Looking after your family means more than providing for their needs today. Many high net worth families in Asia are currently seeing a passing of the reins to a younger generation who want to take new approaches to family wealth. This means prudent management is needed to ensure long-term financial success that lasts through the generations.
The best investment you can make is to get the right bank to manage it for you. Think one with a well-established heritage that also looks ahead to the future, fulfils multigenerational needs, and offers personalised solutions.
Pictet is one such group with this commitment and philosophy. Founded in Geneva in 1805 and having specialised in wealth management for more than 200 years now, Pictet manages more than $690 billion in assets across the world. It is an independent wealth and asset manager in Europe, with offices in Asia, including Hong Kong and Singapore. Pictet has a strong history in offering a wide array of discretionary and advisory wealth management services, and in helping high net worth clients and families manage their assets and preserve their wealth across generations.
Key to Pictet’s success is its stability. Run by a partnership comprising six owner-managers, the group has had just 41 partners over the last two centuries, each with an average tenure of 21 years. As owners and managers of a 212-year-old family-type business, Pictet’s partners are well aware of the challenges that their clients face. They maintain close relationships with clients, sharing with them their own experience in succession planning.
Unlike most specialised private banks, Pictet is also an asset manager, with around half of its assets coming from institutional clients such as major pension funds, sovereign wealth funds and central banks. What does this mean? Pictet is well-positioned to advise ultra-high net worth clients, whose needs tend to be as sophisticated as those of large institutional clients. But that doesn’t mean clients’ needs are the same the world over. An Asia research team keeps the group close to what is happening in our part of the world, so you get the best of both worlds: an international network coupled with local expertise.
In order to ensure there is no conflict of interest, Pictet does not engage in investment banking. As it is not listed, it can also look beyond quarterly earnings and hold a more long-term view.
Pictet is a pioneer in thematic investment strategies, including in water and robotics. These benefit from megatrends, which are powerful forces of change reshaping the world and providing long-term investment opportunities.Not one to be left behind in terms of digital innovation, the company has invested in proprietary technology and apps that make it easy for clients to monitor their portfolios on the go, such as with the launch of its new “Wealth” app last year.
To find out more about the company, visit www.group.pictet