Advisory on foreign equity markets

Advisory services on foreign equity markets:

  • the knowledge based on experiences from Citigroup experts all over the world;
  • access to work paper comments from 20 key stock markets across the globe;
  • access to an innovative online platform:
    • view of the portfolio of your financial instruments, e.g. shares with their current valuation;
    • possibility to obtain an additional analysis of the recommended companies in terms of their financial results and standing;
    • possibility to perform transactions online;
  • support and service from professionals with many years of experience on the capital market.

As part of the comprehensive investment advisory services for Citigold Private Clients, we offer:

  • an investment account held by DMBH,
  • and individual broker service.

Advisory services related to investment funds

Investment Advisory services will provide you access to the highest level of international financial strategies designed to help you work towards your unique wealth management goals. Your individual portfolio strategy will be based on you financial objectives, situation on the market and your approach towards risk.

Why is it worth to use the service?

  • access to carefully selected investment funds,
  • optimisation of the potential investment yield to risk ratio thanks to the support from professionals at the Investment Advisory Bureau,
  • adjustment of the portfolio to the market situation and Client expectations,
  • making independent decisions on the basis of professional investment recommendations,
  • saving time for investment fund and market analyses.

What is investment advisory service?

What is investment advisory service? On the basis of the risk appetite and investment goals, we will identify the Client’s Profile and the relevant Investment Strategy.

Please remember that you can choose a safer Strategy than the one resulting from the specific Client Profile and Investment Horizon of the Recommendation. The Bureau’s Team is made up of people boasting extensive experience in investment on domestic and international capital markets, including specialists with licenses of an Investment Advisor, Securities Broker or the renowned CFA certificate.

Cash

Bonds

Stock

Risk Avoiding

The objective is to protect the capital and to achieve return rates on investment adequate to money market rates.

Defensive

The objective is to maintain the portfolio value over the medium term and to generate regular investment incomes above return rates typical for money market.

Profitable

The aim is to achieve a higher rate of return in the long term while accepting moderate or significant declines in portfolio value in the medium term. The Investor seeks to receive regular income in the first place and some capital appreciation in the second place.

Growing returns

The aim is to achieve a higher rate of return in the long term while accepting moderate or significant declines in portfolio value in the medium term. It is important to develop both regular income and capital appreciation continually.

Growing

The aim is to achieve a higher rate of return in the long term while accepting significant declines in portfolio value in the medium term. It is important to achieve capital appreciation over time. Regular income is permissible.

Aggressive growth

The aim is to achieve a higher rate of return in the long term while accepting significant declines in portfolio value in the medium term. It is important to achieve capital appreciation over time.

Professional Investor

Investments in specialist financial instruments that may be subject to substantial fluctuations in the capital value, uncertain pricing, limited liquidity and/or lack of redemption rights.

Optimal Investment Strategy Defining

Based on your Risk Profile, your declared Recommendation Investment Horizon, Recommendation Currency, Diversification Level and the selected Strategy, we will present you with the Recommended Tactical Portfolio, which:

  • defines the optimal distribution of funds into classes of assets and
  • best matches your expectations and the current market situation

Presentation of investment recommendation

The recommendation will make it possible to bring your investment products portfolio purchased through our bank to the Recommended Tactical Portfolio (using selected investment funds). Investment recommendations are prepared in collaboration with the Investment Advisory Bureau.

Fees

The bank charges no fees for the investment advisory service.

The service is available for Citigold and Citigold Private Clients who hold at least PLN 50,000 (or their equivalent in USD or EUR) worth in investment Funds held in the Client Portfolio or funds declared for the service.

Investment advisory services related to foreign share markets

Bank Handlowy w Warszawie S.A. has been entered in the register of agents of investment companies, kept by the Polish Financial Supervision Authority, and acts as an agent of the investment company — DMBH. The Bank carries out brokerage activities within the scope of accepting and transferring the orders to buy or sell securities based on the authorisation of the Polish Financial Supervision Authority granted by way of decision DFL/4040/18/I/11/1/2007/26 of 13 November 2007.

Securities that are the subject matter of a Purchase or Sales Order are not guaranteed by the Bank Guarantee Fund referred to in the Act of 14 December 1994 on the Bank Guarantee Fund (Journal of Laws of 2009, No 84, item 711, as amended). Any guarantees by the State Treasury or other government institutions, if applicable, are confirmed with a relevant provision in the Issue Prospectus. Securities carry investment risk, which includes the possibility of loss of the invested capital. When making a decision to Buy or Sell Securities, the Client should consider the risk inherent in the investment decision, in particular the possibility of changes in pricing of the financial instruments constituting the object of that decision against the Client’s expectations and the resulting failure by the Client to generate the planned profit. DMBH provides investment advisory services pursuant to a permission from the Polish Financial Supervision Authority. The Bank provides the investment advisory service only to Clients who have concluded with the DMBH a contract for the provision of such service upon the terms and conditions defined in the contract and in the service regulations. The scope of financial instruments that may be the subject of investment recommendation is defined by the investment strategy identified by DMBH on the basis of the Client’s individual situation.

