Independent asset manager (IAM)

An independent asset manager (IAM) is a portfolio manager that does not belong to a banking group. Under FinIA it must be licensed by FINMA and is supervised by a supervisory organisation.

The IAM does not hold client assets itself: they stay in an account in the client's name at a custodian bank, and the manager usually receives a power of attorney limited to management. The client can choose the bank and change manager without moving the assets.

See also

• Custodian bank
• Discretionary mandate
• FinIA (Financial Institutions Act)

In the directory: Independent asset managers in Geneva · Private banks in Geneva · Family offices in Geneva