As an independent financial professional who has trained with our Association, you’ll be in the ideal position to understand the current system and the way it’s failing so many (if not all) people. With the deeper insight you’ll acquire, you can use your newfound skills to save your clients not only costs, but also time. Many people today want to take advantage of the kind of expertise that will help them save both time and money.
The ability to impart a sense of financial security is also highly in demand, by far more clients than just the Ultra Wealthy market sector.
As a qualified Private Wealth & Family Office Practitioner, you’ll be perfectly placed to help protect the affairs of a financially diverse clientele, whether that be by managing their assets and the financial services they use, by protecting their current investments, or by steering them financially through tricky to navigate periods, such as a divorce or inheritance.
A Private Wealth & Family Office (PWFO) Practitioner: A professional practicing and offering PWFO Services
A Private Wealth & Family Office (PWFO) Practice: A professional practice or firm offering PWFO Services
A Private Wealth & Family Office (PWFO) practitioner supports individuals and families in their private wealth related decisions.
This is done by providing a holistic accounting and financial service that is 100% independent of any financial institutions and/or the management of any funds.
Charging a fixed retainer which is negotiated in advance, a PWFO practitioner is paid only by their client and receives no third part commission.
Here is an example of some typical PWFO services that have added 60% to the fee charged to an existing HNWI client.
PWFO stands for Private Wealth & Family Office
The Private Wealth & Family Office (PWFO) Association is a community of members joining forces to become protectors of private clients and families by providing services that incorporate Swiss Standard and United Nations Sustainable Goals in wealth creation, protection, growth and succession planning.
The aim of the Association is to take a successful business model pioneered by Swiss Private Wealth & Family Office experts and pass it on to professionals who are keen to develop their client base or network, to expand into more lucrative business areas and to develop their reputation as trusted advisors.
Constituted on the 21st September 2018 and governed by articles 60 et seq. of the Swiss Civil Code we currently have in excess of 500 associates.
In addition to providing relevent and up to date practical courses, tools and support; the association assists members to draw a Career Roadmap that (as well as fitting in with their current career and lifestyle) can guide members to capitalise on some of the opportunities that are presenting themselves.
A few potential Career Opportunities that the PWFO Association can assist and support you in realising and securing:
The PWFO Association provides a range of services that support, promote, form and train qualified professionals to provide Private Wealth and Family Office solutions. These include:
Due to competition from artificial intelligence and the global economy; professionals are under ever increasing pressure to find new sources of business. For that, new tools and ideas are required.
As individuals and families continue to lose trust in the traditional Financial Services, 'Family Offices' as well as the Family Office Market will continue to grow.
Specifically because of their professionalism and experience, professionals are in a unique position to service this market.
The PWFO association provides a tried and tested vehicle to allow professionals to use their skills to move into and profit in and from this rapidly growing market.
There are currently 2 categories of PWFO membership.
Permission can be obtained through the PWFO Association Governing Body either by successful completion of the 12-Step PWFO Course or by demonstration of professional competence in the field of Private Wealth & Family Office Services.
The core services: