Private Financial Planning

As wealthy private individual you are wooed by numerous banks and other financial service providers. In that case it is often difficult to keep an overview. Who can you trust? Who does a good job? All banks promise an independent consultancy and wish a comprehensive overview of your assets.

As independent partnership of tax advisors, auditors and attorneys at law, we are exclusively under the obligation of our clients’ interest. No insurance company, no bank, no asset manager has influence over our opinion and our actions. Due to longtime experience and the substantial specialist know-how of our advisors, which has been certified time and again by external rankings, we are able to provide a conflict-free analysis of the strengths and weaknesses of individual financial service providers named by you or proposed by us in accordance with your needs.

Please do not hesitate to contact us so that we can personally answer your individual questions or if you wish a total support and long-term service. For us, “one-stop consultancy” is not only an advertising slogan but stands for the credo of our firm. No matter whether you require consultancy service with regard to tax, legal or financial issues. Your personal contact person waits for you.

At first we get a general idea of your personal and family situation and analyze your assets (e.g. securities, liquidity, participations, real property, etc.) together with you. Then we compare your assets with your liabilities (e.g. liabilities from financing transactions, other financial obligations). On this basis and on the basis of your liquidity needs, we develop precise recommendations for action which we, of course, also implement for you, and permanently monitor in the future, if you wish.

In this connection we do not only advise individual asset holders, but rather whole families appreciate our intercessory consulting approach as well as a consolidated picture of the property across the family.

We know that your demands are high! In order to be able to cope with this task, we trust in our own software solution which enables us at any time to give you a transparent and comprehensive overview of your property in the past, present and future.

Please note, however, that we do not provide any investment advisory service!

Strategic Asset Planning

Asset Controlling / Reporting on All Asset Classes

 

Strategic Asset Planning

The foundation for serious recommendations is the analysis of your personal situation. This includes the complete listing of your substantial property. And complete really means complete. Only in this way you obtain real transparency of your entire financial conditions. Transparency again means freedom of action.

For this purpose we consider any and all relevant assets and debts such as financial obligations and your personal liquidity needs. Each planning must be preceded by an as-is analysis. At first we get an overview over your personal situation and analyze your assets (e.g. securities, liquidity, participations, real property, etc.) together with you. Then we compare your assets with your liabilities (e.g. liabilities from financing transactions, other financial obligations).Your net assets equal the net worth in the balance sheet. Below the balance sheet line we show the contingent liabilities as guarantees.

After taking the actual state and analyzing your assets and liabilities structure, we work out custom-tailored optimization approaches together with you. Also in this connection, you can expect us to provide precise recommendations for action. In your first assets and liabilities balance sheet it may turn out that your real property quota is too high. In this case we provide, maybe together with your real property agent, if appropriate, proposals on how to sell unprofitable or problematic real property or how to increase profitability.

We know what we are talking about. Our advisors have longtime experience in and for family offices and their asset holders. Thus we offer you to implement your ideas and monitor the success of the instituted measures on an ongoing basis.

Asset Controlling / Reporting on All Asset Classes

The first steps have been accomplished – with the help of the assets and liabilities balance sheet you got an overview over your economic situation and instituted measures for improvement.

You should, however, not be settled for this! A balance sheet is only valid for the balance sheet date, static and shows only the situation at a specific point in time. Current developments should be recorded and evaluated with the help of a private assets and liabilities accounting. Any and all receipts, expenditures, purchase or sale of securities, etc., are entered and result in an assets and liabilities statement. You determine the reporting dates, whether monthly, quarterly or any other date. We explain you the assets and liabilities statement in a personal meeting.

The assets and liabilities statement is, however, not only a data graveyard derived from balance sheet and profit and loss statement. The statement shows you among other things the performance of your assets. Whether subdivided into asset managers, asset classes or according to the profit, which results from an asset manager’s performance or other performances such as monetary fluctuations, which occur rather by chance: There are (almost) no limits to the evaluation possibilities. In times of strong fluctuations on the capital markets, not only the increase in value is decisive, more important are the risks at which the increases have been achieved. Thus, we also measure the most important key risk figures.

It is good when your assets develop in a gratifying way. More important, however, is that you are able to dispose of the desired liquidity to the required extent and in time. Thus, a liquidity statement shall be part of every assets and liabilities statement.

Our analysis of the structure is also interesting with regard to share quota, rating, duration, geography. Theoretically, any and all aspects are possible, according to which you would like to have your assets evaluated and which makes it easier to compare the performance of your asset managers.

A lot of our clients have agreed on precise investment guidelines and possibly on performance-related asset management fees with their asset managers. This is good. But it would be better if you can also control such an agreement. If required, we would be pleased to provide you with our controlling expertise: In this way we supervise the compliance with the investment guidelines and calculate the owed finders fee. In so doing you may save hard cash.

Of course, we cannot look ahead either. But we can try together to do a little planning of the future. If you like, up to 50 years in advance. Across the generations.

Apropos across the generations. An asset and liabilities statement combines a lot of information – very helpful if something unexpected happens.

In addition to the economic information, the statement also includes a detailed tax report. The tax report contains all necessary information for your tax return and provides also for a tax planning. In this way, a duplication of work can be avoided and costs for tax consultancy reduced.

We know what we are talking about. Our advisors have longtime experience in and for family offices and their asset holders.

 
 
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