External Asset Managers
Partnership-based solutions with foresight
New financial market regulations pose major challenges for wealth managers and are becoming increasingly time sensitive. The transitional period for the licensing of wealth managers and trustees expires at the end of 2022. Wealth managers can use the time until then to thoroughly gear their business activities for the future and to comply with the new regulations. With Reuss Private AG at your side, you too can concentrate fully on your clients in future.
By the end of 2022, wealth managers will be required to obtain their own FINMA licence, join a supervisory organisation or otherwise affiliate themselves with an organisation to comply with the new financial market regulations. According to published figures from the Swiss Financial Market Supervisory Authority FINMA, only about one third of wealth managers have submitted the necessary application so far.
Despite the stringent requirements of the FinSA and FinIA, it is still your clients who have the highest expectations. And for you, up-close and personal advice is what counts first and foremost. Reuss Private therefore aims to be your partner in overcoming the hurdles set by the FinSA and FinIA, providing you with the necessary infrastructure and taking over administrative tasks. This will allow you to continue to focus on your clients without hindrance and to comply with the FinSA and FinIA without affecting client relationships.
Your expert partner in the back and middle office
We offer two tailor-made solutions that allow you, as a wealth manager, to benefit directly from our expertise:
As a full partner
of Reuss Private AG
As a partner of Reuss Private, you will have full access to our infrastructure and, with our FINMA licence as an investment firm, you can continue to serve your clients conveniently without having to incur the additional administrative expense caused by the FinSA and FinIA.
We also provide contracts and IT infrastructure that facilitate state-of-the-art and compliant business practices with a high level of security. We handle functions such as risk management and compliance directly. We also take care of anti-money laundering and client monitoring, including sanctions screening. In addition, we offer solutions for (salary) accounting and commission calculations. A part of the wealth management fee is paid out to the Reuss Group for this purpose.
An appropriate succession plan (earn-out model) also ensures that your clients will continue to receive professional support in the near and distant future.
As an independent partner
of Reuss Private AG
We assist you with registration in the register of advisors. You will be affiliated to Reuss Private AG and will be granted access to our entire operational infrastructure, our contract system and state-of-the-art IT systems, which will allow you to continue to present your clients with your own look and feel when managing their individual assets.
Owing to a cross-border network with specialists in the fields of financial market regulation and capital market law in Germany and Liechtenstein, we can also assist you in your cross-border business. This makes it possible for you to actively support clients or enter the EU market.
Viktor Fischer, Partner
With us, you can concentrate on your core activities again.