Investment advice to professional clients


From 2004 to 2019 Action Finance benefited from the status of distributor (within the meaning of Article 13 paragraph 2 letter g of the Collective Investment Law (CISA) granted by the Federal Banking Commission (predecessor of FINMA, the Swiss financial market supervisory authority) to distribute collective capital investments in Switzerland.

On January 1, 2020, the date of entry into force of the laws FinIA, FinSA and the modifications made to the CISA, the Distributor status disappears. Action Finance is no longer subject to prudential supervision by FINMA. Action Finance becomes a Client Advisor, according to art. 28 LSFin and may continue to market investment funds to private, professional and institutional investors.

The legislator considered that this distribution activity, now replaced by the concept of “offer”, should no longer be subject to state supervision by FINMA, since Distributors, like other financial service providers, will be subject to new rules of behavior of FinIA and the obligation to register in a Register of Advisors.

Action Finance is free to select the funds that it offers on the basis, amongst other factors, of their quality and the volatility of their NAV (Net Asset Value) relative to the performance obtained.

Action Finance offers mutual funds that have been authorized for sale by FINMA.

Investment advice dedicated to a professional client:

  • Provide objective advice to the client.
  • Deliver a simplified prospectus (key information) to the client, if applicable.
  • Explain the characteristics and the particularities of the investments.
  • Provide information as to the risk of potential losses so that the client can form an objective image of the possible fluctuations of the investment value.
  • Set forth the client’s requirements in writing, if applicable.
  • Establish an inventory as well as the reasons underlying the recommendation to purchase a specific mutual fund. If applicable, such inventory is delivered to the client.
  • Inform the client of any distribution commissions received.
  • Prevent and provide information as to any conflicts of interest.