Rothschild enriches family relationships by safeguarding assets
There are countless ways of creating wealth, and just as many ways of losing it. Yet, when it comes to ensuring the preservation, growth and transition of wealth, the ways are few and narrow - and proactive planning is vital to success.
There are countless ways of creating wealth, and just as many ways of losing it. Yet, when it comes to ensuring the preservation, growth and transition of wealth, the ways are few and narrow - and proactive planning is vital to success.
As Mayer Amschel Rothschild, one of the most influential businessmen of all time, put it in the late 1700s, "lack of order will turn a millionaire into a beggar". More than two centuries on, that adage remains true, and Mayer Amschel's family firm continues to help other wealthy families bring "order" to their assets and planning.
"Because wealth is almost always a family matter, it is important to understand the complexity of family dynamics, business succession and the meaning of wealth," says Stefan Liniger, CEO of Rothschild Trust Group, a leading trust and wealth advisory firm. "It is about safeguarding assets in a holistic way, while putting family relationships at the centre of planning."
Now in its seventh generation of independent family control, Rothschild offers strategic, merger and acquisition, wealth management and fundraising advice and services to governments, companies and individuals worldwide.
The group also provides the infrastructure for managing and administering assets through its services in wealth structuring, investment management, banking and trust.
"No two families share identical objectives and values," Liniger says. "And so, an adviser's role is to ask the right - and often difficult - questions. What's more, because there will always be conflict at some point in every family and business, a trusted independent party plays an important role."
Rothschild Trust has been active in Asia for 20 years through its offices in Hong Kong and Singapore, where it stands out with deep experience in helping families plan for riskier, complicated assets such as privately owned businesses, real estate, aircraft, yachts and art collections. While Rothschild recognises cultural distinctions, especially within Asia, there is also a universality to the issues it addresses with clients.
"I'm often surprised how similar we all are deep down," says Britta Pfister, managing director, head of wealth planning, Asia-Pacific. "At the end of the day, it is all about ingraining the meaning of wealth into the next successor, whether for a newly affluent mainland Chinese family or a generations-strong Hong Kong conglomerate. Families and entrepreneurs are about relationships - and Rothschild's technical, practical and personal approach empowers clients to take charge of the future of their wealth."
http://www.rothschild.com
