Suitability

Ensuring that the financial instruments recommended to customers are suited to their situation is a primary duty of wealth managers.

In Switzerland, the school-of-thought regarding suitability differs from that found in the U.S. or elsewhere in Europe.

Suitability guidelines are not included in stock market law. Instead, financial services providers are required to clearly inform customers about the risks of a financial instrument before performing a transaction. However, it is not their job to determine whether or not a financial instrument is suitable for a client.

About moneyland.ch

moneyland.ch is Switzerland’s independent online comparison service covering banking, insurance and telecom. More than 80 unbiased comparison tools and calculators are available on moneyland.ch, along with useful financial guides and timely news. The comprehensive comparison tools help you to find the right insurance policies, bank accounts, credit and prepaid cards, loans, mortgages, trading accounts and telecom products for your needs.