Today, leading Swiss newspaper NZZ reports on the lack of transparency in private banking and the difficulties for investors who want to make an informed decision about which provider to choose. The author Michael Schäfer sums it up nicely: “Anyone who has accumulated a certain amount of wealth and simply entrusts it to their house bank or checks out the first three addresses that come to mind has a good chance of ending up with a provider that delivers less than satisfactory results.” Two Swiss companies that support customers in solving this problem are mentioned: One where customers have to pay for advice and the other is FinGuide AG, which offers the service free of charge. You can find the article in German here.
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