FIDLEG client information
Based on the legal requirements of Art. 8 et seq. of the Financial Services Act (FIDLEG), the following provides an overview of Palomar Asset Management AG (hereinafter the "Financial Institution") and its services.
Information on the Financial Institution
Address
Limmatquai 72
8001 Zurich
Phone: +41 44 269 80 00
E-mail: contact@palomarltd.com
homepage: www.palomarltd.com
The financial institution was established in November 2006.
Supervisory authority and audit company
Palomar Asset Management is authorized by FINMA (Swiss Financial Market Supervisory Authority), pursuant to Art. 17 FINIG, to provide asset management services and is supervised by AOOS (Schweizerische Aktiengesellschaft für Aufsicht).
The financial institution is audited and reviewed by the audit firm Grant Thornton AG, Zurich, for both regulatory and compliance purposes. The address of AOOS and Grant Thornton AG, Zurich, can be found below.
AOOS - Schweizerische Aktiengesellschaft für Aufsicht
Clausiusstrasse 50
8006 Zürich
Telefon: +41 44 215 98 98
E-Mail: info@aoos.ch
Webseite: www.aoos.ch
Audit firm:
Grand Thornton AG
Claridenstrasse 35
8002 Zurich
Phone: +41 43 960 71 71
E-Mail: marketing@ch.gt.com
Homepage: www.grantthornton.ch
Ombudsman's Office
The financial institution is affiliated with the independent ombudsman's office OFS, which is recognized by the Federal Department of Finance. Disputes concerning legal claims between customers and the financial institution shall be settled by the ombudsman's office as far as possible within the framework of a mediation procedure. The address of the OFS can be found below.
OFS
16 Boulevard des Tranchées
1206 Geneva
Phone: +41 22 808 04 51
E-Mail: contact@ombudfinance.ch
Homepage: www.ombudfinance.ch
Information on the financial services offered
The financial institution provides asset management services and transaction-based investment advisory services to its clients. In the case of a transaction-based investment advisory mandate with the financial institution, a personal recommendation relating to individual financial instruments is provided to the clients. The decision to buy or sell always ultimately remains with the client.
The financial institution guarantees neither a return nor a success within the scope of the investment activity. The investment activity can therefore lead to an increase in value, but also to a loss in value.
Client segmentation
Financial service providers must assign their customers to a customer segment defined by law. The Financial Services Act provides for the segments "private customers", "professional customers" and "institutional customers". A customer classification is determined for each customer as part of the cooperation with the financial institution. Subject to compliance with certain conditions, the customer can change the customer classification by so-called opting-in or opting-out.
Information onrisks and costs
General risks in trading with financial instruments
The transaction-related investment advisory and asset management services involve financial risks. The financial institution shall hand out the brochure "Risks in Trading with Financial Instruments" to all customers prior to conclusion of the contract. This can also be viewed at www.swissbanking.org.
In case of any and further questions, the clients of the financial institution may contact their client advisor at any time.
Risks in connection with the service offered
For a presentation of the various risks that may arise from the investment strategy for the client's assets, please refer to the relevant transaction-related investment advisory or asset management agreements.
Information on costs
A fee is charged for the services rendered, which is normally calculated on the assets under management and/or on a performance basis. For more detailed information, please refer to the relevant transaction-related investment advisory or asset management agreements.
Information about ties to third parties
In connection with the financial services offered by the financial institution, economic ties may exist with third parties. The acceptance of payments from third parties and their treatment are regulated in detail and comprehensively in the respective transaction-related investment advisory or asset management agreements.
Information on the market offer considered
The financial institution basically follows an "open universe approach" and tries to make the best possible choice for the customer when selecting financial instruments.