Family office & private wealth management

This publication follows four principles: Family Heritage, Administration & Client Office, Growth, Protection. It provides an overview on the basics of a family office and private wealth management. This publication is permanently updated, tailored and optimized to the needs of the client. In practise the administration of a family office is similar to that of a business structure. Therefore the advice given applies to such structures as well. A family office should provide a data room for due diligence purposes and for random controls by external auditors. It is recommended that the family and business advisers take a proactive role and approach. They have to monitor the legal and financial environment of the family and the global economy on a regularly basis. Family and Business Office Services became a hot professional practice in recent years. Banks, Lawyers and Trust & Fiduciary Companies provide such services. Most of them with the hidden agenda of introducing a client binding program, which makes it difficult for the client to switch later to another organisation. One of the principle purposes of this publication is to offer our expertise in structuring a family office and how we would advise to establish and administer such a family office, with only one agenda in mind: how to protect the client.