Based on the legal requirements of Art. 8ff. of the Financial Services Act (FINSA), we would like to supply you with this information sheet which provides an overview of Principalis AG (hereinafter referred to as the «financial institution») and its services.
A. Company information
Address
Principalis AG
Seestrasse 63
8806 Bäch
+41 79 733 7799
info@principalis.com
www.principalis.com
The financial institution was established in 2017.
Supervisory authority and audit firm
Under the new Federal Act on Financial Institutions (FinIA), all financial institutions need a license from FINMA to carry out their professional activities as a portfolio manager. The financial institution received its license on 14.03.2024 and is supervised by the supervisory organization AOOS. The financial institution is audited by the auditing company SWA Swiss Auditors AG both in terms of regulatory law and obligations. The address of the supervisory organization and the audit company can be found below.
AOOS
Clausiusstrasse 50
8006 Zürich
041 44 215 98 98
info@aoos.ch
SWA Swiss Auditors AG
Bahnhofstrasse 3, Postfach 347
8808 Pfäffikon SZ
+41 55 415 54 70
info@swa-audit.ch
Ombudsman
The financial institution is affiliated with the independent ombudsman office FINOS, which is recognized by the Federal Department of Finance. Disputes concerning legal claims between the client and the financial services provider should be settled by an ombudsman’s office, if possible, within the framework of a mediation procedure. The address of office FINOS is stated below.
FINOS Finanzombudsstelle Schweiz
Talstrasse 20
8001 Zürich
044 552 08 00
info@finos.ch
B. Information on the offered financial services
The financial institution currently provides its clients with portfolio management services and investment advisory services for individual portfolios of private, professional and institutional clients. The company can also manage collective investment schemes, offer financial instruments, provide family office services and administer domiciliary companies.
In the instance of a investment advisory mandate with the financial institution, a personal recommendation relating to individual financial instruments is provided to the client. The decision to buy or sell remains always ultimately with the client.
The financial institution also provides financial services in collective investment schemes. For further information on the various collective investment schemes, the general risks, specifications, and operating procedures, please refer to the relevant prospectuses and factsheets.
The financial institution does not guarantee any yield nor performance of investment activities. The investment activity can therefore lead to an appreciation or a depreciation in value.
The financial institution has all the necessary licences to perform the services described above.
C. Client segmentation
Financial service providers are required to classify their clients into a client segmentation according to the law and adhere to the respective code-of-conduct. The Financial Services Act provides for «retail clients», «professional clients» and «institutional clients» segments. For each client, a client classification is determined within the framework of the cooperation with the financial institution. Subject to certain conditions, the client may change the client classification by opting out.
D. Information on risks and costs
General risks associated with financial instruments transactions
The investment advisory and portfolio management services involve financial risks. The financial institution shall provide all clients with the «Risks associated with Financial Instruments Transactions» brochure prior to the execution of the contract. This brochure can also be found at www.swissbanking.ch.
Clients of the financial institution may contact their client advisor at any time if they have any further questions.
Risks associated with the offered services
For a description of the various risks that may arise from the investment strategy for clients’ assets, please refer to the relevant investment advisory or portfolio management agreements.
In the instance of investment advice, the financial institution shall provide its retail clients with the basic information sheet of the recommended financial instrument.
Information on costs
A fee is charged for the services rendered, which is usually calculated on the assets under management and/or on a performance basis. For more detailed information, please refer to the relevant investment advisory or portfolio management agreements.
E. Information about relationships with 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 as well as their treatment are regulated in detail and comprehensively in the respective investment advisory and portfolio management contracts.
F. 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 client when selecting financial instruments. The financial institution’s own collective investments can – where appropriate – be used in the portfolio management mandates or recommended as part of investment advice.