A Trustee in Switzerland.
Our client was struggling to balance his fiduciary duty for managing the assets with carrying out the purposes of the trust. He felt that the management responsibilities were onerous, time consuming, and often at the very edge of his experience and knowledge.
The family office was appointed to manage the manager and we now provide the Trustee with detailed reports on the performance, asset allocation, risk, and oversight. These reports are invaluable and have led to a greater degree of understanding between the manager and the Trustee, as well as better awareness of the original Settlors’ (and their subsequent beneficiaries) wishes.
