Welcome investors and financial strategists! We’re introducing an opportunity to acquire a Swiss Portfolio Management Company for Sale(“PFLC”), nestled in the financial heart of Zug. It is not operating yet and does not have AUM but can be put into operation in a month. If you want an operating one with AUM, we also have one for sale. Let’s explore what makes this opportunity not just intriguing, but potentially very lucrative. We eagerly anticipate the opportunity to assist you at connect@swissfintechpro.com
Place or Registration Zug
Date of Registration 2021
Capital 100,000 CHF
Objectives: Portfolio Management
Portfolio Management License Licensed by Finma 2022
Supervised by AOOS Zurich
Employees: one Asset Manager of record
Risk Management Grant Thornton
Iguv Software for Internal Control System
Ardis by Polixis Software for sanctions and Kyc
Compliance Management Grant Thornton
Risk and Compliance Officer in house
Legal Counsel Outsourced
In House Asset Manager Yes one on the records can remain
Auditor KPMG
Member of Associations VSV Zurich
IGUV Zurich
Bank Accounts: Corporate account: Credit Suisse
Zuger Cantonal Bank
Banks Asset Management Relationships
Vontobel Bank
Mirabeau Bank
Swissquote Bank
Office: Real office
IT Infrastructure Architeq AG (Data storage and IT support)
HostPoint AG (website)
Skribble (electronic Signature)
Insurances Professional Liability : Liberty
Third Party liability: Zurich
Pension Funds: AXA
Accident Insurance: Solida
Assets Under Managements None but we know Asset Managers that could bring AUM to the company in exchange for a profit-sharing deal on the fees and some equity in the Company. This would have to be negotiated separately
Sales and Purchase Price 625,000 CHF / note an equivalent company was sold 695,000 CHF last week, so this is a good price
You can start operating as an Asset Manager in Switzerland immediately and provide, Discretionary Management of Client Portfolios, Investment Advice, Asset Allocation and Risk Management…
You can start operating as fund manager: A PFLC can benefit of the ‘De Minimis’ rule. This rule allows firms managing funds below certain thresholds to operate with a portfolio management license, albeit under specific regulatory conditions, instead of a full CISA license. The thresholds are:
As Switzerland has a waterfall system the Portfolio Management company can provide in addition all the services of an SRO
You can upgrade the license with a Collective Investment (CISA) license
As Switzerland has a waterfall system the CISA licensed company can provide all services of a CISA company + all services of a Portfolio Management company and all services of an SRO
Professional Fees for the upgrade: 75,000 CHF
Key aspects of the FINMA CISA Fund License include:
Management of Collective Investment Schemes: Entities holding this license are authorized to manage collective investment schemes. This involves making investment decisions, implementing investment strategies, and managing assets on behalf of the investors in these schemes.
Asset Administration: Besides asset management, the license also covers functions like fund administration, which includes calculating net asset values (NAVs), keeping fund accounts, and ensuring regulatory compliance in terms of reporting and disclosure.
Marketing of Funds: Entities with a CISA license are typically authorized to market collective investment schemes to both qualified and non-qualified investors, depending on the type of fund and the regulatory conditions.
Compliance with CISA Regulations: Entities must comply with the regulations set out in the CISA, which include requirements for risk management, investor protection, transparency, and governance.
Fund Representation: For foreign collective investment schemes, a CISA license is necessary to act as a representative in Switzerland, ensuring that the foreign schemes comply with Swiss regulations for investor protection.
The adoption of Article 118a in CISA indeed creates a new category for L-QIFs, which offers several advantages primarily due to the exemption from the requirement of FINMA authorization prior to launch. Here are the key benefits you’ve outlined, along with some additional context:
Increased Flexibility: The exemption from FINMA authorization allows for greater operational flexibility in setting up and managing L-QIFs. This can facilitate more innovative and diverse investment strategies.
Without the need for regulatory approval processes, you can bring L-QIFs to market more rapidly, which presents a significant advantage in a dynamic investment environment.
Lower Costs: By circumventing the lengthy and often costly authorization process, L-QIFs can potentially reduce regulatory and administrative expenses, making them an attractive option for fund managers.
Access to Qualified Investors: L-QIFs are limited to qualified investors, which in Switzerland encompasses a broad spectrum due to the relatively low threshold for qualifying as a “qualified investor”. This access to a potentially large and more sophisticated investor base can be advantageous. Besides Switzerland being a pragmatic country, retail investors can become qualified investors by simply signing a letter that they want to be treated as such.
Tax Efficiency: Switzerland’s favorable tax regime can make L-QIFs an attractive option for tax-efficient fund structuring.
We encourage you to contact us to further discuss your strategy and how we can assist you in acquiring this Swiss Portfolio Management Company for Sale . We eagerly anticipate the opportunity to assist you at connect@swissfintechpro.com.
