id,product_id,feature_key,feature_value,note,source_page bordier:investment_fund_account:pf:captive_fund_pricing,bordier:investment_fund_account,pricing_condition,Bordier funds: completely fee-free — captive-fund model,"If a managed/advisory account is invested 100% in Bordier & Cie funds, NO management/admin commission, NO custody fee, NO brokerage on Bordier-to-Bordier reallocation. Only safe deposit box remains chargeable. This is the captive-fund pricing model: Bordier earns its margin inside the fund (TER) rather than at the account level. Same shape as Pictet asset management's flagship-fund pricing and Lombard Odier's LO Funds platform.",