Are my assets protected against bankruptcy?

In the event of True Wealth AG's bankruptcy, your investments will remain in the custody of the account-holding bank until you have instructed it to close your account and custody account or have transferred the asset management mandate to another asset manager. Your securities are booked as special assets with the account-holding bank, i.e. in the hypothetical event of bankruptcy of the account-holding bank they do not fall into the bankruptcy estate of the bank but remain your property. Only the cash balance would fall into the bankruptcy estate of the bank. In this case, the deposit guarantee for the first CHF 100'000 of your cash balance comes into play.

For the cash booked with our custodian bank Basellandschaftliche Kantonalbank (BLKB), the unlimited state guarantee also applies, i.e. the canton of Basel-Landschaft guarantees the deposits of BLKB in the hypothetical event of bankruptcy.

However, the deposit guarantee may reach its limits in the event of a systemic bankruptcy of several large banks at the same time. For this reason, our portfolio proposals usually contain only a small cash quota (approx. 2%), which we need for portfolio-related reasons. For risk-averse investors, in addition to sight deposits with a government guarantee at BLKB, we use the ETF on short-dated Swiss federal bonds (so-called «Eidgenossen»).