Swiss SRO Asset Management Company for Sale

Latest opportunity to grab a Swiss SRO Asset Management Company for Sale before the price go through the roof. Do not hesitate to contact me at connect@swissfintechpro.com for more information on this matter.

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For Swiss SRO for Sale

• CLICK HERE for our first SRO offer.
  CLICK HERE for our CRYPTO SRO offer.

As to Swiss Portfolio Asset Management Fund License for sale

• CLICK HERE for our Readymade Finma Portfolio License.
• CLICK HERE for our Operating Portfolio Management Company with AUM

We have 2 Swiss SRO for sale with bank accounts. Price is inclusive of

• Company
• Bank Account Preopened
• One Additional Bank Account
• SRO/Finma Supervision
• Swiss Resident Director up to end of this year
• Compliance Officer up to end of this year including 10 hours of compliance (additional hours 250k chf per hour)
• AML KYC Manual
• Virtual Office
• Dedicated swiss phone line

Selling Price 398,000 EUROS

FINANCIAL SERVICES THAT ARE COVERED BY SRO  

The Swiss SRO Asset Management Company for Sale are authorized to provide services as follows

 Asset Management and trust Related Activities (until end of 2022 after which need to renew license with Finma)

• makes investments as investment advisers;
• manages assets;
• holds securities on deposit or manage securities
• under article 2 paragraph 3 of AMLA are also able when carrying on business of Independent Asset Manager (article 2 paragraph 3 of AMLA letter 2) and pursuant to article 3 letter C of the Collective Investment Schemes Act (CISA) to provide information and the subscription of collective investment schemes to their clients, if they have with their clients a written discretionary management agreement without further authorisation needed.

Other Financial Services (no time limitation)

• trade for their own account or for the account of others in banknotes and coins, money market instruments, foreign exchange, precious metals, commodities and securities (stocks and shares and value rights) as well as their derivatives;
• carries out credit transactions (in relation to consumer loans or mortgages, factoring, commercial financing or financial leasing);
• provides services related to payment transactions, by carrying out electronic transfers on behalf of other persons, or who issue or manage means of payment such as credit cards and travellers’ cheques;
• crypto wallet or crypto exchange.

SWISS SRO PERMISSIONS WITH REGARD TO CONTROLLING AND HOLDING FUNDS

COMPANY OWN FUNDS

There are no limitations as to what the SRO can do with its own fund.

 CLIENT FUNDS

A Swiss SRO can either control client funds or hold client funds

Controlling Client Money

 The SRO

• sign an External Asset Manager with a bank (for example Pictet, Julius Baer, UBS Swiss Quote or Dukascopy if for forex brokerage etc……)
• asks its clients to open account with the designated bank. The set of bank account opening documents will includes a discretionary power of attorney in favor of the bank.
• Now where it becomes interesting is: first 2 or 3 clients the bank will do the SRO clients DD, but after this when trust is established the SRO itself do the DD so the bank opening process becomes very streamlined and easy.
• Once client account opens the SRO control and manage the client money.

 HOLDING CLIENT MONEY

In Switzerland, the principle is that only banks can receive deposits from the public. Of course, as every principle this one contains a lot of exceptions

SRO and SRO Asset Management companies can receive funds that are either

1. Not a considered a deposit from the Public
2. Are from the Public but do not qualify as deposit

Article 5, paragraph 2, ARE NOT CONSIDERED AS DEPOSITS OF THE PUBLIC THE FUNDS COMING FROM:

a. Swiss or foreign banks or other companies subject to state supervision;

1. shareholders or partners of the debtor who hold qualifying shareholdings;

Qualified shareholders, i.e. those holding more than 10% of the votes or capital

c. persons who have economic or family ties with those referred to in the let. b;

Economically connected persons (eg parent companies, subsidiaries or sisters) are especially close and should not be treated like the rest of the public. Contrary to this same public, they regularly receive information in advance and are able, compared to other shareholders, to exercise their influence sooner.

d. institutional investors whose cash is managed professionally;

