The company's purpose is to provide commercial services, in particular investment advice, market research and development (excluding activities that require a license or registration under Swiss financial market laws) to Swiss and non-Swiss clients. The company may also acquire, hold, manage and sell real estate and intellectual property rights in Switzerland and abroad, as well as conclude all transactions and enter into agreements that directly or indirectly serve the company's purpose or are related to it. The company may grant loans or other financing to affiliated companies and provide security of any kind for liabilities of such other companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not. The company may establish branches and subsidiaries in Switzerland and abroad and acquire, hold, manage and sell participations in companies of all kinds in Switzerland and abroad.