The historic performance of investment funds, investment portfolios, stock indices, foreign exchange rates, specific financial instrument rates and insurance capital funds determining the profitability of the investment made does not constitute a guarantee of their future performance.

Dom Maklerski Banku Handlowego S.A. with its registered office in Warsaw at ul. Senatorska 16 in Warsaw, entered in the Register of Entrepreneurs of the National Court Register by the District Court for the capital city of Warsaw in Warsaw, 12th Commercial Department of the National Court Register, under KRS No 0000002963, Tax ID No (NIP): 526-10-05-097; share capital of PLN 70,950,000.00, paid in full.

Investment advisory services related to investment funds

Bank Handlowy w Warszawie S.A. (“Bank”) provides Investment Advisory service solely to customers who have entered into the agreement for this service, and solely in the scope of the products covered by the agreement. The Investment Advisory service is provided by the Bank only to units and shares in open investment funds and PLN-denominated specialized open investment funds for which the bank provides services regarding the acceptance of and forwarding orders for purchase or sale (excluding the Regular Investment Plans and the Individual Pension Account in the meaning of the Act dated April 20, 2004 on Individual Pension Accounts and Retirement Protection Individual Accounts). A failure to act in compliance with the Investment Recommendation may take the customer a few steps back from the Recommended Tactical Portfolio. Acting in compliance with the Investment Recommendation does not guarantee increasing, maintaining or reducing the value of the Customer Portfolio. A high percentage of assets not covered by the investment advisory service may prevent us from bringing the customer to attain the Recommended Tactical Model Portfolio.

Investment products and unit-linked insurance products (“Products”) are not a deposit, obligation nor are guaranteed by Bank Handlowy w Warszawie S.A. or by any of Citigroup subsidiaries or affiliates, except for the investment products issued or guaranteed by Bank Handlowy w Warszawie S.A. or a subsidiary or affiliate of Citigroup. For investment products, capital protection and/or an interest guarantee scheme, if applicable, is the responsibility of the issuer of a given investment product. Products offered by the Bank are not guaranteed by the State Treasury, the Bank Guarantee Fund (except for the receivables from deposit certificates and dual currency investments subject to obligatory monetary fund guarantee scheme according to the Act on Banking Guarantee Fund, deposit guarantee scheme and obligatory restructuring dated June 10, 2016) nor by any other government institution. Amounts receivable from an insurance agreement are secured by the Insurance Guarantee Fund in the scope referred to in the Act on obligatory insurance, Insurance Guarantee Fund and Polish Motor insurers’ Bureau dated May 22, 2003. This means that if the Insurer becomes insolvent in the cases as defined under the above Act, the Insurance Guarantee Fund shall cover in part the claims of beneficiaries under the life insurance contracts, in the amount of 50% of the claims but not more than up to the Polish zloty equivalent of EUR 30 000.00.

Products bear investment risk, including the possibility of losing invested capital. Upon taking a decision to purchase or sell an investment product, customer should take into account the existing risk which stems from taking an investment decision, and in particular the possibility of a change in prices of financial instruments covered by that decision contrary to the customer's expectations and, consequently, a possible failure of attaining the profit that was assumed by the customer. The past performance of investment funds, investment portfolios and the levels of stock market indices and foreign exchange rates as well as insurance capital funds, which affect returns on investment, are no guarantee of their future profits.

Products bear investment risk, including the possibility of losing invested capital. Upon taking a decision to purchase or sell an investment product, customer should take into account the existing risk which stems from taking an investment decision, and in particular the possibility of a change in prices of financial instruments covered by that decision contrary to the customer's expectations and, consequently, a possible failure of attaining the profit that was assumed by the customer. The past performance of investment funds, investment portfolios and the levels of stock market indices and foreign exchange rates as well as insurance capital funds, which affect returns on investment, are no guarantee of their future profits.

Client shall be liable to the capital gains (including interest gains) tax. Bank collects the tax payment or advance tax payment on behalf of the client only if it has been explicitly laid down under the Polish law applicable in this respect or under the agreements on avoidance of double taxation that are binding upon Poland. Bank is an entity that is not authorized to interpret tax provisions, nor is it authorized to provide tax consultancy services within the meaning of the Tax Consultancy Act. Therefore, the above information may not be considered a tax opinion. In order to obtain accurate information on possible tax consequences, you need to approach entities that have relevant authority for opinion, or request that a relevant tax authority provide a written interpretation of the scope and the manner of the tax law application.

Documents

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