One year after the decision by the Swiss Supreme Court that trailer fees received by banks for asset management services belong to the clients, the Swiss Reclaim Corporation Ltd becomes operative.

More information: Swiss Reclaim Corp Ltd – Flow chart

One year after the decision by the Swiss Supreme Court that trailer fees received by banks for asset management services belong to the clients, the Swiss Reclaim Corporation Ltd becomes operative.

Trailer fees are inducements, which banks receive from product providers when they distribute investment products. According to the decision of the Swiss Supreme Court dated 30 October 2012 the trailer fees belong to the clients and not to the banks.

Hans Ludwig Müller, Chairman of the Board of the Directors of the Swiss Reclaim Corporation Ltd, explains: „In view of this Supreme Court ruling, each client of a Swiss bank should be asking himself, whether his assets are managed by the bank on a discretionary basis and whether the bank in this context is investing in mutual funds and/or structured products. In case the answer to both questions is yes, the client should check whether he is entitled to reclaims. In total there are billions of Swiss francs at stake. “

In practice bank clients are facing difficulties in getting repayment of the trailer fees. The Swiss Reclaim Corporation Ltd is specialized in supporting bank clients regarding law enforcement for trailer fees. At first the company will verify if a client is entitled to reclaim. If yes, it will take care of the communication and the negotiations with the bank.

On its website the Swiss Reclaim Corporation Ltd offers a simple flow chart, which gives a first indication as to whether reclaims can be made.