Which swiss bank is best for foreigners
Private banking offshore is a strategy high-earning investors use to grow their portfolio, protect assets, and forge relationships with elite financial institutions. Alpen Partners has long-lived partnerships with some of the best private Swiss banks. This article summarizes why you should consider banking in Switzerland and provides a list of some of the best banking institutions in Switzerland.
Why open a Swiss bank account ?
Offshore banking offers many of our clients’ financial freedom through added privacy, asset protection, and investment opportunities. As a result, we advise many of our clients to choose Switzerland as their banking destination. Not only do we work closely with many of these banks, we genuinely see the benefits investors have when they hold assets in a Swiss bank.
When choosing a jurisdiction to hold assets in, investors should look for economic health and laws that protect them and their wealth. Switzerland’s economy is known for over 100 years of stability and political rest. This protects investors from certain risks if they hold assets in more volatile countries. Further, Swiss banks allow for strong asset protection since the government of Switzerland grants banks the ability to offer privacy against creditors. Swiss laws prohibit banks from disclosing that someone even holds a bank account or any information about it without the client’s approval.
Swiss banks grant investors portfolio diversity through investment opportunities. One unique opportunity many investors enjoy is Switzerland’s dedication to gold and precious metal investment. Investing in gold buffers an investor’s portfolio against inflation. Switzerland has historically been one of the leading countries for holding physical gold and has one of the world’s largest reserves of gold per capita.
Which Swiss bank is the best ?
Let’s take a look at a list of some of what Swiss banking has to offer:
UBS Group AG UBS, based in Bahnhofstrasse 45, Zurich, was formed in 1862. It held a total of $3.48 trillion as of 2020 and employed 71,551 people. This bank is public and merged with PaineWebber in 2000.
Credit Suisse This bank was established in 1856 and is based in Zurich. In 2020 it held CHF 892,995 billion in assets. Credit Suisse is mostly focused on investment banking, asset management, and private banking.
Julius Baer This private banking group has locations in more than 20 countries with a head office in Zurich. Switzerland and Asia are the two locations where the Julius Baer group does most of its business. With a staff of over 5,000, the group manages assets for private clients from all around the globe. Julius Baer offers a wide range of financial services and investment advice. Wealth management and investment consulting are this firm’s primary services, but they also provide securities and foreign exchange trading services.
Pictet Pictet, established in 1805, is a leading European independent wealth and asset manager. This investment-led service company offers wealth management, asset management, and related services. This bank prides itself on contributing to society and the world as a whole while serving its clients and employees. This includes reducing its carbon footprint, sitting on the Board of Swiss Sustainable Finance, and more. This bank is not involved in investment banking or commercial loans.
Lombard Odier Lombard Odier is a family-run bank established in 1796 in Geneva, Switzerland. Since then, it has made a presence in all of the world’s major financial centers, has a network of 26 offices in 19 jurisdictions, and employs roughly 2,000 people. The bank handles private clients, asset management, and technology and banking services in three distinct groups.
Vontobel With Swiss roots and headquarters in Zurich, Vontobel is an international financial expert established in 1924. They specialize in wealth management and asset management for private clients and investors. They also work in investment banking. The company is dedicated to creating and pursuing opportunities for their clients to stay ahead of the game. Vontobel is also dedicated to sustainability, serving communities, and holding firm to its corporate responsibility goals.
J. Safra Sarasin This bank is a leading private bank that offers the advantages of the Swiss banking environment, equipped with personalized advisory services that focus on opportunities in international financial markets. J. Safra Sarasin is ready with high-level services and expertise as an investment advisor and asset manager for individuals and companies. The bank was also named the 2018 winner of the “Best Boutique Private Bank in the World” by Global Finance.
Swiss Banking with Alpen Partners
Opening a bank account in Switzerland is not complicated; it just may take some time as you will need to gather the correct documents and wait for everything to be processed. Applicants must provide a valid passport, various documents about their financial history and income, and documents proving their identity. Not all banks are equipped for the needs of high-earning investors. Trust private institutions to provide the services to handle the amount and value of your assets. The experts at Alpen Partners are ready to help you find the right private bank for you. With close relationships with the best Swiss private banks, we can assist in creating the account that is best for your portfolio. Beyond Swiss private banking, Alpen Partners offers a comprehensive range of services by combining proprietary expertise with an external pool of first-class advisors. Each client decides which modules work best for them. Connect with an expert today!