How to Open an Account at Edmond de Rothschild (Suisse) SA

Parameter;Details

Year of establishment;1953 History;Edmond de Rothschild Group is a privately held, family-owned financial group specializing in asset management and private banking. Founded in 1953, the Group has been chaired by Baron Benjamin de Rothschild since 1997. As of June 30, 2013, it managed CHF 163 billion in assets (EUR 135.7 billion), with 2,900 employees across 30 global offices. Its core areas include wealth management, private banking, corporate finance, private equity, and institutional services. Shareholders;Edmond de Rothschild Holding SA (Geneva, Switzerland) – 77%. Rothschild Holding AG (Zurich, Switzerland) – 8.4%. Private shareholders – 11.6% Confidentiality;Switzerland has signed a legal assistance treaty and a double tax treaty with Russia, the bank strictly adheres to AML regulations and is a member of OECD, FATF, Basel Committee, Egmont Group, and others.

Parameter;Details

Minimum balance;USD 2,000,000 ("entry threshold") Permitted transactions/month;Strictly no commercial activity is allowed, the bank is intended for private, long-term wealth preservation Initial deposit;Typically 10–50% of the required minimum balance Deposit deadline;The minimum balance must be reached within 1–5 years Payment execution speed;Value date: T+2 business days

Parameter;Details

Outgoing transfer (€50,000);Charged based on transaction, 0.1–0.375% Incoming transfer (€50,000);Charged based on transaction, 0.1–0.375% Account maintenance (€/year);Account opening – free of charge. Maintenance fee – 0.2%, min. EUR 400 / max. EUR 4,000. Asset management fee: up to CHF 500,000 – 0.80% (min. CHF 500), CHF 500,000–1,000,000 – 0.60% (min. CHF 500), CHF 1,000,000–2,500,000 – 0.40% (min. CHF 500), above CHF 2,500,000 – 0.20% (min. CHF 500). Savings account interest - 2.357%, for numbered/pseudonym accounts – 2.375% (min. CHF 100) Account management;All standard remote (online) and traditional (telephone) banking methods available Banking products;Full range of financial services Credit cards;Available across multiple international payment systems

Parameter;Details

Bank visit;A personal meeting with the bank is mandatory Documentation required;Completed bank forms, a copy of the client’s passport, client résumé, and a standard corporate document package Account types;Savings Due Diligence / Procedure;Account can be opened without entering Switzerland, banker meeting not required for follow-up procedures Likelihood of account approval;Assessable and predictable Business description;A moderately detailed business profile is required, including information on source of funds