Here at Blackden, specialising in financial planning and wealth management for expatriates, we have developed a range of investment solutions for clients living in, or planning a move to, Switzerland. When looking at the marketplace, however, it struck us that – although seeking professional financial guidance is sensible – the overall advice costs can be eye-wateringly high. Our experience tells us that these costs are not always openly disclosed, leading to an iceberg type cost structure.
Frequently, these inflated costs are by way of high commissions and / or set-up fees which can significantly reduce the return from your investments. The question to ask is whether it is truly worth sheltering hard-earned wealth in multi-layered, contract-based investment accounts when such high costs are involved?