Through your work, an inheritance or a family fortune, your capital at your disposal today is substantial. But managing a heritage cannot be improvised; it is necessary and prudent to surround yourself with professionals whose job it is. Their knowledge of the investment products and the taxation in force in your country will be useful to you in order to better manage your assets. This profession has a name: wealth management.
In Luxembourg, Wealth Management activity is almost part of the country’s DNA. A significant number of banks and investment advisers are well established and offer asset management to a varied and international clientele.
Services range from “simple” advice to discretionary asset capital management. In the first case, you make your own investment decisions based on the advice provided by your manager. In the second case, you entrust your capital to your manager who, according to your objectives and your risk profile, will administer your investments.
Trust is the basic ingredient of wealth management. Each banking establishment and manager (legal or natural person) operating in Luxembourg must first obtain the approval of the Commission de Surveillance du Secteur Financier (CSSF).
By entrusting him with your money, which you are likely planning to pass on to those most dear to you, you are putting your future and that of your family in the hands of your manager. It is essential to establish a relationship of mutual trust with him.
Depending on your risk profile and your return objectives, your Wealth Management manager in Luxembourg will propose a heritage strategy that you will validate with him. Then the nature of the mandate that you give him will determine your degree of involvement in his investment choices.
By being transmitted within the same family, your heritage should not be impoverished. The purpose of the Family Office is to protect and develop your family assets over the long term. Regulated by Luxembourg legislation since 2012, the activity of Family Office offers your family through you a high quality service and optimal protection. It provides you with advice relating to the management and transmission of assets. You thus have a global view of all of your assets and you can monitor the risks associated with the investments made.