Jul 14, 2020

There are very few international jurisdictions that provide a legal definition of the term “family office”.  Switzerland does not.

It is not the term that matters but the legal form that the operations will take and the services that form will provide.  There are can be cases where there are no legal forms, investment are made by the economic beneficiary.

If the family employs dedicated resources then it is preferable to have a limitation of personal liability for their managers by setting up bodies limited by shares or limited liability company.

In Switzerland, the main laws that any Family Office has to respect are the Anti-Money Laundering Act (AMLA)and the Collective Investment Schemes Act (CISA).

Even with the new legislation, namely, the Financial Services Act (FinSA)and the Financial Institutions Act (FIA) there is no general requirement for family offices to be authorized.

The test is still dependent on the services that the entity intends to offer.

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The history and future of the legal profession

Jul 10, 2020

Legal experts have existed since the days of ancient Greece and Rome. And today we find them everywhere.

Conventional lawyers have their roots in the 7th century when the practice of law became a real profession due to the knowledge, skills, and expertise needed. We can agree that law firms are in fact professional services organizations.

Even before Covid-19, Like all professions, the legal profession also was already going through a destructive reconstruction that will significantly alter careers of lawyers creating uncertain prospects for those starting their careers.
The paradox is that post COVID-19 the demand for legal services will explode but most will not be able to afford to pay.

Predicting the role of lawyers in the future is not difficult. Some interesting trends will shape the way lawyers deliver services in the near future. A future that started when robots took over the law firm. That was a decade ago!

A brief overview shows the past and present future of...

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What is Wealth Management?

Jul 09, 2020

Wealth management is an investment advisory service that combines other financial services to address the needs of affluent clients. It is a consultative process whereby the advisor gleans information about the client's wants and tailors a bespoke strategy utilizing appropriate financial products and services.

What Is Private Banking?
Private banking consists of personalized financial services and products offered to the high-net-worth individual (HNWI) clients of a retail bank or other financial institution. It includes a wide range of wealth management services, and all provided under one roof. Services include investing and portfolio management, tax services, insurance, and trust and estate planning.
- Investopedia

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The Problem with finance?

Jul 07, 2020

We all agree that Governments need to have good laws, institutions, and processes in place to ensure accountability, stability, equality, and access to justice for all. This ultimately leads to respect for human rights and the environment. It also helps lower levels of corruption and instances of violent conflict. This concept is called the "rule of law." There are great benefits to business, and other stakeholders, in respecting and supporting the rule of law. Where the rule of law is weak, it is harder for responsible businesses to function, and to meet their legal obligations and have their legal rights protected. Ms. Christina Koulias, Senior Manager, Anti-Corruption and Global Governance


Nowhere is implementing the rule so difficult as in Financial Services. One of the reasons is information asymmetry. Unlike many other industries, it is one where providers package products that they understand better than supervisors and consumers. Hence supervisors always play catch....

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Coming Soon ! Interview with Peter Alcaraz

Jun 17, 2020

Following on from the announcement of our new Partner in Learning collaboration, PWFO is delighted to share with you our interview with Peter Alcaraz Author of "The Wealth Game: An Ordinary Person Companion"


The interview delves deeply into:

  • personal finances
  • the book "The Wealth Game"
  • the so called "finance experts"
  • the PWFO Collaboration
  • the impact of Covid-19.
  • and more


Stay tuned for more information about the new course : (Mapping) Your Journey to Financial Security.

If you have any questions about the above, please email us at [email protected]


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Supercharge your Career now !

May 25, 2020

We're experiencing a period of economic uncertainty like no other and it's never been more important to get your future goals defined. Having a great career plan so you know exactly where you're headed is essential.

If you're ambitious and want to do more with your abilities, but don't know the next move to make, at the Private Wealth and Family Office Association, we're here to help.

With our expert career guidance, you can save time job searching, diversify into the field you want to be working in, and swiftly expand your earning ability.

Get real human input and a workable plan to take your career to the next level. Everything we do is grounded in solid practical experience - our founder started out as an accountant and managed to switch to a career in banking, where he moved to the top, then left to set up his own successful multi-family office.

He learned everything he needed to operate successfully in the field of private wealth, while running his multi-family office...

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