Structure of a wealth manager

Wealth managers in Switzerland operate within a regulated environment. They require approval from FINMA and are subject to constant supervision by a supervisory organization (SO) to ensure compliance with legal requirements. These requirements include being domiciled in Switzerland, maintaining adequate organizational structures, and possessing sufficient financial guarantees. Additionally, individuals responsible for corporate management must have an impeccable reputation and possess the necessary professional qualifications. Wealth managers have the authority to execute transactions on client accounts with a third-party mandate, although this mandate does not authorize the acquisition of assets.