Overview
Firm Description
Proventus AG Vermögensverwaltung
(“Proventus AG”, “Proventus Ltd” or “the Firm”
or “we”), a Swiss corporation based in Zurich,
Switzerland, provides investment advisory
services to clients resident in the United States
(“US”). We also serve US taxpayers or dual
citizens living outside the US and clients who
have no connection to the US. Proventus Ltd
commenced operations in November 1998.
Principal Owners
Markus Widmer principally owns Proventus Ltd.
Discretionary Portfolio Management
Proventus Ltd offers a discretionary asset
management service to individuals and high
net worth clients and their families. The services
provided are designed for investors who wish to
have their assets fully managed by Proventus
Ltd and include asset allocation, investment
selection, active portfolio management and
portfolio rebalancing consistent with the
circumstances, preferences and objectives of
each client.
Proventus Ltd discusses a client's prior
investment history, as well as family
composition and background. As part of this
information-gathering process, Proventus Ltd
determines the client's individual objectives,
time horizon, risk tolerance, tax situation and
liquidity needs and develops a tailored
investment policy.
Each client’s assets are managed in a
separate account (an “Account”) maintained
at a third-party financial institution.
Proventus Ltd purchases and sells securities for
the client’s Account without prior consent of or
notification to the client. Proventus Ltd
determines the securities that are bought and
sold for the client’s Account and the total
amount of the purchases and sales.
Proventus Ltd’s authority may be subject to
conditions imposed by individual clients as set
forth and agreed upon in the asset
management agreement
entered into
between Proventus Ltd and the client. For
example, a client may restrict or prohibit
transactions in certain types of securities.
Client Accounts broadly are managed in a
similar manner, however, differences in each
portfolio occur due to client specific
objectives, tax considerations, liquidity needs,
risk tolerance, reference currency, expected
returns, legal restrictions, investment time
horizon and overall suitability.
Proventus Ltd primarily invests in: Equity
securities, fixed income, high quality rated
debt instruments, mutual funds, exchange
traded funds, hedge funds, precious metals
and in rare occasions structured products. For
the purpose of diversification, client accounts
will hold non-dollar securities in markets outside
the United States.
Whilst generally Proventus Ltd makes
investments with a longer time horizon,
Proventus Ltd may recommend changes to
allocations in an attempt to take advantage of
conditions in the current economic
environment whilst being sensitive to
transaction costs and taxes, as applicable.
Such changes may involve underweight or
overweight positions designed to capitalize on
current economic conditions over the short-
term.
Exceptionally and on client request Proventus
Ltd may recommend other investment advisers
for its clients.
Proventus Ltd’s advice is limited to the types of
securities and transactions as set forth in Item 8.
Proventus does not render any Legal or Tax
advice.
Wrap Fee Programs
Proventus Ltd does not participate in wrap fee
programs.
Assets under Management and Advisement
Proventus Ltd managed approximately $645
million on a discretionary basis and $ 0 million
March 2024
Proventus AG Vermögensverwaltung, CRD: 167142 4
on a non-discretionary basis as of December
31, 2023.