ForumsStarting a Business

Dear Sir
Yes, I am one of the two principals of the company. We are brothers and complement each other. We are not managing client funds yet. I was not allowed to go after my former clients because of the clauses of my contract with the private bank in Switzerland I have been working for a s a vice president. Now enough time has elapsed. I am taking care of the client relation side. My brother was the controller of a department in one of the frst law firms of Switzerland. His department was doing the accounting of around 250 offshore companies. My brother will take care of the administration, the back office and the relationship with our deposit bank. We do not accept high risk clients. We are the ones screening them. There is no way we could bring a high risk client to our bank, which is one of the largest banks in Switzerland. This bank will be screening the clients a second time. No, we don't have a written business or marketing plan. We do expect from our investor to be having in depth knowledge about wealth management and the mechanisms involved generating income. We don't want one of our potential clients to be an investor with us. We are not targeting the market in Switzerland. Our main focus is the market of the Kingdom of Saudi Arabia, which is very attractive for wealth management especially for people like us who have got a 30 years experience dealing with the Kingdom and with Arabs in general. We are using a gmail account to begin with. Once we do have around 50 Million Dollars under management the operation starts making profit. All depends how fast I get my potential clients to open accounts. My potential clients are high net worth individuals. My target is to get accounts as from one million Dollars and up.

First you need the resources to offer wealth management as an independant advisor vs under the umbrella of a larger firm, check out fusionadvisor.com