Due to our high total volume, we receive extremely attractive preferential conditions from our depository banks Credit Suisse, Julius Baer, UBS, Zürcher Kantonalbank and Zuger Kantonalbank (in Germany: V-Bank and UBS Europe). These flow directly and fully to you as our client in the form of net conditions for custody account fees and brokerage fees. Thus, a substantial part of our fee is already covered by the costs saved on the bank. In addition to excellent conditions in terms of custody account fees, brokerage fees and spreads for foreign currency exchange, you benefit from further preferential conditions such as free withholding tax reclaim or tax reports, depending on your choice of bank. Furthermore, in our function as external asset management we represent your interests to the chosen depository bank and monitor them closely using our in-house controlling system.