Vontobel Wealth Management Fees and Conditions EN
Vontobel Wealth Management Fees and Conditions EN
Vontobel Wealth Management Fees and Conditions EN
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Your basic choices
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Vontobel Access Full & Select
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Vontobel Managed Solutions
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Vontobel Advisory Services
14
Securities Transactions
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Financing Solutions and
Wealth Services
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Additional Services
17
General Provisions
18
Glossary
Further information:
vontobel.com/sustainability
Our services and what they are worth 3
You, your wishes and goals are our number one priority. you. To what degree you would like to combine the one
Continuity and long-term sustainability are very important with the other depends on your preferences.
in our business relationships, so over a span of many
years, your Relationship Manager will remain the same As our client, you benefit from our nearly one hundred
person. Our team approach ensures that not only your years of experience, from the advantages that only a
Relationship Manager is there for you, but that you also family-owned financial institution has to offer, and from
have additional experts at your disposal as needed. In our success at combining tradition with innovation in a
addition, we offer high-quality digital solutions that can way that will generate profits for you as a client.
provide relevant support to the personal advice we give
4 Our services and what they are worth
Together, we will elaborate a picture of your current situ your own investment ideas and would like to coordinate
ation, discuss your values, your family and professional them with us, then our Advisory Service is a suitable solu-
situation, and put together a catalogue of your assets and tion for you. You decide when, and how intensively, you
liabilities. We will thrash out your plans and goals, and want to exchange views with our experts in addition to dis-
establish which ones are your priorities in the medium and cussions with your Relationship Manager. But the actual
long term. Based on all this, we will then provide you with investment decisions always remain with you.
suggestions for solutions that we will implement, according
to your specifications, and monitor on a regular basis. It goes without saying that you can also decide to manage
a portion of your assets one way, and another portion a
To what degree you want to be involved in the investment different way.
process is another important point. You can completely
delegate the management of your wealth to us, whereup- Or perhaps you are only interested in one particular market,
on you do not have to worry about anything else. If you or one industry, one product, one investment vehicle – in
are already familiar with the major financial markets, have this case, we are also here for you.
Our services and what they are worth 5
You set the goal, and together we choose the way to get there.
In other words, in order to be able to offer you exactly your destination – in a disciplined and forward-looking
what suits your requirements and wishes best, we listen manner. Again and again, we will orient ourselves to the
to you very carefully. Only then will we propose the path following steps:
ways that will bring you systematically and consistently to
Your situation
Taking into consideration your values and ex-
pectations, we will analyze your assets and
liabilities, your professional and family situation.
Your orientation
Here, we will complete the overall picture
and determine the next steps.
Your solution
This comprises a specific proposal, with
the relevant contracts and supplemental
information.
6 Our services and what they are worth
Our services and what they are worth 7
Your basic
choices
Vontobel Access
Vontobel Access
Full & Select
Account management
• • – Current accounts in different currencies
• • – Account statements
A surcharge of CHF 500 per quarter is levied for legal Payment orders exceeding the number of payments
entities and clients requiring enhanced monitoring of included are charged separately, as are other services
their business relationship for regulatory reasons. as stipulated in “Additional Services” (page 16).
A surcharge of CHF 500 per quarter is levied for legal Payment orders and other services are charged
entities and clients requiring enhanced monitoring of separately as stipulated in “Additional Services”
their business relationship for regulatory reasons. (page 16).
Vontobel
Managed Solutions
With a managed solution mandate, you delegate to us the we manage your portfolio, and we keep it under continu-
job of managing your assets, based on your wishes and ous observation. In addition, you benefit not only from
goals. This means you are always invested in line with our proprietar y investment instruments we have developed,
current market expectation. which put efficient index strategies into practice.
