Invitation from Ayoob Rawat, president of the Private Wealth & Family Office Association (PWFO) - Swiss Certified
Join us in building the PWFO Association
Welcome to the Private Wealth & Family Office Association
I am now delighted to announce that our Swiss trademark application has been officially accepted and so we can now look to properly attract members.
As you may or may not know the Private Wealth & Family Office (aka PWFO) Association is a community of members joining forces to become protectors of private clients and families.
We assist 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.
We have an exciting mission with some challenging objectives and would like you to come with us on the journey.
As you are already a part of our network I would like to personally invite you to join our community.
To become for Family Office and Private Wealth what STEP is to Trusts
Our stated mission is:
To become the international gold-standard bearer and academy for Private Wealth & Family Office Services.
As early birds you will
- Be among the first 100 members. (We aim to have 10,000 members within three years. STEP currently has over 20,000 members)
- Have a ground-floor opportunity to be involved in this exciting project.
- Have an official business association with me as well as the Swiss Certified PWFO Association, allowing us to really develop your business or career.
- Be invited, but not obliged to influence the direction the Association will take.
- And receive other benefits (see our PWFO Association Member Page for all features and benefits).
Next Steps
We look forward to welcoming you to our online platform
Frequently Asked Questions
A "Private Wealth & Family Office" (PWFO) is an individual or firm which provides independent, financial & non-financial services to (typically High & Ultra High Net Worth) individuals, families and organisations.
The core objective of a PWFO is to support the provisions of a holistic independent accounting service that supports clients’ wealth related decisions in:
- Creation
- Safe-guarding
- Risk-return Performance
- Succession Planning
This is done in a systematic and organised manner by the PWFO documenting, noting and accounting for each decision.
They never provide advice on investments selection, instead the role of a PWFO is to oversee their clients' personal wealth management.
A PWFO Swiss Certified is appointed by the client to be responsible for financial strategic planning. A PWFO selects, validates and monitors banks, asset managers, and other service providers to ensure that the they are meeting the client’s objectives investments objectives.
By using the services of a PWFO, the clients gain control back over their assets, have a better visibility of the charges being incurred and of risk-return performances.
Here is an example of some typical PWFO services that have added 60% to the fee charged to an existing HNWI client.
- Review all of their mandates and contracts with their service providers, banks, notaries, lawyers and others
- Manage and archive all of their management mandates, contracts, statements, returns, etc.
- Monitor accounts to ensure compliance with client strategy.
- Full professional due diligence on all new investments, contractors, advice and business plans.
- Verifications and negotiations of fees & expenses with providers and custodians.
- Consolidation of accounts and different positions to give the client an overview of their financial position.
Through negotiations of fees, charges and the implementation of an on-going monitoring system, risk-return peformance of portfolio improves.
Private Wealth & Family Office Association – Swiss Certified
Address: 37-39 Avenue Duma, Champel, 1206 Geneva, Switzerland
Telephone: +41 22 347 2467 ; Email: [email protected] ; Web: www.pwfo.org
The Swiss Association for Financial Services, Finance and Accounting Professionals providing Family Office services.
Join today
and become one of the early members of the Swiss Certified Private Wealth & Family Office Association
