In this article, we’d like to introduce you to a growing trend: Multi-Family Offices (MFOs) in Switzerland.
As the MFO solution witnesses substantial global growth, Switzerland is fast becoming the go-to destination for affluent families seeking to consolidate their sources of wealth management services and information. The Swiss are responsible for more than two trillion Swiss francs of assets for wealthy families and individuals.
When families use the services of a multi-family office, they get the best of both worlds: impeccable Swiss financial expertise coupled with the convenience of a virtual suite of coordinated financial advice and services.
What makes a multi-family office in Switzerland so compelling?
For starters, it combines the resources, technology, and expertise affluent families need to optimize planning, investing, risk management, and tax under one umbrella—no more conflicting advice from different professionals or duplicate fees for the same advice and service. Our clients have a team of professionals who work together to provide one coordinated package of services managed by a CFO (Chief Financial Officer).
Affluent families prefer to outsource their need for a CFO to professionals who make this an essential part of the service offering. For most families, this role needs to be simplified and handled internally.
What is a Multi-Family Office in Switzerland?
Think of a MFO like a Swiss Army Knife for high-net-worth individuals and their families. Just like a Swiss Army Knife offers a complete range of tools all bundled into one portable unit—a knife, a screwdriver, or a can opener—a multi-family office combines several types of financial advice and services into one cohesive platform of financial services that will serve you and your family for perpetuity.
These services can range from investment management, retirement and estate planning, and multigenerational wealth transfer strategies to philanthropic planning and minimizing taxes now and in the future.
And just as a person would use different tools from a Swiss Army Knife for specific tasks, affluent investors can access specialized teams of professionals and multi-generational services dedicated to making their financial future more straightforward and rewarding.
No more conflicting advice and duplicate fees. Our clients pay one fee covering all the services that affluent families need to manage their financial futures.
Who Uses the Services of a Multi-Family Office?
Swiss-based multi-family office services are ideally suited for high-net-worth and ultra-high-net-worth individuals and families who have complex financial situations and require comprehensive global wealth management solutions.
Many of these families are responsible for global businesses and investments that must be coordinated to maximize their results.
These services typically cater to individuals with substantial financial resources, typically in the multi-million-dollar range, who require a team of sophisticated global experts with financial, tax, and legal skill sets.
What are the Benefits of a Swiss-based Multi-Family Office?
It’s important to remember that multi-family offices are not merely financial service centers. They also help families build legacies based on values and beliefs that will endure for multiple generations of family members.
As a Swiss-based wealth management firm, LFA provides multi-family office services to affluent clients who don’t have the time or inclination to oversee the complexities of their global wealth. We provide the expertise and coordinated services our clients need to achieve the results that are most important to their families.
Here are some of the benefits associated with using a multi-family office:
- A multi-family office provides the financial services affluent families need to plan, manage, and protect their financial future
- Think of us as a personal CFO (Chief Financial Officer) for our client’s global investments and financial affairs. We provide and coordinate all the financial services that wealthy individuals and their families require.
- Clients have access to a private banker, along with a team of seasoned professionals with expertise in financial planning, investment management, and other vital areas.
- By serving multiple families, multi-family offices can provide cost-effective solutions compared to hiring several professionals to provide the same expertise and services: Planning, investing, tax, legal, and risk management.
- Hiring multiple professionals who do not coordinate their advice and services can create its own set of problems and excess expenses.
- All MFO services are tailored to meet your goals and objectives, ensuring a personalized, coordinated suite of services for accumulating, preserving, and distributing wealth.
- MFOs help identify and address potential risks, both the expected and the unexpected, which can undermine the achievement of our clients’ goals.
- Clients can focus on their personal and professional pursuits, leaving the complexities of financial planning and management to experienced financial professionals.
- Swiss-based MFOs offer secure, confidential environments for sensitive financial matters.
- Switzerland’s stable regulatory environment provides a secure financial ecosystem for long-term planning.
LFA’s Swiss-based Multi-Family Office Services
LFA, a leading Swiss-based wealth management firm, provides multi-family office services to discerning investors who don’t have the time or inclination to oversee the complexities of their wealth.
At the core of what we do is a simple goal: To provide white-glove, concierge-style financial advice and services tailored to help our clients optimize the growth of their assets and build legacies that will endure for generations.
How do we make that happen? Through a combination of expert knowledge, unwavering discipline, and strategic action.
Keeping the lines of communication wide open is crucial to us. Whether it’s face-to-face meetings, virtual catch-ups, or regular updates through statements and performance reports, we keep our clients fully informed about their financial results.
You’ll always know what’s happening in the global securities markets, how your assets are performing, and our view of the future.
One of our specializations is global investing, and we’re especially keen on the strength and stability of the Swiss franc. Why? Because the Swiss economy and its stable currency have been a haven for hundreds of years.
Partnering with LFA means you benefit from our expertise and the stability of the Swiss wealth management industry.
As a U.S.-registered financial fiduciary with the SEC, we always put our client’s interests first, and we’re passionate about meeting their expectations. It’s not just the US and Swiss regulations that govern our services—it’s our passion to serve. FINMA also regulates our Swiss-based firm, so we must meet the requirements of two world-renowned regulatory agencies.
We don’t make our method of compensation a mystery. We work on a fee-for-service basis, like the other professionals you rely on for specialized knowledge, expertise, and services (CPAs, attorneys). Our fees are a percentage of your assets, so your success is ours. This alignment serves both our interests. So, why wait?
Let’s embark on this financial journey together, shaping a future that aligns with what you are passionate about. To learn more about our multi-family office solutions, we invite you to connect with us.
