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product_feature: maerki:vermoegensverwaltung:pf:no_proprietary_products

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id product_id feature_key feature_value note source_page
maerki:vermoegensverwaltung:pf:no_proprietary_products maerki:vermoegensverwaltung pricing_condition NO PROPRIETARY PRODUCTS posture — UNIQUE in atom #274 cohort Self-described: "Die auf Unabhaengigkeit, Sicherheit und Transparenz ausgerichtete Anlagephilosophie zeigt sich im Verzicht auf eigene Produkte..." Open-architecture only. Most cohort members (Pictet, Julius Baer, Lombard Odier, etc.) offer proprietary funds as a profit center; Maerki Baumann explicitly rejects that revenue stream. Removes a known conflict-of-interest vector. ONE marginal exception: MBC_Immo_Swiss_Indirect_Focus fund (real-estate). Otherwise structurally distinctive.  
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