Following the merger of Groupe Financiere Hottinger and Archimedes Private Office, and its subsequent approval by the Financial Conduct Authority in July, multi-family private office Hottinger Group is open for business.
Once the full benefits of the restructuring have been delivered, the combined assets under advice and management are expected to exceed GBP1 billion.
Senior management and families are joint owners of the holding company.
From its offices in Dublin, London and Geneva, the new group offers a range of family office services designed for its wealthy families. As well as the more traditional investment, credit, insurance and corporate advisory services the group provides staffing and administrative support.
All services are focused on the needs and expectations of wealthy international families, many of whom have become disillusioned with the traditional private banking model.
Hottinger will focus on delivering high-end support to its qualifying clients with the help of offerings such as WDX One for customer relationship management, AMEX Centurion, individualised Chubb Signature insurance and staffing from Quintessentially People, a Hottinger Group company.
The group currently provides investment advice and management to charities and will shortly be announcing a new family office initiative which encompasses corporate responsibility and philanthropic activities alongside ethical and responsible investing strategies.
“We are delighted to be in the enviable position of offering the combined clients of Hottinger and Archimedes a broader service and deeper expertise as a result of this merger. We are not only able to embrace the newest technology to provide information more succinctly, swiftly and securely than ever before but, more importantly, we will focus on investing time with clients, listening and helping them navigate both the challenges and opportunities found in business, finance and family life. We believe the new Hottinger structure is uniquely placed to provide this contemporary family office service to qualifying clients,” says Mark Robertson, CEO of Hottinger Group.