This section provides you with an overview of Genesis Investment Partners AG (hereinafter referred to as “we” or “us”) and our services. It also contains important information in accordance with the Swiss Financial Services Act of 15 June 2018 (FinSA).
The current version of this information is always available on our website at www.genesis-ip.ch. Any amendments or updates become effective upon publication on this website.
Name Genesis Investment Partners AG
Address Bahnhofstrasse 69a
Zip code / place 8001 Zurich, Switzerland
Email info@genesis-ip.ch
Website genesis-ip.ch
IUD no. CHE-405.246.266
We hold a license pursuant to Article 17 paragraph 1 of the Swiss Financial Institutions Act, which has been granted to us by the Swiss Financial Market Supervisory Authority FINMA, Laupenstrasse 27, 3003 Bern. Furthermore, we are supervised by the supervisory organization FINcontrol Suisse AG.
Based on an in-depth analysis of the financial markets and a selection of financial instruments that is independent of any provider as a basic principle, we offer you many investment options and products such as equities, debt instruments, units in collective investment schemes, structured products, derivatives. We consider only third-party financial instruments.
We provide the financial service of portfolio management. We manage your assets in your name and on your behalf considering your financial situation and your investment objectives. Investment decisions are made by us at our full discretion.
We provide personal recommendations on transactions with financial instruments to you. The investment advice considers your entire portfolio (portfolio-based advice). You take the final investment decision.
We provide the financial service of execution only, i.e., we we forward your orders to your custodian bank for execution without any advice.
When providing financial services, we perform a suitability assessment as follows:
In case of portfolio management or portfolio-based investment advice, we enquire about your financial situation and investment objectives as well as your knowledge and experience with respect to the respective financial service in order to ensure that the provided service and the strategy are suitable to you.
In case of execution only we do not perform any appropriateness or suitability assessment. Please note that this information on the non-performance of any appropriateness and suitability assessment in case of execution only is provided to you only once and will not be further provided to you each time we will forward any order on an execution only basis.
In case you are a professional client, we assume that you have the required level of knowledge and experience and can financially bear the risks associated with the financial service.
In case you act through an authorized person (representative or agent), we will take account of the knowledge and experience of this person for the purpose of the assessment of the suitability.
In case you do not provide us with sufficient information for assessing the suitability of the financial service, we will inform you beforehand that we cannot perform the assessment.
You should take into account the following general risks:
asset preservation risk: the risk that the financial instruments in your portfolio will lose value: this risk, which may vary depending on the financial instrument, is borne in full by you. The various types of financial instruments and their associated risks are described in greater detail in the brochure "Risks Involved in Trading Financial Instruments" of the Swiss Bankers Association, which can be accessed via http://www.swissbanking.org/en/downloads .
information risk on our part: where we provide portfolio management or portfolio-based investment advice, we take into account your financial situation and your investment objectives in order to assess the suitability. If you provide us with insufficient or inaccurate information, we may not be in a position to perform the suitability assessment. Where we provide execution only, it is your responsibility to ensure that you understand the risks of the financial instrument and to decide, whether the financial instrument is suitable for you.
monitoring risk: where we provide execution only, we have no duty to monitor, warn or inform you and we do not perform an appropriateness or suitability assessment. Insufficient monitoring by you may give rise to various risks. It is your responsibility to monitor your portfolio.
risk of the selected investment strategy: where we provide portfolio management or portfolio-based investment advice, you bear the risks of the selected and agreed investment strategy. In addition, should you not wish to provide sufficient information on your financial situation, investment objectives or your knowledge and experience, we will not be in a position to determine your ability to take risks, advise you on the choice of the investment strategy and verify the suitability of our services provided.
risk as a qualified investor in collective investment schemes: where we provide portfolio management or portfolio-based investment advice, you are deemed a qualified investor according to the Collective Investment Schemes Act (“CISA”). Collective investment schemes for qualified investors may be exempt from regulatory requirements, which may give rise to risks, particularly with regards to liquidity, investment strategy or transparency.
The financial services we provide are subject to fees.
We may receive compensation from third parties in association with the services provided under the Agreement (e.g., commissions, provisions, or other pecuniary advantages based on distribution or other agreements with third parties, in particular with the custodian bank or with providers of investment funds and structured products). We disclose the amounts effectively received from third parties to you upon request.
In addition, we may transfer part of the remuneration received from you to third parties as compensation for services.
It can occur that the contact with you is ceased, and the assets subsequently become dormant. The following is recommended to prevent loss of contact or assets becoming dormant:
change of address and name: we kindly ask you to immediately notify a change of residence, address or name.
special instructions: we kindly ask you to inform us about longer absences and any redirection of correspondence to a third-party address or withholding of correspondence, as well as your availability in urgent cases during this time.
granting of powers of attorney: it may be advisable to designate an authorized person whom we can approach in the event of a loss of contact.
orientation of trusted persons and testamentary disposition: another possibility to avoid a loss of contact and news is to inform a trusted person about the relationship with us. However, we may only provide information to such a trusted person if he has been authorized to do so in writing. Furthermore, the assets concerned may be mentioned, for example, in a testamentary disposition.
We stay at your disposal to answer any questions. Further information can also be found in the brochure “Dormant Assets” published by the Swiss Bankers Association, which can be accessed via http://www.swissbanking.org/en/downloads .
Conflicts of interest may arise if we:
in breach of the principle of good faith and to the detriment of clients, can achieve a financial advantage for ourselves or avoid a financial loss;
have an interest in the outcome of a financial service provided for clients which is inconsistent with the client’s interest;
have a financial or other incentive in the provision of financial services to place the interests of specific clients above those of other clients; or
accept an inducement in the form of financial or non-financial benefits or services from a third party in breach of good faith in relation to a financial service provided to the client.
Conflicts of interest may particularly arise from the coincidence of:
several client orders;
client orders with own transactions or other own interests or companies affiliated with us; or
client orders with transactions of our employees.
In order to identify conflicts of interest and to prevent these from causing a detrimental effect on the client, we have issued internal directives and namely taken the following organizational precautions:
we have established an independent control function that continuously monitors our investment and employee transactions as well as compliance with market conduct rules. Through effective control and sanction measures, we can thus avoid conflicts of interest.
when executing orders, we respect the priority principle, i.e., all orders are executed without delay in the chronological order in which they are received.
we oblige our employees to disclose mandates that may lead to a conflict of interest.
we regularly train our employees and ensure that they have the necessary expertise.
we consult with and obtain the approval of the control function in the event of matters that may involve a conflict of interest.
We stay at your disposal for further information on potential conflicts of interest in connection with the financial services provided and the precautions taken to protect you upon request.
Name OFS Ombud Finanzen Schweiz
Address 16 Boulevard des Tranchées
Zip code / Place 1206 Genève
Telephone +41 22 808 04 51
Website ombudfinance.ch
This information brochure has been prepared exclusively for our clients. Despite careful examination, we assume no liability for the adequacy, accuracy, completeness or correctness of the content of this information brochure, in particular because some details may have changed after its publication. The contractual conditions between you and us prevail.