01.11.2010 / STEP Journal
STEP Journal - 01.11.2010
Retrocessions and undisclosed payments in Swiss asset management.
Retrocession is the German term for kickbacks, trailer fees, finder's fees and other payments made to asset managers by banks and other financial institutions in Switzerland. These payments come from client money, hence are property of the client, but are still all too often not disclosed to the client.
Find the full article here.