Pictet & Cie (Europe), S.A., Sucursal en España products, services and reviews

About Pictet & Cie (Europe), S.A., Sucursal en España

Pictet & Cie (Europe), S.A., Sucursal en España is the Spanish branch of Pictet & Cie (Europe) S.A., a Luxembourg credit institution within the privately owned Pictet Group, and operates in Spain under the EU passport regime. The branch focuses on wealth management and investment services for high-net-worth and ultra-high-net-worth individuals, families, and certain professional or institutional clients, offering discretionary portfolio management, investment advisory, execution and custody, and related wealth planning and lending solutions subject to eligibility and collateral. It is registered with the Banco de España as a branch of a credit institution and with the CNMV for the provision of investment services; prudential supervision is carried out by Luxembourg authorities for the home institution, while Spanish conduct rules and MiFID II investor-protection requirements apply locally, including suitability and appropriateness assessments, best execution, and ex-ante/ex-post cost disclosures. Client assets are held under custody arrangements with account segregation per applicable regulations; investor protections differ by asset type, with eligible deposits at the Luxembourg bank covered by the Luxembourg deposit guarantee scheme (FGDL) up to EUR 100,000 per depositor, and eligible investment claims covered by the Luxembourg investor compensation scheme (SIIL) up to statutory limits, noting that Spanish schemes do not apply to this branch. The service model is relationship-led rather than transactional retail, with limited physical footprint in Spain and onboarding subject to KYC/AML, tax transparency (CRS/FATCA), and source-of-funds verification; account opening typically targets clients with substantial assets and complex needs, and product access depends on classification as retail or professional under MiFID II. Fees are not standardized publicly and are usually negotiated case by case, commonly combining custody and safekeeping charges, discretionary or advisory management fees, brokerage and execution commissions, foreign-exchange and cash management margins, and lending spreads and collateral charges where credit is provided; detailed cost and charges reporting is supplied as required by regulation. The branch provides secure online access for reporting, orders, and documentation, with multi-factor authentication and electronic statements, and supports a range of currencies and instruments including listed securities, funds, structured products, and private market vehicles subject to eligibility and risk disclosures; PRIIPs KIDs, UCITS/KIID or SFDR product documentation and sustainability preference handling are provided where relevant. Key risks for clients relate to market volatility, credit and counterparty exposures, liquidity constraints in less liquid instruments, interest-rate and currency fluctuations, concentration, and operational and sub-custodian risks; leverage and derivatives increase complexity and potential losses. Complaints can be addressed through the bank’s internal process and, if unresolved, through the Spanish authorities competent for conduct oversight (Banco de España for banking services and CNMV for investment services) or, for matters linked to the home institution, through Luxembourg’s out-of-court dispute resolution framework. Data are processed in accordance with GDPR, with possible intra-group transfers within the EEA and to Switzerland subject to applicable safeguards. Prospective clients should review contractual terms, fee schedules, target-market and suitability documentation, and the scope of guarantees and investor-compensation coverage before engaging.