Thanks everyone for your advice.
The bank in question is Raiffeisen.
He provided me with the report of last quarter, so here’s a bit more detail:
- he chose responsible, Swiss focus with medium-high risk
- average TER is about 0.3-0.4%, about half are low-cost ETFs
- asset classes are 10% money market, 10% bonds CH, 10% bonds non-CH, 56% stocks CH, 7% real estate CH, 7% gold
- 5 out of 6 stock funds invest in more or less the same Swiss companies, Nestlé alone is about 10% of total portfolio value, Roche and Novartis surely take up not much less than 10% each as well
The biggest problem I see is lack of diversification in international stocks.