Searching for the Swiss Version of Charles Schwab

Last year, we started offering to our investors the option to use the custodial services of Charles Schwab — the large US based discount broker. Other than a $250 a year account fee the service is essentially free.

Not surprisingly, there has been quite a bit of interest in this, and a number of our investors have switched to holding their shares via Charles Schwab.

Now we are looking for a Swiss based bank that would be interested to provide a similar service for those of our investors who want to keep a Swiss banking relationship.

Unfortunately, the culture of Swiss banking in the past has been one of high service combined with high cost — rather like a luxury boutique. Instead, I am looking for a financial institution that is more like a Costco or an Amazon.

If you know of a candidate, please don’t hesitate to get in touch.

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