Office Advisory
More and more private clients are seeking the services of a family office, as the benefits are many: the family office is a single point of contact dedicated to ensuring that wealthy families’ needs for organising and preserving their wealth are served through highly tailored wealth planning solutions, financial expertise in asset management, tax and legal guidance, as well as advice on charity involvement.
As an integral part of iConic Bank and Trust’s wealth and estate planning services, Our Office Advisory provides ultra-high-net-worth individuals – whether iConic Bank and Trust clients or not – with unique support in the single- and multi-family office field:
Single-family office advisory
Establishing and operating a properly functioning single-family office can be very challenging. To make it a success you need to strike the right balance between an effective operational set-up, the right level of risk management, and proper family office governance. With its unique advisory service for setting up a single-family office, FOSS is in an excellent position to support you with this.
Reflecting global best practices, FOSS’ award-winning advisory process has been developed with a special focus on personalised practical guidance and understandable advice to help you create your own customised single-family office.
The process is split up into 12 dedicated ‘modules’ to make sure a structured approach is followed. Every module contains briefing notes, templates and models. Themes such as family office governance, leadership, business plan, legal structure, staffing and operational procedures are all addressed. As a true project manager FOSS guides you through every step of the process.
Multi-family office selection
Of the over 450 family offices in Switzerland, some are single-family offices, but the majority are multi-family offices. While many offer the same kind of services, no two are exactly alike in their areas of expertise or the types of services they offer, making it difficult for private clients – who are often unfamiliar with the multi-family-office model – to pick the best-suited family office partner to meet their multi-faceted and multi-generational needs.
Based in Zurich, the FOSS team helps wealthy families select the most suitable multi-family office provider for their unique needs thanks to its extensive repository of data on the vast majority of Switzerland-based multi-family offices, including their size, origin, areas of expertise, history and track record, client base, investment service offering, and wealth management capacities.
For more information on family offices and the services they provide in general, as well as on iConic Bank and Trust’s dedicated family office advisory & selection services, visit the FOSS website or contact our FOSS team.