If we look at recent banking history - I actually wouldn’t hold more than 7 Rappen with a Swiss bank if I didn’t have to.
I love that we have brokers like IBKR, which are run by professionals and not by neppo babies, like Debit Swiss…
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I would say, irrespective of swiss/ non-Swiss, it would be prudent to split the portfolio to multiple brokers as it increases with size.
Having said that, the vast majority of my assets are at IB and and I am currently looking to transfer half of it (1 position) to a secondary broker with zero/minimal custody fee (Saxo or PostFinance)
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I guess you consider CHF 72 per year at Postfinance a minimal custody fee. Still, what would warrant these CHF 72 vs. free at Saxo?
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Sure, but people take themselves away too seriously… a 10M portfolio isn’t that big of a deal for a company like IBKR - diversifying your 1M in 3 brokers seems a bit pointless to me personally.
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FYI custody fee at PF is usable as trading credit.
(Tho personally I don’t use it, for a 7 figure portfolio a flat custody fee is fine for me. Plus I like having PF as diversificarion on the banking side as well)
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Nothing really, except a brick and mortar bank. I know it uses Swissquote at the back end.
I anyways have PostFinance account(s) - legacy reasons and pay them 60 CHF a year. This gives me USD account (CH IBAN) as part of privationto : usable for me to transfer money from my home country. I get terrible rates for CHF and EUR from my home country.
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Yes, I’m aware of that.
Still, I think it’s important to distinguish the two. Custody fee is a fee to start with. Once you start comparing trading fees you could argue that PF has zero trading fees for around four trades per year.
10M is small for IBKR. 1M is likely a big number for many on this forum including me. I guess many people on this forum have FI target between 2-3M in liquid assets.
Psychologically speaking, if anything happens at a broker, it is far better to have 33/50% of your assets frozen for some period than having all of it.
PostFinance has the obligation to offer anybody an account, even criminals. I think that’s a big plus.
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If trading costs are prohibitive, buy on IB , transfer to SQ or Saxo for free.
Problem solved
In meantime UBS manages trillions of dollars
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An unverified AI answer tells me:
UBS manages approximately $7.3 trillion in total invested assets, while Interactive Brokers holds roughly $962.8 billion in total client equity.
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1M is a lot of money for my poor ass as well, but the “something happens” scenario is quite unlikely. If someone needs this for their peace of mind, well then better to do it I guess.
They are the 3rd biggest after Blackrock and Vanguard as far as I’m aware.
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VALL already reached a billion $ in aum.
That is insane. In two weeks.
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Can’t wait for the CHF listing.
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Is there like a website which tracks AUM daily?
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We have crazy Mustachians, who act as a live ticker - no website needed! 
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Tradingview is pretty up2date.
Depends on the size of the trading, but overall yes. The fee structure for trading on SIX is here, a quarterly trading of 5001-10000 will cost 48 franks for the year.