 2014 to pay $4.4 million to the United States to settle a probe concerning whether or not it helped US taxpayers to evade their federal income taxes.[12]
References
[edit]- ^ "Swisspartners at a Turning Point". Finnews. September 11, 2023.
- ^ "About swisspartners". swisspartners. Retrieved 24 June 2014.
- ^ "Brochure" (PDF). swisspartners Advisors. Retrieved 24 June 2014.
- ^ "Swisspartners Hands in American Clients to US Authorities". The Wolfe Law Group. Retrieved 24 June 2014.
- ^ "Member Search". VSV-ASG. Retrieved 24 June 2014.
- ^ "Self-regulation". VSV-ASG. Retrieved 24 June 2014.
- ^ "swisspartners Insurance Company". swisspartners Insurance Company. Retrieved 24 June 2014.
- ^ "FMA". FMA. Retrieved 17 January 2017.
- ^ "Brochure" (PDF). swisspartners. Retrieved 17 January 2017.
- ^ "swisspartners Advisors". Swisspartners Advisors. Retrieved 17 January 2017.
- ^ "The swisspartners Group". Swisspartners Group. Retrieved 17 January 2017.
- ^ Mark Hosenball; Julia Edwards. "Swisspartners Group to pay $4.4 million in U.S. tax evasion probe". Reuters. Retrieved 24 June 2014.[dead link]