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:
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.
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
The Swiss Association for Financial Services, Finance and Accounting Professionals providing Family Office services.