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Glossary

Multi-Family Office

A Multi-Family Office helps several wealthy families manage and organise their wealth. Depending on the firm, its services also include succession planning and the coordination of external specialists. Everon is a Multi-Family Office independent of any bank and is authorized by FINMA as a wealth manager.

At a glance

  • A Multi-Family Office serves several families at the same time, in contrast to a Single Family Office, which serves only one single family.
  • Anyone managing third-party assets on a commercial basis in Switzerland needs authorisation as a wealth manager under FinIA (SR 954.1, Art. 17 et seq.).
  • Where a Multi-Family Office independent of any bank takes on a discretionary mandate, management and custody sit with different parties: it manages the assets, and a custodian bank holds them.

Frequently asked questions

A bank holds the assets in its own custody and often offers its own investment products. Where a Multi-Family Office independent of any bank takes on a discretionary mandate, it manages assets kept at a custodian bank and is not tied to any bank's product range when selecting investments. Depending on the firm, it also supports the family's succession planning and coordinates with the family's external specialists.
There is no fixed legal threshold, as the term is not uniformly defined. In practice the model is aimed at families with complex, multi-generational wealth structures, where coordinating several topics under one roof adds value.

Sources: Swiss Financial Market Supervisory Authority (FINMA) · Classified Compilation (fedlex), FinIA SR 954.1

This entry is for general information purposes only and does not constitute investment, legal or tax advice. It is a simplified summary of the legal position and tax treatment.