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03.08.2009 / Private Wealth Management

Private Wealth Management

Retrocessions in Switzerland

Commission fees from banks and financial service providers are called retrocessions in Switzerland.

Although these payments come from client money and are thus the client’s property. Experts estimate that this procedure unlawfully withheld many millions of Swiss Francs from investors which belong to the clients.The problem with retros is not that they exist; rather, the problem is that they are not disclosed and are not transparent.

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