Baader Bank AG
Baader Bank expands its services for online asset managers in Switzerland with Scalable Capital as the pioneer
DGAP-News: Baader Bank AG / Key word(s): Alliance Press release: Unterschleißheim, January 10, 2018: As the account-holding and depository bank for Scalable Capital, Baader Bank offers specific tax reporting as a service for the online asset manager’s Swiss customers. Together with Scalable Capital, Baader Bank successfully launched a solution for Austrian customers in October 2017. Baader Bank offers Scalable Capital complete mapping of all asset management processes from account and deposit management through order processing to tax reporting. The institution will manage the portfolios in euros and in doing so create added value for Swiss customers. In this way, Baader Bank is further expanding its position as a leading service provider for digital and traditional asset managers. Online asset managers can now work in conjunction with Baader Bank to serve the entire DACH (Germany, Austria and Switzerland) region. For Swiss private clients, holding an account with Baader Bank is now even more attractive because they can declare their capital gains in their Swiss tax declaration without any additional effort. Baader Bank already provides a tax reporting service in accordance with Swiss law for the 2018 tax year. The new service is available to Swiss private investors using all asset management procedures with Baader Bank as the cooperation partner. “We are pleased to be able to support our partner Scalable Capital in its expansion in Switzerland”, said Oliver Riedel, Member of the Board of Directors at Baader Bank. “The cooperation strengthens the expansion of the Banking Services business division and is of key strategic significance to Baader Bank. As a modern service provider for traditional and digital asset managers, we offer a full product range with the aim of further growth in the securities account business”, Oliver Riedel continued. Erik Podzuweit, the founder and CEO of Scalable Capital, added, “As an asset manager, there are many services that we are able to offer only in conjunction with a custodian bank. As a leader in technology for digital banking services, Baader Bank is therefore an ideal partner in account and securities account management for our clients in Germany, Austria, Switzerland. It starts with the ability to open an account without a signature, and also applies to tax reporting”. Note: Please do not hesitate to contact us with any questions. Please reach out to your tax adviser regarding any tax issues.
Katharina Ariane Beyersdorfer Tel.: +49 89 5150 1016 katharina.beyersdorfer@baaderbank.de
In the Banking Services business, Baader Bank is the leading service provider for fintechs, robo-advisors and traditional asset managers across all asset classes.
10.01.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Baader Bank AG |
Weihenstephaner Str. 4 | |
85716 Unterschleissheim | |
Germany | |
Phone: | +49 89 5150 1013 |
Fax: | +49 89 5150 1111 |
E-mail: | communications@baaderbank.de |
Internet: | www.baaderbank.de |
ISIN: | DE0005088108 |
WKN: | 508810 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |