OLD – Did you have investments in Switzerland? Your bank owes you money.

Did you have investments in Switzerland? Your bank owes you money.

People from around the world have billions of EUR (plus USD and other currencies) invested in Switzerland. According to the Swiss National Bank the total money held in Swiss banks by foreign clients from across the world was appr. CHF 1.46 trillion in 2017. To the vast majority of these investors, banks owe money. Are you one of them? Have you invested capital in any bank or financial company in Switzerland during the last 10 years? In this article we will explain how your bank or financial institution has taken money from you and what are the steps to recover it.

What are retrocessions?

For many years, it has been a matter of course for people around the world to invest assets in Switzerland. The bank secrecy, stable Swiss franc and the international infrastructure of Swiss banks spoke for themselves. It was also a common practice for banks and Swiss asset managers to secretly receive sales commissions (= kickbacks, = retrocessions) in the amount of 0.5 – 2% of product suppliers for the sale of funds, structured products, bonds, etc. This lucrative business model provided Swiss financial institutions with billions of sales and maintenance fees, which actually belong to customers. Due to the conflict of interest that arises in the banks upon receiving these commissions, regardless of performance, these commissions are very controversial.

How to recover them?

Despite the legal situation, it is still a difficult recovery process. Swiss banks and asset managers often block applications, getting rid of investors, denying that returns have flowed, etc. It is very likely that an investor with no recovery experience will give up without success and would also face high legal fees. We cooperate with a Swiss company specialized on claiming retrocessions that works solely on the basis of success and therefore reduces the risk of investors to zero. Only when you, as a customer, recover your money, our cooperation partner will be entitled to its success share. If recovery is not possible, all occurred costs will be borne by the claim specialist. On the basis of this principle of success, hundreds of investors from all over the world have been able to successfully claim back the commissions that belong to them.

Retrocessions cannot be claimed forever.

The banks’ debts have a limitation period of ten years. Therefore, investors loose a big share of the money owed to them on a daily basis as they expire in favour of the Swiss financial institutions. Every day counts, both for private and institutional investors!

Recover your kickback commissions from Switzerland now