In addition, you benefit from our rapidly and efficiently We offer you a broad range of diversified and focused
adapting the portfolio to changes in market conditions. strategies. And you also have the option of investing your
Thanks to our institutional competences and a proven assets according to sustainable investment criteria.
investment process, we are highly disciplined in the way
Services
– Management of your portfolio in accordance with your – Independent quality and risk monitoring
personal investment strategy – Use of proprietary investment products that invest
– Rapid adaptation of your portfolio when market events optimally in equity markets worldwide
occur – Use of inducement-free investment funds
– Always invested in line with our market assessment – Detailed, transparent information about the develop-
– Take advantage of our institutional competences and ment of your portfolio
professional investment process
Our services and what they are worth 11
FEES BASED ON INVESTED ASSETS PER YEAR1 FEES BASED ON INVESTED ASSETS PER YEAR1
Up to CHF 2 million 1.25 % Up to CHF 1 million 0.90 %
CHF 2 – 5 million 1.20 % CHF 1 – 2 million 0.80 %
CHF 5 – 10 million 1.10 % CHF 2 – 5 million 0.75 %
Over CHF 10 million 0.95 % CHF 5 – 10 million 0.65 %
Minimum invested assets: CHF 1 million Over CHF 10 million 0.50 %
Minimum invested assets: CHF 150,000
Vontobel Conviction
For investors sharing our evaluation of the market. Vontobel Specials
For investors who wish to invest in specific asset classes
Choose Vontobel Conviction Sustainable if you want to or selected regions.
consider specific sustainability criteria when investing.
FEES BASED ON INVESTED ASSETS PER YEAR1
FEES BASED ON INVESTED ASSETS PER YEAR1 Up to CHF 2 million 1.25 %
Up to CHF 1 million 1.10 % CHF 2 – 5 million 1.20 %
CHF 1 – 2 million 1.00 % CHF 5 – 10 million 1.10 %
CHF 2 – 5 million 0.95 % Over CHF 10 million 0.95 %
CHF 5 – 10 million 0.85 % Minimum invested assets: see product information
Over CHF 10 million 0.70 %
Minimum invested assets: CHF 250,000
1 The fee applies to the total invested assets in the respective
mandate and corresponds to the effective price. On debit notes,
the proportion of fees for portfolio management and for trans
actions are shown separately.
Vontobel
Advisory Services
When it comes to Advisory Service, we actively support of research and investment publications, assuring that
you when investing your assets, always in line with our you are on the pulse of the markets. In addition, you benefit
jointly defined investment strategy. You decide on the com- from comprehensive portfolio monitoring and are a ctively
position of the portfolio. You receive individual invest- informed if a portfolio position deviates from our commonly
ment ideas, tailored to your portfolio and objectives, and agreed specifications. We offer you two different Advisory
you can call upon the know-how and experience of our Service mandates, which you can combine with two pricing
investment experts. We give you access to a broad range models (a flat fee model and a brokerage fee model).
Services
– Active support from our investment experts in manag- – Continuous monitoring of your portfolio, including no-
ing your portfolio tification in case of deviations from your specifications
– Personal investment advice, with specific investment – Regular portfolio review (“Health Check”)
ideas submitted based on your investment objectives – Access to proprietary investment products that invest
– Access to a wide range of research and investment optimally in equity markets worldwide
publications – Access to inducement-free investment funds
– Access to global financial markets, a broad range of – Detailed, transparent information about the develop-
financial products and an efficient and secure settle- ment of your portfolio
ment platform
Our services and what they are worth 13
FEES BASED ON INVESTED ASSETS PER YEAR1 FEES BASED ON INVESTED ASSETS PER YEAR2
Up to CHF 1 million 1.10 % Up to CHF 1 million 0.65 %
CHF 1 – 2 million 1.00 % CHF 1 – 2 million 0.60 %
CHF 2 – 5 million 0.93 % CHF 2 – 5 million 0.58 %
CHF 5 – 10 million 0.85 % CHF 5 – 10 million 0.55 %
Over CHF 10 million 0.70 % Over CHF 10 million 0.45 %
Vontobel Impulse
You implement the portfolio strategy together with your
Relationship Manager.
Vontobel Impulse
FEES BASED ON INVESTED ASSETS PER YEAR1
You implement the portfolio strategy together with your
Up to CHF 1 million 0.95 %
Relationship Manager.
CHF 1 – 2 million 0.85 %
CHF 2 – 5 million 0.78 % FEES BASED ON INVESTED ASSETS PER YEAR2
CHF 5 – 10 million 0.70 % Up to CHF 1 million 0.50 %
Over CHF 10 million 0.55 % CHF 1 – 2 million 0.45 %
CHF 2 – 5 million 0.43 %
CHF 5 – 10 million 0.40 %
1 The fee applies to the total invested assets in the respective man- Over CHF 10 million 0.30 %
date and corresponds to the effective price. On debit notes, the
proportion of fees for advisory and for transactions are shown Fees for Securities Transactions (see page 14)
separately.
