Belvédère 360°: Discipline and Flexibility Through a Semi-Institutional Approach
By Michael Seifert, Partner and Senior Client Advisor Family Office
As wealth grows, the questions our clients face evolve, too. Family values, changing life circumstances and increasingly complex wealth structures require solutions that go beyond individual areas of expertise. A comprehensive view that combines financial, entrepreneurial and family dimensions becomes increasingly valuable.
Trust or foundation structures cannot be managed effectively through a simple portfolio overview alone. Traditional securities, alternative investments and illiquid assets need to be brought together. Equally important is clarity regarding the role each asset plays within the overall wealth structure: How large should the liquidity buffer be? What is the appropriate asset allocation? How does each position contribute to risk and return?
Belvédère 360° provides a comprehensive framework that combines the individual requirements of the trust structure with a clear and measurable portfolio allocation. Together with the trustee, we develop specific guidelines as well as investment policy for the overall portfolio. These define target weightings, permitted ranges and benchmarks for each asset class.
The semi-institutional approach combines the discipline of institutional investors with the flexibility required by the trust and its beneficiaries. Core investments form a broadly diversified, long-term foundation, while satellite investments complement them with specific opportunities, individual preferences or additional sources of return.
Within our comprehensive Family Office philosophy, the portfolio cockpit plays an important part. It shows how assets are developing, identifies the contribution of individual investments and monitors deviations from the defined targets. In doing so, it provides the basis for transparent and constructive discussions with the trustee.
Belvédère 360° transforms individual assets into a coherently structured overall portfolio – with binding guidelines, clearly defined responsibilities and ongoing monitoring. This allows the assets held within the trust structure to be managed effectively across generations and in line with the individual objectives of the beneficiaries.
Michael Seifert
