Bellecapital

Bellecapital International

Wealth Management Services

Sound and innovative asset management for wealthy individuals and family offices.

Bellecapital International AG is a Swiss wealth management company registered with the US Securities and Exchange Commission as an Investment Adviser under the Investment Advisers Act of 1940. Our advisors, financial market specialists and asset managers have many years of professional experience in their respective special fields. Our international clients are wealthy individuals and family offices.

Investment Philosophy

Direct investors with a long-term investment horizon.

We are direct investors and operate free of benchmarks to optimize risk management and a long-term investment approach.

We are direct investors and operate free of benchmarks to optimize risk management and a long-term investment approach.

Direct investments

We invest directly in equities, bonds, commodities and specific ETFs where warranted. This allows us to implement our strategy in a precise and cost efficient way while avoiding unpredictable operational risks for our clients.

Free of benchmarks

We are performance oriented in an absolute and not relative sense and are therefore not geared towards industry “benchmarks”. This allows us to decisively reduce our portfolio risk where necessary to protect long-term performance.

Decisive implementation of investment strategy

Market inefficiencies do exist and can be identified through sound analyses. Early detection of global, regional and local trends leads us to our sustained and investable themes.

Focus on the long-term

Our personal relationship with the client is characterized by professionalism and continuity. The clients and their individual requirements are pivotal to us. We do not act on our own authority but carefully define the investment strategy and its implementation together with the client. Full transparency is provided with regard to the cost structure and the investments made. Capital preservation is as important to us as capital enhancement. Thus, we cannot imagine asset management without an adequate and independent risk management, based on careful diversification and determined action.

Team

Our personal relationship with the client is characterized by professionalism and continuity.

Investment Process

A structured process with economic cycles at its core.

Three factors are crucial for the creation of added-value in a portfolio: macro economic analyses, security selection and market timing.

Investment Process

Research

We combine “top down” with a “bottom up” investment selection and profound convictions which are reflected in our investment themes. We take great care to benefit from diversification on all levels: countries, industries, company size, long-term themes as well as short-term opportunities.

Macroeconomic Analysis (Top-Down)

Dr. Martin Jetzer leads our investment process. The macroeconomic analysis is based on long-term economic cycles and is condensed into specific investment themes by combining regions, sectors and styles.

Creative Chaos

In addition to our macro-driven approach, we are always on the lookout for interesting companies with unique profiles. To this end, our professionals are in constant contact with industry experts, company analysts and investors around the globe.

Defining & Screening (Bottom up)

Once investment themes have been defined, we will screen the best fitting securities from a bottom-up perspective. Our bottom-up analysis is based on qualitative and quantitative models. Our aim is to pick the best single securities that match our investment themes.

Portfolio Management

Before being implemented into the portfolio, each stock must have a fully formulated investment case. We constantly monitor the portfolios’ development, optimize allocations, hedge unwanted risks and shift single positions.

Bellecapital Portfolio

We have decided views on market trends reflected in our asset allocation and comprising the following asset classes: liquidity, equities, bonds, commodities and currencies.

Request a meeting

News & Publications

Our voice in the press.

News & Publications

Our voice in the press.

Swiss asset boutique hires trio for UK growth after Investec deal

January 2016
Swiss asset manager Bellecapital is expanding its London business after an agreement to acquire Williams de Broë’s Private Investment Management arm from Investec Wealth & Investment.

No end to the equity boom

August 2015
Interview with Dr. Martin Jetzer in the Finanz und Wirtschaft dated 26 August 2015.

Why diversify?

December 2014
Jochen Vogler, Executive Director at Bellecapital International, examines trustees’ duty to diversify assets.

Swiss wealth manager plans to set up shop in London

September 2014
Bellecapital, a Swiss private asset management company providing global investment management services to wealthy individuals, families and endowments and run by former HSBC-Guyerzeller and Barclays people, plans to open a London operation shortly.

INNER CIRCLE INTERVIEW

April 2014
Mark Nestmann and Curtis Childs discuss Bellecapital, Switzerland, the US, regulation and taxes.

Sell in May and go away?

June 2014
A look at the market by Martin Jetzer, chief economist and responsible for the investment process of Bellecapital.

Bang For Your Buck

June 2013
Curtis Childs, Managing Partner of Bellecapital International, quest for the right custodians and asset managers for o­ shore structures with US benefi ciarie.

