Assets need holistic management. Holistic wealth management does not start with investment forms and investment tips, financial market forecasts or individual management mandates, but with the personal objectives of the asset owner. Goals and circumstances usually change over time. Therefore, the investment concept should be flexible and adapted to current requirements.

Integrated asset management primarily has the following tasks:

  • Long-term asset planning, taking into account the legal and tax framework
  • The definition of objectives and the strategic asset structure, taking into account the investment horizon, the risk appetite and risk capacity of the asset holders
  • The selection and management of investment products
  • Ongoing independent control of the consolidated assets

The task of providing effective and functional control of wealth management over large assets is nowadays often entrusted to a family office. The definition ‘family office’ stands for an independent unit for the comprehensive management of one or more family assets.

The Schwarzenbach family founded one of the first family offices in the German-speaking world with the establishment of its family office, Finad, in 1976. This was soon opened up to third-party investors and thus quickly developed from a single family office into a multi-family office.

The success of the family offices is based on the increasing complexity of managing large assets, which increasingly go beyond purely financial issues. As a rule, these tasks can no longer be solved profoundly and cost-effectively by one family alone. However, another, but not insignificant decision point for a family office is the frequent development from a pure entrepreneurial family to an investor community. Wealth analysis, asset planning, strategic structuring and operational asset management as well as asset control, reporting and monitoring as well as legal and political considerations nowadays require not only a team of highly qualified specialists but also their networking.

With a family office, a competent actor represents interests that coordinate the multiple tax and legal aspects with established advisors and maintain its independence from product providers and asset managers as well as banks.

A multi-family office such as FINAD AG offers strategic support for large family assets by providing personal advice, planning and control.