Page 24 - ASSET MANAGER 9 (EN)

CUSTODIAN BANKS
• STRATEO BANK
• CORNÈRTRADER
• BANK ZWEIPLUS
• ZUGER KANTONALBANK • VP BANK
24 • CUSTODIAN BANKS ASSET MANAGER • NO. 9/2018
THE RIGHT SOLUTION
FOR EVERY NEED
Depending on the needs of an investor, INVESTORY offers different custodian banks as a solution. The highest priority when selecting our custodian banks is security, which we regularly review and which is excellent at all five banks.
Author: Roger Fromm, Founder INVESTORY AG
Cornèrtrader and Strateo Bank are our inexpensive online brokers on offer and roughly equivalent in terms. Both do not charge any account management fees. The parent
companyofCornèrtraderisCornèr Bank. The Banker, the renowned English journal published by the Financial Times , named it number 1 in Switzerland in terms of financial so- lidity. In the last annual report, Cornèr Bank shows a core capital ratio (T1) of 21.8%. Cornèrtrader is the cheapest bank in our Asset Manager 3 in a de- tailed bank comparison.
Strateo belongs to the group Crédit Mutuel Arkéa, a solid French Raif- feisen bank group. The Swiss Insti- tute for Quality Tests SIQT nominated Strateo as test winner in the Swiss online broker comparison 2017. In co- operation with INVESTORY, Strateo offers the tax statement and securities account management free of charge. Strateo also offers convenient online account opening with video identifi- cation. The core capital ratio (T1) of Crédit Mutuel Arkéa is 18.5%.
Not an online broker, but still inexpen- sive, is the Bank zweiplus, which is based in Zurich. The bank does not offer tax reporting only for Swiss cit- izens. The Bank is a joint venture of
BankJ.SafraSarasinandFalcon Privat Bank and is known for its co- operation with the media company Ringier under the brand Cash. In the 2017 financial statements, Bank zweiplus shows a core capital ratio (T1) of 37.48%.
Zuger Kantonalbank is our bank with a state guarantee and a branch network. The bank is a universal bank and covers all financial services out- side of traditional asset management. Our customers benefit from favour- able conditions in cooperation with INVESTORY. The bank has an AAA rating from Zürcher Kantonalbank and most recently had a core capital ratio (T1) of 17.9%.
The VP Bank based in Lichtenstein, Vaduz, is suitable for wealthy, interna- tional clients. The Bank has branches in Switzerland, Luxembourg, Singa- pore, Hong Kong, Russia and BVI. The VP Bank provides financial ser- vices that go beyond traditional asset management. With a core capital ra- tio (T1) of 25.7%, VP Bank has excel- lent capitalisation.