SFOA - Swiss Single Family Office Association

Swiss Single Family Offices offer their C-level functions a wide pay range in terms of base salary and total compensation Attracting and retaining top talents, aligning the interests of stakeholders and executives, and fostering a pay-for-performance environment are crucial aspects in today’s corporate world. Compensation schemes play a significant role in addressing these objectives, particularly within Single Family Offices (SFOs), which are entrusted with managing and governing the wealth of single families. Exploring pay in this industry is even more compelling given that many of the recruited SFO professionals join from financial services, investment banking, law and consultancy firms which usually hold well-established compensation practices. This joint study, the first of its kind in Switzerland, draws upon HCM International Ltd.'s deep understanding of compensation and incentive schemes alongside the SFOA - Swiss Single Family Office Association to address the demand for enhanced transparency. This report aims to provide insights into incentive schemes for C-levels at Swiss SFOs. We are grateful to the author Stephan Hostettler and his HCM Team, and the SFOA Board Members Livio Gaido and Kurt Moosmann for jointly producing a compelling study on compensation schemes within Swiss SFOs. This new study, along with further information on our industry, can be found on our homepage (www.sfoa.ch). #singlefamilyoffices #familyoffices #familyoffice #executiverecruiting #generationaltransfer #familywealth #familybusiness #sme #wealthmanagement #sfoa #transferacrossgenerations

Ich bedanke mich für die spannende Diskussion beim gestrigen schillingtalk zum Thema: «Selbstregulation für Single Family Offices: Ja oder Nein? Falls Ja, in welcher Form?» Erkenntnisse: • Der Begriff Selbstregulation stösst auf Widerstand. Aktuelle Regulation in anderen Bereichen werden als zu wenig zielführend wahrgenommen.  • Es braucht mehr Aufklärung, wie solche Mindest-Standards aussehen und welchen Nutzen sie bringen könnten. • Ein Branchenverband wäre willkommen, um übe Lobbyarbeit eine gemeinsame Stimme und Interessenvertretung zu schaffen. Herzlichen Dank an alle Teilnehmenden, besonders an Kurt Moosmann und Felix Xaver Oeschger vom SFOA - Swiss Single Family Office Association für ihre wertvollen Beiträge. Kontaktieren Sie mich gerne, um mehr zu erfahren oder mitzuwirken! #schillingpartners #executiverecruiting #banking #familyoffices #warfortalent

SFOA's 2024 Fall Event in the picturesque Engadin SFOA Members and distinguished guests enjoyed an exhilarating pre-event dinner staged at the #MuottasMuragl at 2,456m, followed by a day filled with thoughtful discussions and a series of stimulating presentations by formidable speakers at the Kongresszentrum Rondo in Pontresina. Following our first comprehensive study on the Swiss SFO landscape, which has yielded very positive responses from pundits across the world, Stephan Hostettler (HCM International) presented the first joint HCM/SFOA benchmarking survey on compensation for C-Levels in Swiss Single Family Offices, followed by insightful presentations on Private Markets by Cyril Demaria and on the macroeconomic developments by Maximilian Kunkel. Our Fall event was enriched by a very memorable fireside chat with Dr. Josef Ackermann, whom late US Secretary of State Henry Kissinger once considered the "most brilliant and perceptive European banker". The remarkable business statesman captivated the participants by revealing his thoughts, among many, on Europe's competitiveness and structural weaknesses, the recent collapse of Credit Suisse bank and by sharing his predictions on the US-Sino conflict and the upcoming US presidential elections. Following Dr. Ackermann inspiring comments, the members learned from a passionate Jon Erni about the miaEngiadina project that aims to make the Engadin the preferred place for retreats, networking and inspiration. The success of SFOA - Swiss Single Family Office Association has not only been driven by the members’ desire to share expertise and knowledge across various important topics, but more recently culminated in the willingness to jointly define best practices for the Swiss SFOs against the backdrop of looming international regulatory changes for single family office governance. A newly constituted Members' committee will commence its work on creating a new minimum governance standard for single family offices shortly. After an intense meeting day, full of profound discussions and revelations, the attendees enjoyed an entertaining wine tasting by Master of Wine Philipp Schwander (#philippschwanderag) accompanied by a delightful dinner at the Grand Hotel Kronenhof. As we enter our 7th year, SFOA has picked-up on speed and the number of activities and new membership applications have risen greatly. SFOA will continue enhancing the association's recognition within Switzerland and beyond, whilst introducing measures that will promote and protect the Swiss Single Family Office industry in the future. #singlefamilyoffices #familyoffices #familybusiness #familywealth #generationaltransfer #transferacrossgenerations #familyoffice #wealthmanagement #StGallenStudy #sme #smeswitzerland UBS Grand Hotel Kronenhof HCM International Ltd. Mosaik Capital Comment: To read HCM/SFOA benchmarking survey on compensation for C-Levels please visit the SFOA website at www.sfoa.ch

