Proventus Ltd, Asset Management, registered with the Securities and Exchange Commission as an Investment Adviser, CRD 167142 and a member of VQF, a Swiss self-regulatory organization.
Investment advisory and brokerage services and fees differ and it is important for retail investors to understand the differences. Free and simple tools are available to research firms and financial professionals at https://www.investor.gov/CRS , which also provides educational materials about investment advisers, broker-dealers and investing.
What investment services and advice can you provide me?
We provide investment advisory services to individuals and high net worth clients and families and their trusts. We offer advisory accounts that allow us to buy and sell investments in your account without asking or notifying you in advance (“discretionary accounts”). Our investment authority is limited by the investment strategy which we define together with you and which is tailored to your particular requirements, and by the restrictions you might impose. We prefer that you invest a minimum of $1,000,000 with us. Related accounts can be aggregated.
Our Client Advisers review your investments regularly, but at least quarterly as part of our standard services.
More detailed information about our services are available in our Form ADV, Part 2A Brochure (Items 4, 7 and 13).
Given my financial situation, should I choose an investment advisory service? Why or why not?
How will you choose investments to recommend to me?
What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?
What fees will I pay?
Our annual fees range between 0.2% and 1% of the market value of the assets in the advisory account. The fee is charged quarterly at the end of each quarter. For the fee calculation we use the market value of your assets as of the last business day of each quarter. This fee model causes a conflict of interest since more assets in your advisory account mean more fees, thus our firm may have an incentive to encourage you to increase your assets in the account.
Our fees do not include custodian fees, fees for trade settlement, brokerage commissions, or taxes, nor management or other fees charged by funds and other transactional fees and product-level fees.
You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying.
More detailed information about our fees are available in our Form ADV, Part 2A Brochure (Items 5 & 6).
Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
What are your legal obligations to me when acting as my investment adviser? How else does your firm make money and what conflicts of interest do you have?
When we act as your investment adviser, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money creates some conflicts with your interests. You should understand and ask us about these conflicts because they can affect the investment advice we provide you. Here are some examples to help you understand what this means.
Emplyoee’s personal trading or outside business activities can interfere with the trading activities for your account. An employee can take improper advantage of information arising from a client relationship. Gifts and entertainments can induce an employee to preferential treatment of a specific client.
More detailed information about our legal obligations are available in our Form ADV, Part 2A Brochure (Items 6 “side-by-side management”, 10 and 11).
How might your conflicts of interest affect me, and how will you address them?
How do your financial professionals make money?
Our financial professionals are compensated on a fixed salary model and they can receive a bonus distributed by the company after a successful year.
Do you or your financial professionals have legal or disciplinary history?
No. Visit https://www.investor.gov/CRS for free and simple search tools to research us and our financial professionals.
As a financial professional, do you have any disciplinary history? For what type of conduct?
Where can I obtain additional information?
Call +41 44 217 83 83 to request up-to-date information or a copy of the relationship summary.
Who is my primary contact person? Is he or she a representative of an investment adviser or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?