Regulatory information

Supervisory Authority of Lumen Capital (Schweiz) AG

We are licensed by the Swiss Financial Market Supervisory Authority FINMA to act as asset managers in accordance with the Swiss Federal Act on Financial Institutions:

Swiss Financial Market Supervisory Authority FINMA
Laupenstrasse 27
3003 Bern

Tel.: +41 31 327 91 00
E-mail: info@finma.ch
Web: www.finma.ch

Furthermore, Lumen Capital (Schweiz) AG is supervised by the supervisory organization FINcontrol Suisse AG, General-Guisan-Strasse 6, 6300 Zug.

Ombudsman's Office

Lumen Capital (Schweiz) AG is affiliated with the independent Financial Ombudsman Service Switzerland (FINOS) recognized by the Swiss Federal Department of Finance. In the event of any disputes regarding legal claims between our clients and Lumen Capital (Schweiz) AG, our cients can contact this ombudsman's office at any time. Information about possible administrative costs in connection with mediation proceedings can be found on the website of the ombudsman's office.

Financial Ombudsman Service Switzerland (FINOS)
Talstrasse 20
8001 Zurich
Tel.: +41 44 552 08 00
E-mail: info@finos.ch
www.finos.ch

FIDLEG Client Information

You can find our client information sheet on the Federal Financial Services Act FIDLEG here:

Information about the financial services of Lumen Capital (Schweiz) AG.

Dear Sir or Madam

With this information brochure we would like to inform you about Lumen Capital (Schweiz) AG (hereinafter referred to as "Lumen") and our measures to avoid loss of contact or dormancy, our offered financial services and the associated risks, the handling of conflicts of interest as well as the initiation of a mediation procedure before the ombudsman's office. The information in this brochure may change from time to time. You can physically obtain the current version of this brochure at our business address.

For information on the risks generally associated with financial instruments, please refer to the brochure "Risks in Trading with Financial Instruments" published by the Swiss Bankers Association. The brochure is available on the Internet at www.swissbanking.org.

For further information and if you have any questions, please do not hesitate to contact your client advisor.

1. information about lumen

1.1 Name and address

Name:
Lumen Capital (Schweiz) AG
Address:
Stockerstrasse 54
Postcode / City:
8008 / Zurich
Phone:
+41 43 268 83 00
E-Mail:
contact@lumencapital.ch
Website:
www.lumencapital.ch

HReg-Nr. : CHE-474.020.807

1.2 Field of activity

Lumen is based in Zurich and offers the financial service of asset management.

1.3 Supervisory status and competent authority and supervisory organization

Lumen holds a license pursuant to Article 17 (1) of the Financial Institutions Act, which has been granted to it by the Swiss Financial Market Supervisory Authority FINMA, Laupenstrasse 27, 3003 Bern. Furthermore, Lumen is supervised by the supervisory organization FINcontrol Suisse AG, General-Guisan-Strasse 6, 6300 Zug.

1.4 Dormant assets

It happens that contacts with clients are broken off and the assets subsequently become dormant. Such assets may be permanently forgotten by clients and their heirs. The following is recommended to prevent contact being broken off or assets becoming dormant:

  • Address and name changes: Please notify us immediately of any change of residence, address or name.
  • Special instructions: Please be advised of extended absences and of any redirection of correspondence to a third-party address or withholding of correspondence, as well as how to be reached in urgent cases during this time.  
  • Granting of powers of attorney: It may be advisable to designate an authorized person whom the asset manager can approach in the event of a break in contact.
  • Orientation of trusted persons and testamentary disposition: Another way to avoid lack of contact and news is to orient a trusted person about the relationship with the asset manager. However, the asset manager may only provide information to such a trusted person if he or she has been authorized to do so in writing. Furthermore, the assets concerned may be mentioned, for example, in a testamentary disposition.

Lumen will be happy to answer any questions. Further information can also be found in the brochure "Dormant Assets" published by the Swiss Bankers Association. The brochure is available on the Internet at www.swissbanking.org.  

2. information about the asset management offered by Lumen.

2.1 Nature, characteristics and functioning of financial services

In asset management, Lumen manages in the name, for the account and at the risk of the client, assets that the client has deposited with a custodian bank. Lumen executes transactions at its own discretion with or without consultation with the client. In doing so, Lumen ensures that the transaction executed by it is in accordance with the client's financial circumstances and investment objectives, as well as the investment strategy agreed with the client, and ensures that the portfolio structuring is suitable for the client.

2.2 Rights and duties

In asset management, the client has the right to manage the assets in his portfolio. In doing so, Lumen carefully selects the investments to be included in the portfolio within the framework of the market offer considered. Lumen ensures an appropriate distribution of risk as far as the investment strategy allows. It regularly monitors the assets it manages and ensures that the investments are in line with the investment strategy agreed in the investment profile and are suitable for the client. Lumen regularly informs the client about the agreed and provided asset management.