Thank you to Marius André Holzer and #CFA Generations Conference 2024 for inviting the official Swiss Single Family Office Association #SFOA to present our recent study on the Swiss Single Family Office landscape. The SFOA Board Members Kurt Moosmann and Felix Xaver Oeschger used this unique opportunity to present the association's latest efforts to protect and to promote Switzerland as a primary hub for single family offices. Among many, the ongoing preparatory work for the introduction of new minimum standards and best practices for Swiss single family offices. #SFOA #singlefamilyoffices #familyoffices #familyoffice #wealthmanagement #familybusiness #smeswitzerland #sme #Switzerland #StGallenStudy Comment: To read the study on the Swiss Single Family Office Landscape please visit the SFOA website at www.sfoa.ch

Today we published our first study highlighting the vital role of Single Family Offices (SFO) for Switzerland's Economy. The study by the University of St. Gallen KMU-HSG | Institut für KMU und Unternehmertum reveals SFOs as key players in managing and succeeding family businesses, driving significant economic growth in Switzerland. With a net asset value of approximately CHF 600 billion, SFOs are an institutional pillar for multi-generational family businesses. Conducted between November and December 2023, the survey marks the first systematic recording of SFO activities and investments in Switzerland. This study is instrumental for our discussion to find ways how to enhance Switzerland’s attractiveness for SFOs. Remarkable: Majority of SFOs are open to licensing for ensuring minimum standards which help promoting our market. Thanks go to Michael Viana Gabriele Schmidt Markus Schmid Lukas Winderl Kurt Moosmann & Felix Xaver Oeschger for their contributions. To download the report please use the link in the comments below. #FamilyOffices #EconomicGrowth #Switzerland #StGallenStudy #SFOA #UBS Comment: To read the report please visit the SFOA website at SFOA - Swiss Single Family Office Association

The first comprehensive study on Swiss single family offices has been published! We would like to thank all guests, faculty members and speakers for their contribution to an exciting and informative event.

Today we published our first study highlighting the vital role of Single Family Offices (SFO) for Switzerland's Economy.   The study by the University of St. Gallen #HSG reveals SFOs as key players in managing and succeeding family businesses, driving significant economic growth in Switzerland. With a net asset value of approximately CHF 600 billion, SFOs are an institutional pillar for multi-generational family businesses.   Conducted between November and December 2023, the survey marks the first systematic recording of SFO activities and investments in Switzerland.   This study is instrumental for our discussion to find ways how to enhance Switzerland’s attractiveness for SFOs.  Remarkable: Majority of SFOs are open to licensing for ensuring minimum standards which shall help to protect and promote our market.    Thanks go to Michael Viana (#michaelviana), Gabriele Schmidt (#gabrieleschmidt), Markus Schmid (#markusschmid), Lukas Winderl (#lukaswinderl), Kurt Moosmann (#kurtmoosmann) & Felix Oeschger (#felixxaveroeschger) for their contributions.    To download the report please use the link in the comments below.   #FamilyOffices #EconomicGrowth #Switzerland #StGallenStudy #SFOA #UBS    Comment: To read the report please visit the SFOA website at  https://lnkd.in/daiAbRWC