2 The fee applies to the total invested assets in the respective mandate
and corresponds to the effective price.
Securities
Transactions
– In the case of equities and bonds, the fee includes – Stock exchange fees and fiscal duties will be charged
own and third-party transaction fees in addition2
– In the case of funds, third-party issuing charges and – Minimum fee for hedge funds: CHF 500
third-party fees are charged additionally
FEES BASED ON TRANSACTION VALUE1 MONEY MARKET MONEY MARKET CALL TIME
FUNDS PAPERS MONEY DEPOSITS
Up to CHF 500,000 0.30 % 0.500 % 0.500 % 0.500 %
CHF 500,000 – 1 million 0.30 % 0.375 % 0.500 % 0.375 %
Over CHF 1 million 0.30 % 0.250 % 0.375 % 0.250 %
Minimum CHF 125 200 200 200
FEES
The fees are linked to the interest rate environment.
Additional
Services
TAX SERVICES
Withholding tax reimbursement 9 % of the reclaimable amount1, minimum CHF 250, maximum CHF 750
(We cover the most common international markets) per application + third-party expenses
Delivery of collective tax statements without application for reimbursement CHF 10 per earnings report
Tax certificate for the past year, per item Third-party expenses (CHF 65 – 100)
Preparation of individual, detailed tax reports (e.g. purchase data report,
detailed report for AEI or FATCA, historical tax documents) CHF 250 per hour
SPECIAL FEES
Enhanced clarification requirements in connection with account maintenance / safe custody CHF 10,000
Delivery of securities (in Switzerland and abroad according to client instructions, per item) CHF 200
Closing the banking relationship2 (fee depends on the total assets on the date of closing):
Up to CHF 250’000 CHF 500
Up to CHF 1 million CHF 750
Up to CHF 5 million CHF 1,000
Over CHF 5 million CHF 1,500
General
Provisions
– For Vontobel Access, the domicile of the contractual – For structured products traded on the secondary
partner is relevant. In the case of joint relationships market, transaction fees of equities, bonds and funds
in which the contractual partners have different domi- apply on brokerage models. In the case of structured
ciles, the higher fee applies. products that are subscribed on the primary market,
the Bank may receive inducements as reimbursement
– In Europe, Vontobel Access comprises the countries of in the context of Vontobel Advisory Services and
the European Union (EU) and the European Economic assets held outside Vontobel Investment Solutions.
Area (EEA), excluding Principality of Liechtenstein. For
all other countries, our International Pricing applies. – The Bank reserves the right to levy a surcharge or
supplemental fee for services and products requiring
– Unless otherwise stated, fees are for one year and an exceptional investment of time or effort.
are charged pro rata temporis on a quarterly basis; the
calculation is based on the average portfolio value. – In the case of account closing, the periodic fees for the
current quarter are calculated pro rata temporis to the
– Fees do not include value-added tax. end of the current month and are payable immediately.
– Stock exchange fees and fiscal duties will be charged – For reasons of clarity and ease of use, only the most
in addition. important services have been listed in this document.
Your Relationship Manager will be happy to inform you
– Any third-party commissions and expenses will be about services and fees which are not listed here.
charged in addition.
Glossary
Additional mailing instructions Additional requirements for the delivery of bank correspondence (for example,
delivery of document copies to an authorized person).
Automatic Exchange of Information Procedure governing the mutual exchange of data between participating
in Tax Matters (AEI) countries concerning accounts and custody accounts of taxable persons.
The new global standard for the AEI is intended to prevent cross-border
tax evasion.
Collective tax statements without Compilation of the recoverable withholding tax amounts without correspond-
application for reimbursement ing applications for reimbursement.
Consolidated catalogue of assets List of assets, which summarizes the securities positions of several different
investment solutions.