Depending on the concrete circumstances, may fall into this category of investors, which cannot be compared with the public, for example pension funds, municipalities, industrial and commercial enterprises. In addition, the requirement of professionally managed cash flow implies that at least one experienced person with financial qualifications is primarily and consistently responsible for managing the financial resources of the enterprise.

e. employees and retirees of a business when the funds are deposited with it; or

1. applicants to associations, foundations or cooperative societies that:
   1. are not active in the financial field,
   2. pursue an ideal or mutual aid purpose and use the depots exclusively for that purpose, and
   3. hold these for a minimum of six

II: ARTICLE 5 PARAGRAPH 3 ARE NOT CONSIDERED DEPOSITS

Finally, a swiss financial intermediary company can receive funds that are not deemed deposit

a. funds received in consideration of a contract of transfer of property or services, or delivered as security;

b. loans by bonds and other bonds issued in standardized form and distributed in large numbers or rights with the same function (securities), when creditors are informed in a manner equivalent to the prescriptions provided by art. 1156 of the Code of Obligations (CO) 6;

Unlike an interest-bearing deposit made individually, such investment instruments represent standardized obligations, which art. 1 al. 2 LB expressly excludes, where the minimum information prescribed by the law of obligations is available. Cash certificates issued in isolation are not treated as bonds.

c. balances on behalf of clients with securities or precious metals dealers, asset managers or similar businesses that are used solely to execute client transactions if:

1. No interest is paid on the accounts, and
2. provided that the accounts are not receivables from securities dealers: the execution takes place within 60 days;

Such accounts are solely for keeping available the necessary liquidities for the liquidation of the main business in the foreground. The prohibition of paying interest on such deposits shall ensure a rapid circulation and a limitation of the volume of such amounts.

Account balances with a dealer in precious metals are covered by this exception if the dealer physically disposes of his clients’ precious metal holdings and the clients have a right of distraction in the event of the merchant’s bankruptcy. .

Following art. 5 al. 3 let. c OB, foreign exchange dealers who hold accounts for their clients to invest in different currencies have not benefited since April 1, 2008 from this exception.

Paragraph 2 facilitates crowdfunding operations. The government is extending an exemption already adopted in April 2016 in the Banking Ordinance. But the 7 days originally planned are not enough. According to a study in Germany, it takes an average of 21 days to raise the money needed at crowdfunding sites.

d. funds whose acceptance is indissolubly linked to a life insurance contract, occupational benefit plans or other recognized forms of provident insurance within the meaning of art. 82 of the Federal Act of 25 June 1982 on Occupational Retirement, Survivors’ and Disability Pension Plans;

1. small funds allocated to a payment instrument or payment system, when they are used only for the future acquisition of goods or services and do not produce interest;

they are used only for the future acquisition of goods or services,

• they never exceed the maximum amount of CHF 3’000.- per customer and per payment service provider or payment system operator, and
• they do not produce interest. Discounts or other pecuniary benefits may only be granted on goods or services and must not depend on the amount of the assets (Article 5 (3) (e) OB).

f. funds whose repayment and remuneration are guaranteed by a bank (guarantee of the risk of default).

FUND MANAGER

 A Swiss SRO company can act as a fund manager providing the following conditions are fulfilled

The investors of the funds are deemed

1. to be qualified investors AND
2. Assets under management of such collective investment schemes may not

1. exceed CHF100m including leveraged assets OR CHF
2. 500m for non-leveraged assets where investors cannot exercise termination and redemption rights for a period of five years.

OR 

1. to be qualified investors AND

consist solely of companies belonging to the same financial group as the asset managers themselves either that one company directly or indirectly

1. holds more than half the voting rights or capital of the other, OR
2. controls it in any other way.

But the Swiss SRO company is not a fund in itself, therefore you will need fund license as well Best if you want to set up several funds is to purchase a readymade Bahamas umbrella fund license. The Swiss SRO will then act as fund manager

Do not hesitate to contact me at connect@swissfintechpro.com for more information on the Swiss SRO Asset Management Company for Sale matter.