The first Swiss External Asset Managers Identity Index (SEAMIx), developed by Jean-François Hirschel (H-Ideas) and Managing Partner Markus Kramer (Brand Affairs), examines what 220 of the largest independent Swiss asset managers actually stand for. It measures not financial metrics but identity and activation. The central finding: the sector is highly visible yet barely distinguishable. Activation averages 2.61 against just 1.57 for identity, and a quarter of firms articulate no purpose, values or positioning at all. Visibility alone does not create a profile.