Most Foreign Banks Don't Want U.S. Clients; How To Find One That Does

August 2012
A review of the challenges for US clients to maintain and open a non-US account and some guidelines of what to look out for.
By Jochen Vogler

Prepare for Change

June 2012
Curtis Childs on Establishing and Administering Foreign Trusts, Selecting Asset Managers and Custodian Banks. Copyright Society of Trust and Estate Practitioners, article first published in STEP Journal Volume20/Issue5.

Asset Management for Offshore Trusts with U.S. Beneficiaries

February 2012
Trust market differs from the onshore market in many ways.
By Michel Guignard.

Serving US Expats In An Increasingly Anti-Secrecy Banking World

February 2012
Tom Burroughes: WealthBriefing Group Editor in London

Money is still flowing into Switzerland from the USA

February 2012
Michel Guignard: Hands off US clients? On the contrary. The asset manager Bellecapital International is focusing on clients from America.

Bellecapital: «It’s a 40 billion Swiss franc market»

December 2011
Since the withdrawal of numerous Swiss banks from business with US clients, this market is being concentrated on a group of institutions who are ...

Swiss based SEC Registered Investment Adviser unit

October 2011
Bellecapital launches Swiss based SEC Registered Investment Adviser unit with the recruitment of Curtis M. Childs and Michel Guignard.

Mark Eberle: «U.S. customers remain a source of growth.»

September 2011
Bellecapital launches Swiss based SEC Registered Investment Adviser unit with the recruitment of Curtis M. Childs and Michel Guignard.

Show more news

Contact

Bellecapital International AG
Limmatquai 1
CH-8001 Zurich

Main+41 44 268 11 70
Fax+41 44 268 11 71
Mail info@bellecapital-intl.com

Copyright © 2015: Bellecapital International AG is a Swiss company based in Zurich. It is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). The company is a member of the Swiss Association of Asset Managers SAAM, the leading body of its kind in Switzerland for independent asset managers. This website is not intended for use by any person in any jurisdiction where by reason of that person's nationality, residence or by reason of the nationality or jurisdiction of the business activities of Bellecapital the publication or availability of Bellecapital’s Website is prohibited or restricted. Should a legal relationship result between the user of this website and Bellecapital the latter will be subject to Swiss law.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Terms of Use

The information on this page has been approved by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. (“we” and “us”). Your use of this website is subject to your agreement to the following terms and conditions. Access to information on this website may be restricted by laws and regulations applicable to you or your location. Persons in respect of whom such prohibitions apply must not access this website. By continuing to access this website, you acknowledge your acceptance of these terms:

1. Information

The information and material on this website are provided for information purposes only and are not to be used or considered to be an offer or solicitation to buy, sell or subscribe to any securities or other financial instrument or investment.

2. No Investment Advice

Nothing on this website shall be considered to be providing investment advice to you. Specifically, any information contained on these pages does not constitute our investment policy or an investment recommendation, but merely the different assumptions, views and analytical methods of those who prepared it. The information, opinions and estimates expressed herein reflect a judgment as of its original publication date and are subject to change without notice. We do not intend to provide investment or other advice to you or any other party via this website, and no information or material available through our web site should be relied upon for the purpose of making or communicating investment or other decisions. Your access of this website does not result in us agreeing to be your investment adviser. We shall have no responsibility to provide you with investment advice until such time as we enter into a written agreement to provide such advice.

3. No Offer

No information or opinion whatsoever expressed in this web site should be construed as a solicitation, an offer or recommendation to acquire, sell or dispose of any investment or to engage in any other transaction. None of the investments referred to in this web site are available, and prospectuses in respect of them will not be distributed, to persons resident in any country, state or jurisdiction where such distribution would be contradictory to local law or regulation.

4. No Warranty

Although we attempt to ensure that the information on this website is accurate and complete at the time of publication and has been obtained from sources believed to be reliable, no warranty expressed or implied is made to its accuracy, reliability, actuality and completeness by us. We accept no liability for any loss or damage (including, without limitation, any loss of profit or any other direct or indirect damage) arising from any use made of information contained in this web site. Opinions and any other contents on the site are subject to change without notice.

