On this podcast episode, the WHVP team sits down to talk about central bank digital currencies (CBDCs) and the initiative being presented to the Swiss government to ensure that cash stays a part of the Swiss economy forever. In addition, the team will briefly discuss the current debt limit standoff taking place in the U.S. government. We hope you enjoy it!
As the banking crisis in the U.S. rages on, our managing partner Jamie Vrijhof-Droese was asked to write an explanation of what is happening with the Swiss banking system for the Global Intelligence Letter. The article covers Switzerland's long banking tradition and major structural advantages, including its well-managed public finances, strong and stable currency, and very low debt levels. It discusses the fall of Credit Suisse and how WHVP approaches selecting the custodian banks we partner with. The article will help the reader understand why the Swiss banking system is still one of the world's largest and most popular wealth management sectors.
Ted Baumann, International Living’s Global Diversification Expert, and Jamie Vrijhof-Droese discuss the recent situation with the Credit Suisse bank, the effectiveness of the Swiss Financial sector management and regulatory structures, and if customers of the Swiss banking system can still have trust in the sector. If you’re interested in a safe nest egg outside the U.S. or even just exploring your options, you’ll want to hear what Jamie and Ted have to say.
Managing Partner Urs Vrijhof-Droese was recently featured in the Miller on the Money article to discuss how the Swiss banking system is set up and how it runs. Shortly after the Fed bailed out the Silicon Valley bank depositors, Reuters reported that Credit Suisse failed: “ZURICH, March 20 (Reuters) – Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country’s gross domestic product, as part of their merger to buffer Switzerland against global financial turmoil. …. The deal,…involves…a pledge from the Swiss government to absorb up to 9 billion francs in potential losses from the takeover.”
On this podcast episode, the WHVP team sits down together to talk about the U.S. bank crisis and the merger between UBS and Credit Suisse. In addition, the podcast will cover the stability of the Swiss banking system and the differences between the U.S. and Swiss banking industries and systems, and what Americans can do to ensure they select the right banks to partner with. We hope you enjoy it!
WHVP's CEO Jamie Vrijhof-Droese sits down with renowned Asset Protection Attorney Blake Harris to discuss what Americans need to know about Swiss Banks and how they can access them through a Swiss independent asset manager. The interview is one that can help Americans start their due diligence in wading into the water of international diversification and capital preservation.
On Friday, March 10, the Silicon Valley Bank (SVB) collapsed after experiencing a classical bank run. Because of it, we are now confronted with a new collapse of the 16th biggest bank in the U.S... All of us need to understand how this has happened and learn about the banks we use. Further in this blog, we will explore the SVB collapse and the differences between banks in the U.S. and Switzerland. Finally, for individuals with personal wealth in banks, it will be informative about what Swiss banks can offer you amid uncertainty in the U.S. financial situation.
On this episode of the podcast, the WHVP team sits down with special guest Jessica Schaedler, Leading Trust Advisor at Capital Trustees AG, to discuss the proposed bill to the Swiss government on creating a beneficial owner registry. The podcast will cover what changes have been proposed to the government, what may come from such a change and the opinion on how the Swiss population may react to such a bill. This podcast is a must-listen for anyone seeking a better understanding of the potential impact on the financial industry and individuals with Swiss bank accounts. We hope you enjoy it!
WHVP, an SEC-registered investment advisor based out of Zurich Switzerland, received its FINMA license to continue operating as an asset manager in Switzerland. This achievment is a milestone in the company's 30 year history.
In this blog post, we'll explore the earliest offshore banking regulations from the 1930s to recent developments like the Foreign Account Tax Compliance Act (FATCA) and new rules for anti-money laundering and sanctions against certain countries. Join us on a journey through history and discover the changing landscape of offshore banking regulations for Americans.
Understanding the legal and regulatory environment surrounding offshore investing, including the reporting requirements and potential benefits, is essential. This week's blog is a summary guide to help Americans understand the legal framework and reporting requirements of offshore investment accounts. It will also discuss the main reasons to invest offshore as an American. Investing offshore can be a valuable part of a diversified investment strategy when building a portfolio fit for the global economic environment. It is our goal to inform you of all the considerations you need to consider when moving outside your domestic markets when establishing an offshore investment account.
Diversification is a topic that often comes up when investing. However, for Americans attaining true portfolio diversification can take time and effort. However, some good options are available to Americans when looking to invest outside of the U.S. investment market, dollar, and economy. This blog will cover the challenges Americans face in building a truly diversified portfolio and what they can do to overcome them.
January is the time to look ahead to the year. Sadly, way too much depends on the Federal Reserve and world central banks. Michael Howell writes: “It has been a bleak year for many investors. Global investors have lost $23tn of wealth…so far in 2022. …. That is equivalent to 22 percent of global gross domestic product” When bureaucrats create money out of thin air, they create a mess. Alasdair Macleod tells us: “Monetary policymakers face an acute dilemma: do they prioritize inflation of prices by raising interest rates, or do they lean towards yet more monetary stimulation to ensure that financial markets stabilize, their economies do not suffer a recession, and government finances are not driven into crisis? …. The inconvenient truth is that policies of monetary stimulation invariably end with the impoverishment of everyone.”
Thinking about moving investments offshore is a big decision. It takes time and effort to conduct the due diligence needed to find the right partner and set up an offshore investment account. However, the strategic move can offer many positive qualities to an investment portfolio. So, is it worth making a move for the opportunities, risk mitigation, time, and effort to gain the benefits of capital preservation, risk mitigation, asset protection, and true diversification?
For international day of banks, we wanted to talk about what Swiss private banks offer Americans in terms of safety and privacy for their personal wealth information. The reality is that Swiss bank accounts are 100% legal for Americans to hold financial assets in, and there are some incredible perks that come with having a Swiss investment account as an American. The two benefits we will be focusing on today are safety and privacy.
It is crucial to understand how things work for any administrative process, especially when it comes to setting up an offshore investment account as an American. This blog will cover the due diligence needed to find the right Swiss independent asset manager for your situation. It will also cover the documents required to start the process and the paperwork that can be expected when establishing a private offshore investment account.
One of the questions we get asked by prospective clients seeking offshore investment diversification through us as an independent asset management firm is: "How do you determine which custodian banks to work with?" The answer to this question is quite complex, so we will use this blog to give insight into how we determine where to begin our search for top-level private banks. We will briefly cover why we find Switzerland and Liechtenstein to be premiere economic environments for finding the right custodian bank for our clients.
In this interview, Managing Partner and COO Julia Fernandez will share what it has been like for her working in the Swiss financial service industry for over thirty years. Those reading this interview will get an inside look into Swiss asset management and get to know Julia better, both professionally and personally. She will share how she transitioned from private banking to working in asset management and how the Swiss financial service industry has evolved over her career. She will also discuss what it has been like going through a business succession from one generation to the next.
In this blog, we will describe the impact the metaverse may have on the financial world and asset managers. The metaverse is an exciting topic due to recent trends and developments in technology, pandemic restrictions, and the evolution of cryptocurrencies. In addition, working remotely and connecting with loved ones became difficult for many, but the metaverse proposed an interesting solution for these issues, even proposing an independent economy.
Since the S&P 500 represents a large portion of the value of the U.S. equity market, it may be worth understanding for Americans with offshore investments. The index's performance gives a good representation of the state of the U.S. market, but it does not fully represent it. Further, it does not represent the other markets around the world. Therefore, we will also endeavor with this blog to describe how Americans can utilize Swiss investment advisors to diversify out of the U.S. market.