Country-specific tax statement Annual statement of investment-derived income (interest, dividends and other
distributions, and fund reinvestments if applicable), as well as – if required –
realized capital gains and losses, bank charges and debt interest, taking into
account specific requirements for selected European countries, in particular
Switzerland, Austria, France, Germany, Italy, Spain, Sweden, and the USA.
Partially, additional reports (e.g. Modelo 720 for clients in Spain, monthly reports
for clients in France or Belgium) are provided.
Digital mailbox Encrypted channel for receiving or retrieving bank documents. The digital
mailbox can be used on different devices such as smartphones, tablets and
desktop computers.
Enhanced monitoring requirements Increased due diligence which applies in specific client situations to combat
money laundering. This applies, for example, to persons who occupy a sig
nificant public function in a national government, state-owned enterprise or
supranational organization.
Foreign Account Tax Compliance Act A US law directly affecting banks outside the United States. The goal of F
ATCA
(FATCA) is for all accounts held abroad by US persons to be disclosed and taxed in
the US. FATCA requires that foreign banks identify accounts held with them
(directly or indirectly) by US persons (so-called “US accounts”) and periodi
cally report to the US tax authorities.
Foreign custody costs Costs that foreign clearing organizations charge for the securities held by
them for safekeeping.
Generic tax statement Annual statement of investment-derived income (interest, dividends and
other distributions), realized capital gains and losses, bank charges and debt
interest, without specific details.
Inducement-free investment fund Investment fund which does not compensate for distribution fees. As a rule,
these investment funds have lower overall costs.
Invested assets All the assets in an investment solution (e.g. securities, physical positions held
in a custody account, money market investments and account balances). The
absolute value of individual holdings are added together and cannot be offset
against each other for example with short positions, forward contracts).
Our services and what they are worth 19
Investment strategy The guideline and approach, defined by the investor, concerning how the port-
folio should be managed. These may relate to specific investment instruments,
currencies, industries and time periods.
Non-traditional investment products Investments that cannot be allocated to traditional asset classes such as
equities, bonds or money market products. They comprise a wide variety of
instruments and strategies (e.g. hedge funds or private equity).
Operating companies Companies which carry out a trade, production or service operation, or operate
another business of a commercial nature.
Portfolio review (“Health Check”) Systematic report on the risks in the portfolio and any deviations from the
selected investment strategy.
Risk capacity Risk capacity indicates the risk that a client can reasonably tolerate due to
his / her life, income and wealth situation and is an integral part of the risk pro-
file that is determined for each client. The risk profile is used as a basis for
recommending suitable financial instruments and securities services and / or
for concluding contracts for other services provided by the bank.
Risk tolerance Risk tolerance is used to measure the degree of risk that a client is willing to
accept due to his or her personal preference and is an integral part of the risk
profile that is determined for each client. The risk profile is used as a basis
for recommending suitable financial instruments and securities services and / or
for concluding contracts for other services provided by the bank.
Securities acquisition cost report Statement of the acquisition cost of securities, needed for disclosure to
tax authorities in the case of custody account transfers, especially for clients
domiciled in Germany.
SEPA payment A single standard for payment transactions or money transfers in Europe
(Single Euro Payments Area).
Stock exchange fee A fee charged by a stock exchange for the securities transaction processing
it provides. In Switzerland, for example, the SIX Swiss Exchange charges a fee
for all exchange and off-exchange transactions.
Total assets Includes all assets (e.g., securities positions, physical positions held in a custody
account, money market investments and account balances). The absolute
value of individual holdings are added together and cannot be offset against
each other for example with short positions, forward contracts). Fees
calculated on the basis of total assets are debited to the individual invest-
ment solutions proportionally.
Vontobel Wealth Vontobel Wealth is the digital offer for Wealth Management services delivered
by smartphone, tablet or browser (computer or laptop). For more information,
see vontobel.com/digitalservices.
Legal Notice
This publication does not constitute an offer and is for informational purposes only. The provision of the services described in this publication
is based on the contract concluded with the person receiving the services. The content, scope and prices of the services and products may
differ from country to country and are subject to change at any time without notice. Some services and products are not offered worldwide,
and not by all companies of Vontobel, and may also be subject to legal restrictions in certain countries.
Bank Vontobel AG
Gotthardstrasse 43
8022 Zurich
EN 09 / 2019
Switzerland
vontobel.com