Bank Vontobel & Schwyzer Kantonalbank as preferred custody bank partners
The Wealth Office platform of Zwei Wealth enables clients to combine asset managers freely and build their own personalised wealth office. Multiple custodian bank solutions are available and can be matched according to client preferences. We explain why a bundled and integrated custody bank solution is the way forwards.
Two vetted and long-standing preferred partners
Our two preferred custodian banks – Schwyzer Kantonalbank (SZKB) and Bank Vontobel – work in a fully integrated model with Zwei Wealth, offering multiple advantages for clients and Wealth Office Partners. After a detailed review, we consider both SZKB and Bank Vontobel as top service providers with the best overall offering for our clients at attractive conditions.
Zwei Wealth maintains very close working relationships with both partners, enabling us to monitor service quality, exchange ideas and work together on solving potential issues and delivering the best banking experience for the future.
With SZKB we have a state-backed cantonal bank on the shelf with a long-term service track record with Zwei Wealth, a high-quality standard. Bank Vontobel offers additional presence in every language regional, strong cross-border expertise for clients domiciled abroad and access to new technology features with regards to onboarding and client management.
Advantages for clients and Wealth Office Partners
First, in a world of data and increasingly fake news, the quality and reliability of client reporting is of utmost importance. The integrated solution with SZKB and Bank Vontobel allows for a safe and data feed with a highly regulated entity instead of having to rely on different formats and performance reporting standards of individual wealth managers.
Secondly, our clients benefit from an attractive pre-negotiated pricing agreement that will result and fewer surprises with regard to total costs at the end of the year.
Thirdly, we have access to a dedicated Zwei Wealth service desk at these two partners, allowing for fast onboarding and set-up as well as quick responses for any kind of inquiries.
Client and documentation is greatly supported by ready-available documents on the Zwei Wealth platform.
In the case of Bank Vontobel, clients can benefit from new features like digital onboarding, allowing for instance the identification of clients without physical presence.
We strongly believe that the future of wealth management includes fully integrated models and would advocate switching to bundled services if available. Several wealth managers have already onboarded with one or both of our preferred custodian banks.
Please inquire about the possibility for your portfolio with your Wealth Office Partner.
