Customer information under the Financial Services Act (FIDLEG)
Based on the statutory requirements under Art. 8 ff. of the Financial Services Act (FIDLEG), the following provides an overview of Lakefield Partners AG (hereinafter the “financial institution”) and its services.
1. Information about the company financial institution
The financial institution was founded in 2012.
Supervisory authority and audit firm
Since 2014, the financial institution has held authorisation as a manager of collective assets and is therefore subject to prudential supervision by the Swiss Financial Market Supervisory Authority FINMA. As part of this supervision, the financial institution is audited and reviewed annually by the audit firm Grant Thornton AG, both from a regulatory and a company law perspective. The addresses of FINMA and Grant Thornton AG are listed below
Ombudsman office
The financial institution is affiliated with the independent OFS Ombud Finance Switzerland ombudsman office, which is recognised by the Swiss Federal Department of Finance. Disputes concerning legal claims between clients and the financial institution should, where possible, be resolved through mediation by the ombudsman office.
The address of OFS Ombud Finance Switzerland is listed below.
OFS Ombud Finance Switzerland
Boulevard des Tranchées 16
1206 Geneva
2. Information about the financial services offered
The financial institution provides its clients with asset management services and investment advisory services.
The financial institution also provides financial services in the area of collective investment schemes. For information on the various collective investment schemes, the general risks, characteristics and how they operate, please refer to the relevant prospectuses and factsheets.
The financial institution neither guarantees a return nor a successful outcome in the context of investment activity. Investment activity may therefore lead to an increase in value, but also to a loss in value.
The financial institution holds all required authorisations to provide the services described above.
3. Client segmentation
Financial service providers must assign their clients to a client segment prescribed by law. The Financial Services Act provides for the segments “private clients”, “professional clients” and “institutional clients”. A client classification is defined for each client as part of the cooperation with the financial institution.
At the financial institution, all clients are generally assigned to the “private clients” segment. This gives them the most comprehensive investor protection, which has particular implications for information obligations and conduct obligations in connection with the assessment of suitability and appropriateness when acquiring financial instruments.
Subject to certain conditions, the client may change their client classification through so-called opting in or opting out.
4. Information on risks and costs
General risks in dealing with financial instruments
Investment advisory and asset management services involve financial risks. Before the contract is concluded, the financial institution provides all clients with the brochure “Risks in Trading Financial Instruments”. This can also be viewed on
swissbanking.org
.
If they have any further questions, clients of the financial institution can contact their relationship manager at any time.
Risks associated with the service offered
For a description of the various risks that may arise from the investment strategy for client assets, please refer to the relevant investment advisory and asset management agreements.
Cost information
A fee is charged for the services provided, which is usually calculated on the basis of the assets under management and/or on a performance basis. For more detailed information, please refer to the relevant investment advisory or asset management agreements.
5. Information on ties to third parties
In connection with the financial services offered by the financial institution, no economic ties to third parties arise and no payments from third parties are accepted.
6. Information on the market offering considered
The financial institution’s own collective investment schemes are used for the efficient implementation of the investment strategies in the asset management mandates or recommended as part of an investment advisory service. In investment segments that are not covered by the institution’s own collective investment schemes, an attempt is made to make the best possible choice for the client when selecting financial instruments.