5. Investment Performance

The information on this website does not take into consideration the specific investment objectives, financial situation or particular needs of any person that enters into a relationship Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. The value and income of any investment and the income they generate may decrease or increase. The market value of securities or financial instruments may be affected by changes in economic, financial or political factors, time to maturity, market conditions and volatility, or the credit quality of any issuer or reference issuer. Investors may not recover the amount invested. Foreign currency rates may have a positive or adverse effect on the value, price or income of any security or related investment. Many factors may affect the value of an investment, and accordingly, investors effectively assume all risks and may receive back less than they had originally invested. Past performance should not be taken as an indication or guarantee of future performance and no representation or warranty, expressed or implied, is made by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. regarding future performance.

6. Local Law Restrictions

This website and its pages are not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of, or located in, any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation.

7. Copyright and Reproduction Notice

All material available on this website, unless otherwise specifically indicated, is subject to copyright with all rights reserved by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd.. The material is freely usable for browsing purposes only and requires express mention of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. in the event the material or any part thereof, is reproduced in any form, written or electronic. Additionally, any re-publication of this material requires the express written consent of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd..

8. Tradename

Bellecapital is a tradename and service mark used by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. under license.

Privacy Policy

The websites www.bellecapital.com, www.bellecapital.ch and www.bellecapital.co.uk are owned and maintained by Bellecapital Holding AG, Bellevueplatz 5, 8001 Zurich, Switzerland. The website www.bellecapital.ch is owned and maintained by Bellecapital AG, Bellevueplatz 5, 8001 Zurich, Switzerland. The website www.bellecapital.com is owned and maintained by Bellecapital International AG, Limmatquai 1, 8001 Zurich, Switzerland. The website www.bellecapital.co.uk is owned and maintained by Bellecapital UK Ltd., 42 Berkeley Square, London W1J 5AW, United Kingdom. These websites are collectively referred to in this policy as the “Websites”. The Websites provide information relating to the services of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. for prospective and current clients. In the course of your use of the Websites, Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. may obtain personal information about you. This policy describes the types of personal information that may be collected about you in connection with your use of the Websites:

“Cookies” are small text files that may be placed on your Web browser when you visit the Websites or when you view advertisements placed on other websites by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. The information derived from cookies is used for administrative purposes to help Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. gauge the effectiveness of its advertising efforts and to improve your experience with the Websites. For example, this information may help authenticate you (i.e., verify that you are who you say you are). Cookies also make it easier for you to navigate the Websites by, among other things, “remembering” your identity so that you do not have to input your password multiple times as you move between pages or services. Cookies also may be used to serve you advertisements when you visit websites of third parties with whom Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. may have marketing relationships. You can set your Web browser to inform you when cookies are set, or to prevent cookies from being set. However, if you decline to use cookies, you may experience reduced functionality. The Websites use cookies that last indefinitely. If you do not wish to have a cookie stored in your computer, you should disable them in your browser’s security options.

“Clickstream” data (e.g., information regarding which of our web pages you access, the frequency of such access, and your product and service preferences) may be collected by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. itself, or by its service providers, using cookies, Web beacons, page tags, or similar tools that are set when you visit the Websites or when you view an advertisement that Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd. has placed on another website. Clickstream data and similar information may be shared internally within Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. and used: for administrative purposes; to assess the usage, value and performance of online products and services; to improve your experience with the Websites; and as otherwise permitted by applicable law or regulation. This information may be processed by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. for the purposes described above, or by third parties on behalf of Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. When you visit the Websites, your browser may be momentarily directed to the website of an ad server or other third party service provider. This re-direction process will not be apparent to you. These third party websites automatically receive your IP address when this happens, and they may also collect information from your interaction with the Websites including computer and connection information, standard web log information, and ad information. Such information generally does not identify you individually.

Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. may make available on its Websites third party applications such as content linking or sharing facilities. Information collected by providers of such applications is governed by their privacy policies. Following links to any other off-site pages or other web sites is at the user's own risk.

This policy provides a general statement of the ways in which Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. gather information from the use of its Websites. In connection with specific products or services offered by Bellecapital AG, Bellecapital International AG or Bellecapital UK Ltd., you may be provided with separate privacy policies or statements. This policy may be changed from time to time without notice by Bellecapital AG, Bellecapital International AG and Bellecapital UK Ltd. The revised policy will be effective immediately upon posting to the Websites. This version of the policy is effective April 30, 2015. If you require further information regarding this privacy policy please contact us.