Wealth Management · Expertise
Choosing the institutions and managers to entrust with your assets, negotiating their terms and monitoring the quality of their work over time: the role of a family office at the family's side.
In brief
Wealthy families often work with several private banks and asset managers, without always being able to compare their performance or measure the true cost of their services. Chevrons runs a competitive selection process, analyzes the proposals, negotiates fees and tracks results over time, so that every mandate and account serves the family's overall strategy. Chevrons does not hold client assets: they remain with the institutions the family chooses.
Our approach
I
Amounts, objectives, tax and regulatory constraints, lending and service needs: everything is set out in writing before any meeting.
II
Competitive bids from private banks and asset managers in France, Luxembourg or Switzerland, as needed, including firms that accept US persons.
III
Financial strength of the institution, quality of the team, investment process, track record and custody terms.
IV
Management fees, custody fees, transaction costs and retrocessions: every line is discussed and documented.
V
Opening accounts, transfers, and drafting investment mandates consistent with the target allocation.
VI
Performance tracked against relevant benchmarks, annual fee review and, if necessary, a new competitive process.
Frequently asked questions
Beyond reputation, compare the institution's financial strength, the stability and experience of the banker, whether the platform is open-architecture, the quality of reporting, lending capacity and total cost. A structured request for proposals produces offers that can actually be compared.
Total cost adds up management or advisory fees, custody fees, transaction costs and the internal costs of funds. Under the EU MiFID II directive, European institutions must provide an annual statement of all costs and charges; analyzing it often reveals large differences between banks.
For significant wealth, using several institutions limits counterparty risk, lets you compare management styles and strengthens your negotiating position. This only works with regular consolidation; otherwise overall risk becomes impossible to read.
Under a discretionary mandate, the manager decides alone within an agreed profile; under advisory management, the manager proposes and the client decides. The choice depends on how much time the family wants to devote to its investments, its expertise and whether it wants to approve every transaction.
Contact
A first confidential conversation lets us review your current banks and their terms, in Paris or by video call.
contact@chevronsfamilyoffice.comChevrons Family Office
97 Bd Malesherbes – 75008 Paris
