Vaduz/Zurich, July 23, 2013
Kaiser Partner, the wealth management group domiciled in Vaduz, Liechtenstein and Zollikon, Switzerland, has entered into a referral agreement with Coutts & Co Ltd who has decided to discontinue custody services for US resident clients.
The agreement is a result of the strategic decision of Coutts, a subsidiary of the Royal Bank of Scotland (RBS), to focus on core markets where they have the greatest growth potential. The agreement involves those clients with US residence who had previously used Coutts as the custodian bank for tax compliant assets. They will now all be offered the opportunity to switch to Kaiser Partner Privatbank AG.
It is no coincidence that the Liechtenstein based wealth management group Kaiser Partner was chosen here. The financial services provider has had efficient structures for many years to service these specific clients in a sustainable and tax compliant manner. Zollikon based Kaiser Partner Financial Advisors AG, which is registered with the US Securities and Exchange Commission (SEC) and fulfills all requirements for legally managing US clients in accordance with US and Swiss laws, specializes in this area.