The Financial Services Act (FinSA)
Last modified: April 10, 2025
Information
This FinSA information document informs you about how Expertisia, Sana Safavi herein referred to as “Expertisia” (“we” or “us”) applies certain requirements of the Swiss Financial Services Act (FinSA).
Purpose of the Financial Services Act (FinSa)
FinSa aims to protect the clients of financial service providers by establishing the requirements for honesty, diligence, and transparency in the provision of financial services in Switzerland.
Information about Expertisia
Expertisia is an independant investment advisory firm. As a Swiss financial provider, we are subject to the provisions of the Financial Services Act (FinSa).
Contact details:
Expertisia,
Sana Safavi
7 rue de Malagny
1196 Gland
Switzerland
All our advisors are entered on a register of advisors maintained by a registration body licensed by the Swiss Financial Market Supervisory Authority (FINMA).
Register:
ARIF
8 rue de Rive
PO Box 3178
1211 Geneva 3
Our Services
We offer financial services to private clients only, in the fields of wealth strategy and investment advisory, without power of attorney on the client’s accounts. We provide our service on a reverse solicitation basis.
When determining the wealth strategy, or when providing investment advice, we consider the client’s overall assets, and their financial, tax, and legal situation.
An investment advisory mandate is intended for clients who wish to receive tailored investment recommendations and advice about transactions in financial instruments or tactical asset allocation. The ultimate investment decision is made by the client.
The FinSa distinguishes between investment advisory services for individual transactions where the client’s entire portfolio is not taken into account, and investment advisory services that take the client’s entire portfolio into account.
Risks and costs
Investments in financial instruments involve risks, which are described in the Swissbanking brochure.
Concentration risk: we are required to inform clients about the nature and extent of unusual concentration risks such as a concentration of 10% or more in individual securities, or a concentration of 20% or more in certain issuers.
Our current fees can be found on our website.
In connection with the provision of investment advisory services, separate fees may be charged by your custodian bank. Other costs and fees will be charged to you indirectly, such as the current fees of an investment fund, or ETF.
Client segmentation
Unless they advise otherwise, we classify all our clients as retail clients by default. Clients therefore automatically benefit from the highest level of protection provided by the FinSa.
High-net-worth retail clients with assets above CHF 2 millions and experienced individuals in the financial sector with assets above CHF 500’000 may declare that they wish to be treated as professional clients (opting out). A professional client benefits from a lower level of protection than a retail client.
If the client qualifies as a professional, he can expressly waive the application of the rules of conduct set out in art. 8, 9, 15 and 16 of the FinSa (duties to provide information, documentation, and rendering of account).
Clients who are not classified as retail may opt-in at any time in order to be classified as retail clients again.
Appropriateness and suitability
When recommending financial products or services, we must take into account the client’s knowledge, experience, financial circumstances, and investment strategy. We must enquire about the client’s knowledge and experience for each investment category included in our financial service offering, while considering the characteristics of his investment strategy and the type of financial instruments used.
To assess suitability and appropriateness, we rely on the information provided b the client. If the information is outdated, missing or incomplete, we cannot guarantee the suitability and appropriateness of the services offered to the client.
Appropriateness test
If the investment advice is provided for individual transactions without taking into account the client’s entire portfolio, we must check the appropriateness of the recommended financial instruments with regard to the client’s knowledge and experience.
By providing appropriate information, we can compensate for any lack of experience or knowledge.
Suitability test
If the investment advice is provided taking into account the client’s entire portfolio, we must enquire about the client’s financial situation and investment objectives as well as their knowledge and experience with regard to the intended financial service, and not the individual transactions.
Based on the information provided by the client, we crate a risk profile and establish an investment strategy.
Information on financial products
When advising or recommending investment funds, ETFs, or structured products, we must first provide the private client with a Key Information Document on the financial instrument.
We document the financial products discussed with the client, their suitability and our recommendations. The client can request a copy of this documentation at any time. At least once a year, we provide a portfolio analysis report in connection with our investment advisory service.
Remunerations received from third parties
We do not receive any remuneration from third parties.
Conflicts of interest
We act in the client’s best interest and strive to avoid any conflict of interest.
Ombudsman
In the event our services do not meet the client’s exectations and we were not able to reach an amicable solution, the client can contact the Ombudsman service responsible for Expertisia:
Financial Services Ombudsman – Switzerland (FINSOM)
Avenue de la gare 66
1920 Martigny
+4127 552 04 24
info@finsom.ch
www.finsom.ch
Generally, the Ombudsman gets involved only after a written complaint has been submitted to us and no agreement has been reached. Proceedings before the Ombudsman are free of charge for the client.