Get on board.
Client onboarding process
Finbou AG (hereinafter referred to as "Finbou") is under the obligation to verify the identity of all account holders and to document all beneficial owners of all invested funds. Corporate clients need to provide additional information about all individuals owning 25% or more shares of the company. Non-operating companies have to disclose all beneficial owners of the company. Under certain circumstances, Finbou will have to verify the validity of the provided data and perform reoccurring checks every 1, 3 or 5 years.
1. Verification of the identity
A valid government-issued photo ID (passport, ID or driver's license) that it is not expired, the photo clearly displays the individual in question, the signature is readable, and the full name and birthdate are present. For corporate clients, this is required for each shareholder owning 25% or more shares of the company as well for all authorized signatories and directors.
b) Proof of residence (POR)
A document confirming the address of the individual(s) in question. This can be provided by either of the following documents issued within the past three months: utility bill (e.g. gas, electricity, internet bill), bank statement, etc. For corporate clients, this is required for each shareholder owning 25% or more shares of the company as well for all authorized signatories and directors.
2. Evidence of beneficial ownership (form A)
3. Evidence of controlling person (form K)
4. Client investor profile (CIP)
Finbou must be satisfied on reasonable grounds that a client has sufficient experience in using financial services and investing in financial products. It is essential that the client(s) and Finbou have a common understanding of investment risk and the client's primary investment objectives for the account(s) managed by Finbou.
5. Corporate documents
a) Certificate of incorporation, or entry in the commercial register (certified for offshore corporations)
b) Articles and memorandum of association, or equivalent document (certified for offshore corporations)
c) Certificate of good standing/incumbency (certified for offshore corporations)
d) Evidence of appointment of current directors
e) Evidence of the company’s current address (POR)
6. Please read the following information:
7. Account opening with a broker
The account opening processes with the broker(s) can be started in parallel to our onboarding.
8. Signing of contracts
Upon receipt of the countersigned agreements (asset management agreement, limited power of attorney etc.), the client's trading accounts will be connected to our trading strategies.