2.3 Risks

In asset management, the following risks arise in principle, which lie in the risk sphere of the client and are therefore borne by the client:

It happens that contacts with clients are broken off and the assets subsequently become dormant. Such assets may be permanently forgotten by clients and their heirs. The following is recommended to prevent contact being broken off or assets becoming dormant:

  • Risk of the selected investment strategy: Various risks may arise from the investment strategy selected and agreed upon by the client (see below). The client bears these risks in full. A presentation of the risks and a corresponding risk disclosure shall be made before the investment strategy is agreed.
  • Asset preservation risk, or the risk that the financial instruments in the portfolio will lose value: This risk, which may vary depending on the financial instrument, is borne in full by the client. For the risks of the individual financial instruments, please refer to the brochure "Risks in Trading with Financial Instruments" of the Swiss Bankers Association.
  • Information risk on the part of Lumen or the risk that Lumen has too little information to make an informed investment decision: When managing assets, Lumen considers the client's financial circumstances and investment objectives (suitability test). If the client provides Lumen with insufficient or inaccurate information regarding the client's financial circumstances and/or investment objectives, there is a risk that Lumen will not be able to make investment decisions that are suitable for the client.
  • Risk as a qualified investor in collective investment schemes: Clients who make use of asset management services within the framework of a long-term asset management relationship are deemed to be qualified investors within the meaning of the Collective Investment Schemes Act. Qualified investors have access to forms of collective investment schemes that are exclusively open to them. This status enables a broader range of financial instruments to be taken into account in the design of the portfolio. Collective investment schemes for qualified investors may be exempt from regulatory requirements. Such financial instruments are therefore not or only partially subject to Swiss regulations. This may give rise to risks, in particular due to liquidity, investment strategy or transparency. Detailed information on the risk profile of a particular collective investment scheme can be found in the constituent documents of the financial instrument and, where applicable, in the basic information sheet and the prospectus.

Furthermore, risks arise during asset management which are within the risk sphere of Lumen and for which Lumen is liable towards the client. Lumen has taken appropriate measures to counter these risks, in particular by observing the principle of good faith and the principle of equal treatment when processing client orders. Furthermore, Lumen ensures the best possible execution of client orders.

2.4 Market supply considered

The market offer taken into account in the selection of financial instruments does not cover own financial instruments. The following financial instruments are available to the client as part of asset management:

  • Shares;
  • Debt securities;
  • Units in collective investment schemes;
  • Structured Products;
  • Derivatives; and
  • Other financial instruments, provided they are judged by Lumen to be suitable for achieving the investment strategy.

3. dealing with conflicts of interest

3.1 In general

Conflicts of interest can arise when Lumen:

  • can achieve a financial advantage for itself or avoid a financial loss at the expense of clients in breach of good faith;
  • has an interest in the outcome of a financial service provided to clients that is contrary to that of the clients;
  • has a financial or other incentive in the provision of financial services to place the interests of certain clients above the interests of other clients; or
  • accepts an inducement in the form of financial or non-financial benefits or services from a third party in breach of good faith in relation to a financial service provided to the clients.

They arise in particular from the coincidence of:

  • several client orders;
  • Client orders involving Lumen's own business or other proprietary interests or those of Lumen's affiliates; or
  • has a financial or other incentive in the provision of financial services to place the interests of certain clients above the interests of other clients; or
  • Client orders with business from Lumen's employees.

In order to identify conflicts of interest and to prevent them from having a detrimental effect on the client, Lumen has issued internal directives and has taken the following organizational precautions in particular:

  • Lumen has established an independent control function that continuously monitors investment and employee transactions as well as compliance with market conduct rules. Through effective control and sanction measures, Lumen can thus avoid conflicts of interest.
  • Lumen requires its employees to disclose mandates that may lead to a conflict of interest.
  • Lumen regularly trains its employees and ensures that they have the necessary expertise.
  • Lumen consults with and obtains approval from the control function for matters that may involve a conflict of interest.

3.2 Compensation by third parties

Within the scope of providing financial services, Lumen may accept compensation from third parties. Whether Lumen accepts compensation from third parties, the type, the extent, the calculation parameters and the ranges are defined in the contract with the client.

3.3 Further information

For more information about potential conflicts of interest in connection with the services Lumen provides and the precautions taken to protect the client, please contact Lumen.

4. legal notice

This information brochure has been prepared exclusively for clients of Lumen. Despite careful examination, Lumen assumes no liability for the adequacy, accuracy, completeness or correctness of the contents of this information brochure, mainly because some details may have changed after its publication. The contractual terms between the client and Lumen always apply.