High-value-added and integrated services

Various structures, such as trusts or family foundations, can be used to ensure that a family's wealth passes from one generation to the next. The most suitable legal structure to encompass all the different asset classes is selected and established following an in-depth assessment of each client's circumstances.

Pictet & Cie offers its clients considerable expertise in this field. The Bank draws on several trust companies that can act as trustees and guarantee that the trust founder's wishes are complied with.

The Bank does not just want to optimise income streams from a tax-liable portfolio, but also offers to compile and check through tax declarations and statements, to represent clients in their dealings with tax authorities and even to take responsibility for reclaiming tax paid at source.

To ensure that the service provided is of the highest standard, the Pictet Group is able to call on highly qualified professionals, especially those at Rhône-Audit Société Fiduciaire S.A.

Pictet & Cie has also created a range of efficient pension fund products, such as so-called "fondations de libre passage" (for blocked transferred pension benefits) or "fondations de troisième pilier" (for non-mandatory private pension schemes) in Switzerland, some of which offer the holders tax benefits.

A private individual investor with a number of accounts held at different banks will inevitably encounter problems owing to the lack of focus in collating information from the various business partners with whom he or she is having to deal.

Global custody, which involves securities being held in a centralised way, makes it possible to group together under the roof of a single bank the safe-keeping and management of all of the client's assets, both those in his home market and those abroad, whilst leaving the client the complete freedom to pick and choose asset managers. Consolidated account statements enable clients to keep a regular and clear overview of everything that is happening in their overall investment portfolio.

On the basis of standardised statements prepared for each individual asset manager, the client can immediately assess the level of results being obtained. Flawless administrative processing offers clients the greatest degree of security.

The Bank's proven track record and the sheer quality of its network of depository and custodian banks have meant that, in a number of impartial and independent surveys, Pictet & Cie has been acknowledged as one of the world's leading global custodians for the excellent standard of its services.

As a 'family' partnership itself, Pictet & Cie is very much alive to the specific needs of family-run businesses, whether that involves the firms being passed on or managing the delicate handover phase.

Moreover, the requirements of wealthy families are very specific whether in terms of safeguarding wealth, ensuring its growth or monitoring this wealth. Their requirements call for a multi-faceted approach encompassing a whole range of different disciplines, as such families want more than just their financial portfolios to be managed.

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As in the case of asset management, Pictet & Cie's complete independence and impartiality are major advantages in this particular field.
Moreover, the quality and extensive reach of its network of correspondents around the globe allows Pictet & Cie to make contacts and glean necessary information quickly whilst maintaining complete confidentiality.

A genuinely individualised approach and an acutely sensitive listening ear help Pictet & Cie to understand clearly our clients' widely disparate needs. Pictet & Cie itself can manage to meet most of these demands, either by calling on experts from inside the Bank or by drafting in assistance from its network of third-party service providers.