Kairos Trustees & Advisors AG
Consulting on your business opportunities

Code of Professional Conduct:


Consultants must:

1.    Place client interests before their own.

2.    Preserve the confidentiality of information communicated by clients within the scope of the Consultant–Client relationship.

3.    Refuse to participate in any business relationship or accept any gift that could reasonably be expected to affect their independence, objectivity, or loyalty to clients.



Consultants must:

1.    Use reasonable care and prudent judgement when consulting clients.

2.    Not engage in practices designed to distort prices or artificially inflate trading volume with the intent to mislead market participants.

3.    Deal fairly and objectively with all clients when providing investment information, making investment recommendations.

4.    Have a reasonable and adequate basis for investment decisions.

5.    When managing a portfolio or pooled fund according to a specific mandate, strategy, or style:

a.     Advice only on investment actions that are consistent with the stated objectives and constraints portfolio or fund.

b.    Provide adequate disclosures and information so investors can consider whether any proposed changes in the investment style or strategy meet their investment needs.

6.  Evaluate and understand the client’s investment objectives, tolerance for risk, time horizon, liquidity needs, financial constraints, any unique circumstances (including tax considerations, legal or regulatory constraints, etc.) and any other relevant information that would affect investment policy.

7.    Determine that an investment is suitable to a client’s financial situation.



Consultants must:

1.    Not act or cause others to act on material nonpublic information that could affect the value of a publicly traded investment.

2.    Give priority to interests of clients over those that benefit the Consultant's own interests.

3.    Use commissions generated from client trades to pay for only investment-related products or services that directly assist the Consultant in its investment decision making process, and not in the management of the firm.

4.    Establish policies to ensure fair and equitable trade allocation among client accounts.



Consultants must:

1.    Develop and maintain policies and procedures to ensure that their activities comply with the provisions of this Code and all applicable legal and regulatory requirements.

2.    Appoint a compliance officer responsible for administering the policies and procedures and for investigating complaints regarding  the conduct of the Consultant or its personnel.                

3.    Ensure that portfolio information provided to clients by the Consultant is accurate and complete and arrange for independent third-party confirmation or review of such information. 

4.    Maintain records for an appropriate period of time in an easily accessible format.

5.    Employ qualified staff and sufficient human and technological resources to thoroughly investigate, analyze, implement, and monitor investment decisions and actions.

6.    Establish a business-continuity plan to address disaster recovery or periodic disruptions of the financial markets.

7.    Establish a firm-wide risk management process that identifies, measures, and reduces the risk position, including the sources, nature, and degree of risk exposure.



Consultants must:

1.    Present performance information that is fair, accurate, relevant, timely, and complete. Consultants must not misrepresent the performance of individual portfolios or of their firm.

2.    Use fair-market prices to value client holdings and apply, in good faith, methods to determine the fair value of any securities for which no independent, third-party market quotation is readily available.



Consultants must:

1.    Communicate with clients on an ongoing and timely basis.

2.    Ensure that disclosures are truthful, accurate, complete, and understandable and are presented in a format that communicates the information effectively.

3.    Include any material facts when making disclosures or providing information to clients regarding themselves, their personnel, investments, or the investment process.

4.    Disclose the following:

a.     Conflicts of interests generated by any relationships with brokers or other entities, other client accounts, fee structures, or other matters.

b.     Regulatory or disciplinary action taken against the Consultant or its personnel related to professional conduct.

c.     The investment process, including information regarding lock-up periods, strategies, risk factors, and use of derivatives and leverage.

d.    Consultancy fees and other investment costs charged to investors, including what costs are included in the fees and the methodologies for determining fees and costs.

e.     The amount of any soft or bundled commissions, the goods and/or services received in return, and how those goods and/or services benefit the client.

f.      The performance of clients’ investments on a regular and timely basis.

g.     Valuation methods used to make investment decisions and value client holdings.

h.    Shareholder voting policies.

i.      Trade allocation policies.

j.      Results of the review or audit of the fund or account.

k.     Significant personnel or organisational changes that have occurred at the Consultant.

l.     Risk management processes.