SFOA returned to Lausanne for its 2024 Annual Membership Meeting. After a private tour of the remarkable EHL Hospitality Business School campus, we enjoyed a delightful pre-event dinner and listened to Carole A., President of the Board of Trustees of the EHL Foundation and Chairwoman of EHL Group, who gave a captivating speech on how the school maintains its long history, while continuing to extend its excellence well beyond hospitality. During our formal meeting, we welcomed new members to the SFOA-family and used the invaluable sessions to share insights, experiences and knowledge. Above all, we were able to table the first comprehensive survey (jointly by SFOA/HSG/UBS) on the Swiss Single Family Office Landscape, which will be officially presented to the public on June 4, 2024. Thereafter, Stephan Hostettler set-out the guidelines for the new benchmarking survey on C-Level compensation in Swiss Single Family Offices, the results thereof will be displayed at our upcoming Fall event. Besides the workshops on cyber security, IPO as a valid exit strategy for family businesses, and strategic asset allocation, we learned from Wolfgang Zürcher about the personal liabilities of Board Members. Filippo Noseda shared his insights on the newest developments regarding BO Registers and the 6th AML Directive. As our Lausanne meeting took place against the complex backdrop of tense geopolitical and geoeconomic challenges, it was most interesting to hear Elbridge Colby's views on the Sino-U.S. structural rivalry, as well as to learn about his perspectives on the Ukraine war and Middle Eastern crisis. Last, but not least, we welcomed our academic partner Peter Vogel, IMD, to announce the SFOA/IMD family office executive diploma which is planned to commence in 2025, and aims at establishing a new global gold standard in family officer training and certification. As SFOA - Swiss Single Family Office Association continues welcoming new members to the association, it aims at protecting, preserving and promoting the Swiss single family office landscape. SFOA - Swiss Single Family Office Association IMD EHL Felix Xaver Oeschger Kurt Moosmann Livio Gaido IMD Global Family Business Center #familyoffice #familybusiness #legacy #wealth #transferacrossgenerations #heritage #singlefamilyoffice

The official Swiss Single Family Association (#SFOA, #singlefamilyoffices) is proud to announce the completion of the first comprehensive study of the Single Family Office landscape in Switzerland! The findings will be presented in June 2024. Jointly with our partners University of St. Gallen (#HSG) and UBS AG (#UBS) we have obtained a representative overview from more than 70 Swiss SFOs - one third of the 220 Swiss SFOs surveyed. Did you know that ... ... over 70% of the Swiss Single Family Offices own SMEs and thus make a decisive contribution to maintaining the backbone of the Swiss economy? We are very proud to present the full results on June 4, 2024. Stay tuned ! A big thank you to Michael Viana, Gabriele Schmidt, Markus Schmid, Lukas Winderl, Kurt Moosmann & Felix Xaver Oeschger for their great team effort! #familyoffice #wealthmanagement #familyoffices #familybusiness #smeswitzerland #sme

The official Swiss Single Family Association (#SFOA, #singlefamilyoffices) is proud to announce the completion of the first comprehensive study of the Single Family Office landscape in Switzerland! The findings will be presented on the 6th of June 2024. Jointly with our partners University of St. Gallen (#HSG) and UBS AG (#UBS) we have obtained a representative overview from more than 70 Swiss SFOs - one third of the 220 Swiss SFOs surveyed.   Did you know…  ……that SFOs can play a significant role when it comes to successfully transferring family business enterprises to the next generation?   We are very proud to present the full results on June 6, 2024. Stay tuned !   A big thank you to Michael Viana (#michaelviana), Gabriele Schmidt (#gabrieleschmidt), Markus Schmid (#markusschmid), Lukas Winderl (#lukaswinderl), Kurt Moosmann (#kurtmoosmann) & Felix Oeschger (#felixxaveroeschger) for the great collaboration.