Philos (Φίλος)
Regard with affection
Philos (Φίλος)
Regard with affection
Contact
Philos & Partners Ltd.
Claridenstrasse 25
CH - 8002 Zurich, Switzerland
T: +41 58 058 70 10
Representative
Francesco D’Amico
CEO and Chairman of the Board of Directors
Place of jurisdiction
Zurich, Switzerland
Commercial register: CH-020-3047657-5
VAT ID CHE-223.724.280 MWST
Further information about Philos & Partners Ltd
The following information serves to fulfil the information obligations of Philos & Partners Ltd (the "Company") towards its clients pursuant to Art. 8 et seq. of the Financial Services Act ("FinSA"). It is neither provided for advertising purposes nor does it constitute an offer for financial services or financial instruments.
1. Regulatory statusThe Company is a financial service provider within the meaning of the FinSA. As portfolio manager pursuant to Art. 17 para. 1 of the Financial Institutions Act ("FinIA") it is supervised by FINcontrol Suisse Ltd, Zug (www.fincontrol.ch) and licensed by the Swiss Financial Market Supervisory Authority FINMA, Bern (www.finma.ch).
2. Ombudsman officeIn accordance with Art. 74 et seq. FinSA, the Company is affiliated with the Ombudsman Finanzdienstleister (OFD), Zurich (www.ofdl.ch). In case of disputes with the Company, its clients may initiate mediation proceedings through such Ombudsman's Office.
3. ManagementThe Company employs qualified managing directors within the meaning of Art. 20 para. 1 FinIA.
4. Business activity of the CompanyThe Company's business activities include, in particular, the following areas:
- The Company provides discretionary asset management on a professional basis within the meaning of Art. 3 lit. c n. 3 FinSA for individual clients as well as for collective investments. The asset management services are carried out in each case on a contract concluded in writing with the client, which contains all information on the nature, functioning, rights and obligations of the clients as well as on the risks of the financial service provided. In order to exercise the mandates, the Company obtains powers of attorney from the clients vis-à-vis the respective custodian banks. If requested by a client, the Company shall carry out the transactions only after authorization by the client.
- The Company provides portfolio-related investment advice on a professional basis within the meaning of Art. 3 lit. n. 4 FinSA. The investment advice provided by the Company is based on a written investment advisory agreement, which contains all information on the nature, functioning, rights and obligations of the clients as well as on the risks of the financial service provided. In addition, the Company provides transaction-related investment advice on a professional basis within the meaning of Art. 3 lit. c n. 4 FinSA. The implementation of the investment recommendations are the responsibility of the clients. In the event of the Company rendering portfolio-related or transaction-related investment advice in the sense of Art. 3 lit. n. 4 FinSA, the Company is not authorized by its clients to give instructions to the custodian banks regarding the clients' assets.
- The Company further provides complementary services such as portfolio consolidation or monitoring.
5. Risks relating to financial servicesThe risks associated with the financial services provided are explained to a client in each case before the contract is concluded. Clients are requested to carefully read the information provided, in particular the brochure "Risks Involved in Trading Financial Instruments" published by the Swiss Bankers Association (https://www.swissbanking.ch/de/downloads), and to contact the Company if they have any questions.
6. Cost informationCosts and fees are incurred in connection with the services provided by the Company. These are disclosed in detail to the clients before the conclusion of the contract.
7. Third-party compensationThe Company does not receive any remuneration from third parties in connection with the provision of financial services. Should the Company exceptionally receive such remuneration, the Company will disclose this to the clients and, absent a valid client waiver, pass it on to them.
8. Participation in and economic ties to third partiesThe Company is affiliated with Agape Fiduciary Services LLC, Zurich, which is wholly owned subsidiary. This subsidiary offers fiduciary services to clients of Philos and to third parties.
9. Market offer considered when selecting financial instrumentsThe Company primarily considers third party financial instruments when providing financial services.
The Company may on behalf of asset management clients invest into or recommend to advisory clients products in which the Company, direct or indirect shareholders, directors or officers of the Company hold a financial or other interest. The Company informs its clients about such constellations.
10. Dealing with conflicts of interestThe Company takes the necessary precautions to avoid conflicts of interest between itself or its employees and its clients and to protect clients from disadvantages. If a conflict of interest cannot be avoided, it is disclosed to the clients. In particular, the Company will inform the clients when employing or recommending financial instruments in which it has an interest.