Pictet & Cie's value chain

ANALYSIS

Analysing tax and financial circumstances
Drawing up an exhaustive balance sheet of assets and the tax position is vital to enable our clients to integrate, within a comprehensive overview, all the key components that make up their wealth: securities portfolios, property, life assurance, pension assets or works of art, for instance.

Clearly defining the interdependence between all the elements, together with all the tax implications, will provide an initial insight into the strategic direction that investment should take.

Optimising the legal, tax and financial positions plays just as crucial a role as choosing the assets in which to invest, even if the latter will tend to be the key factor influencing the return on the portfolio: returns from investments could be wiped out if the underlying structures are inappropriate, if a succession is poorly planned for, or if the potential tax liabilities associated with investments are miscalculated.

SAFEGUARDING ASSETS AND ENSURING GROWTH

Financial planning
Assets and liabilities, income and expenditure, savings and investments both short and long term – all are factors that must be perfectly balanced to sustain a suitable lifestyle. In their investment approach, our clients must make allowance for constraints, such as payment deadlines, desired cash flows or the chosen level of liquid assets, so that all eventualities which might have an impact on their wealth can be properly taken into consideration.

Choosing the right investment strategy
In consultation with Pictet & Cie's experienced professionals and after ascertaining their reference frameworks, their risk profiles and, then, their end-goals, our clients will be in a position to choose the investment strategy best suited to them. This strategy has several facets, including the investment time-frame, tax status and circumstances, desired reference currency, likely capital inflows and withdrawals.

Investment proposals
The asset manager will then submit a formal investment proposal to the client, comprising recommendations about securities, return expectations or even forecasts adjusted according to different market conditions.

Asset Management
The portfolio is managed in such a way as to ensure consistently that the medium-to-long-term investment goals are met, in accordance with the strategy agreed with the client. The portfolio is shaped and constructed with an eye on Pictet & Cie's strategic and tactical assessment of the markets, the range of asset classes and currencies.

CONTROL

Reporting
In the long term, periodical reviews of the client's financial circumstances and the portfolio's performance are key to achieving the desired level of growth. The Bank therefore uses various tools, including performance measurement, to carry out regular checks to ensure that the investments being made and the returns achieved are in keeping with the approach and strategy stipulated. This enables the Bank to provide clients with in-depth and detailed investment reports.