POLARIS Investment Advisory AG - CLIENT CLASSIFICATION ACCORDING TO FINSA
According to the article 4 par. 1 of the Federal Act on Financial Services (FinSA), financial services providers shall assign the persons for whom they provide financial services to one of the following segments: a) retail clients, b) professional clients or c) institutional clients. Due to its B2B business policy, POLARIS has no business relationships with private clients. POLARIS’ clients are classified either as institutional or as professional ones.
INSTITUTIONAL CLIENT STATUS
Institutional investors have the lowest level of investor protection among all client categories.
The following are defined as per-se professional clients:
Professional clients are treated as sophisticated investors who have a lower level of investor protection than private clients, based on their level of knowledge and experience, and their ability to bear financial losses.
WHO CAN GET CLASSIFIED AS A PROFESSIONAL CLIENT?
A client who is not classified by law as a professional client (‘per-se professional client’) may apply for a change of classification (‘opting out’).
WILL WE CONTACT YOU TO CONFIRM YOUR STATUS?
If you are an institutional client, your classification is defined by law (article 4 par. 4 FinSa). We will keep track of your classification in our files, but will not contact you in this regard.
In case of clients, whose status needs to be confirmed (like asset advisors or family offices), please note that we’ll contact you to confirm your classification.
CONTACT AND LEGAL INFORMATION
In case of any questions please do not hesitate to contact us:
POLARIS Investment Advisory AG
Legal & Compliance
Direct: +41 44 365 70 83
Client Advisor Register
Since January 1st, 2020 due to the entry into force of FIDLEG there is no regulatory supervision for fund distribution companies via FINMA anymore. Instead FINMA now applies an indirect regulation approach on the level of the POLARIS employee. As such, all POLARIS employees with client responsibility have been entered into the Client Advisor Register of BX Swiss AG (https://www.regservices.ch/en/client-advisor-registry/).
Name of Ombudsman Office:
Finanzombudsstelle Schweiz (FINOS)
044 552 08 00