Fixed fees are calculated on a quarterly basis. The fees are fixed as a percentage of the average invested capital of the previous quarter and are calculated pro rata temporis. A share in any performance achieved is not included in this option.

In addition to the fixed fee mentioned above, an annual performance-based fee is charged based on the performance achieved. This is fixed at the rate of 10% of the net growth achieved in a calendar year (=growth after deduction of all bank charges and the fixed fee) that is greater than the contractually specified target return on investment. The performance-based fee is waived if losses were incurred in previous accounting periods. The fee will be waived until such time as the losses are fully redeemed.

You decide how often you would like to receive information. Your contact person is always at your disposal. Usually, you receive a detailed statement of assets with the investment report on a quarterly basis, however, you can specify how often you would like to receive this information to suit your own individual needs.

Yes, you can obtain any information you would like about your cash balances and current holdings as well as transactions directly from the bank at any time and without our knowledge or involvement. If you wish, the bank can send all correspondence directly to you.

Yes, since we invest in stock exchange traded equities or otherwise regularly tradable securities, if required, we can sell investments, either in total or in part, swiftly so that money can be withdrawn from the assets held under discretionary mandate. In order to avoid unnecessary costs, however, it would be advantageous to advise us of your intention to make any such withdrawals as soon as feasible.

No, within the context of the three-way relationship between bank, the client and external asset manager, the bank will not comment or offer opinions on investments transacted by us or provide you with investment alternatives.

Of course. All bank services used by you are also available within the context of a discretionary mandate without any restrictions. However, within the framework of an asset management mandate, we work on the assumption that investment business will be exclusively initiated by us.

We have negotiated particularly favourable terms for our clients with most custodian banks and these apply to you. With certain banks, this may also be an all-in-fee instead of the customary custodian and brokerage charges.

No, we do that for you. We receive a copy of all bank statements, which we then check and enter into our portfolio management system.

The fee is calculated on a quarterly basis pro rata temporis based on the average invested capital of the previous three months and then debited directly at the bank from your account.

The performance fee is charged in addition to the fixed fee. It amounts to 10% of the net increase (= growth after deduction of all bank charges and the fixed fee) achieved during the calendar year that is greater than the contractually specified target return on investment. The performance fee is waived if losses were incurred in previous accounting periods. The fee is waived until these losses have been fully recovered.

A discretionary mandate is subject to contractual law and accordingly may be terminated at any time without giving prior notice.

By law, asset management companies, as well as their executive bodies and client relationship managers, must be registered and obtain official authorisation. We are subject to the statutory regulations and supervision of the Liechtenstein Financial Market Authority (FMA), which itself formulates its regulations in alignment with the strict European Union regulations. The FMA regularly conducts audits concerning compliance with the law and professional ethical standards.

Your money is not deposited with us but is deposited with a reputable custodian bank, from whom you can obtain information about the current status of your account and transactions at any time yourself. The special power of attorney for asset managers only allows an asset manager to carry out securities and foreign exchange transactions within your bank relationship. Payments and withdrawals, with exception of the debiting of our fees, cannot be carried out by us. Furthermore, our activities are closely supervised by the FMA.