US clients that are fully compliant and transparent are welcome at Swiss banks as long as they agree that their data are transmitting to Washington.

According to an article in Le Temps, around 60 entities based in Switzerland have been registered at the Securities and Exchange Commission (SEC) in the US.

Vontobel, a category 3 bank, is a good example of this emerging trend. Vontobel Swiss Wealth Advisors, an entity of the bank registered at the SEC, accepts client with assets starting at $850k and manages $1bn. UBS Swiss Financial Advisors is the number one player in Switzerland with $5.35bn. Other players include banks such as Syz&Co with $200m, Reyl Overseas with $150m, or Pictet (Category 1 bank) with 4.3bn, or asset managers such as Pilotage Private Wealth with $800m or Bellecapital with $500m.

The US market is a major market tin the wealth management space. Boston Consulting Group assessed the size of the market in the US to have $50tn in 2013 and growing.