Pilotage, the Switzerland-based independent asset management firm, has launched its new Family Office Consulting practice as part of its offering.
The newly-added unit will provide advice to clients on US cross-border solutions especially regarding their FATCA exposures, that range from signatory conflicts to US persons with international interest and within global families.
"A pure strategic consulting service", Family Office Consulting practice will advise family offices (FOs) and their businesses on long term investment strategy, governance, capital allocation, succession planning, legal, accounting, tax, and much more, Pilotage’s CEO, Yann Rousset told PBI.
The move comes as Pilotage identifies its forward looking strategy in response to the changing regulatory framework surrounding FATCA and other US regulations such as Dodd-Frank, Rousset also told PBI.
"In today’s post-FATCA environment, our tailor-made global investment strategies can now go one step further with the Family Office Consulting practice and help achieve objectives across several generations" commented the CEO.
The firm has appointed industry veteran William DuBois as head of the new unit. With over 30 years’ experience in private banking and investment advisory, DuBois was previously founder of Return On Investment LLC, and held senior positions at Barclays Private Bank and Citibank Private Bank, in New York, London and Geneva.
"History shows that the difference between a family that is able to grow its wealth over several generations and another one that will see its wealth slowly crumble away lies in the ability to establish a long-term strategy and a robust governance framework," said DuBois.
Pilotage, which is SEC-registered and has offices both in Zurich and Geneva, already provides wealth and asset management services to US and international families and businesses.
The employee-owned firm has grown quickly since its launch five years ago, and now manages more than $850mm in assets under management (AuM), Rousset also revealed.