Swiss & US custodians
In collaboration with a Swiss SEC-registered investment adviser
In collaboration with a Swiss SEC-registered investment adviser, an account can be established with a Swiss and/or, with some Swiss SEC RIAs, a US custodian.
A US client chooses a custodian in collaboration with a Swiss SEC RIA and gives the Swiss SEC RIA a discretionary mandate with a limited power of attorney to manage the account held with the custodian (or an advisory mandate). Swiss SEC RIAs may collaborate with several Swiss and/or US custodians, the choice is yours.
The Swiss custodian adheres to FATCA requirements and provides all the statements and documents required for timely reporting as well as for preparing the forms needed to file taxes correctly with the IRS.