findependent is a FINMA-licensed asset manager. FINMA is the Swiss Financial Market Supervisory Authority. Your funds are held securely in a securities custody account with our partner bank. All ETF investments are not included in the liquidation assets, neither in the event of the bankruptcy of findependent nor of our partner bank. The ETFs are special assets. Only the 2% of your investment amount, which is always held in your findependent transitory account, falls into the bankruptcy estate. However, you are protected up to CHF 100,000 by the depositor protection.