Bovay & Partenaires SA

Independent Wealth Manager, regulated directly by FINMA as a Securities Dealers

Rue du Grand-Chêne 1

1003 Lausanne

+41 21 321 15 20

1950 - 2015

Or why everybody is better off.

Change in eight Subcomponents since 2000

Or why it is getting ever more expensive to keep up with the Jones

The cost of trying to outsmart the market as an active investor