🏦 Wealthy U.S. citizens, both domestically and abroad, are increasingly moving their assets to Swiss banks due to the “uncertainty caused by Donald Trump’s presidency.”
Source: Bukvy
📈 Private bankers and wealth management firms are seeing a significant rise in clients looking to open accounts in Switzerland. Josh Matthews from Maseco compares this interest to the financial crisis period when American banks were at risk of bankruptcy.
💰 One financial advisor mentioned that his company is helping a wealthy family from the U.S. transfer between 5 to 10 million dollars to Switzerland.
🇨🇭 Swiss banks have adapted to U.S. tax requirements:
🔹 Pictet Bank, which works with American clients through a subsidiary registered with the SEC, confirmed the rise in demand.
🔹 After legal proceedings against Swiss banks since 2008, financial institutions have changed their policies, increasing transparency and beginning to exchange tax information with the U.S.