Kaiser Partner, the family owned Liechtenstein wealth management group, achieved very pleasing results for the 2013 financial year, and continued on this successful course in the first half of 2014. With its 180 employees in Vaduz (Liechtenstein) and Zollikon-Zurich (Switzerland), Kaiser Partner looks after approximately CHF 25 billion of client assets.
As a pioneer of Liechtenstein's clean money policy, it has worked for years on a long-term strategy involving new business models, transforming its business and diversifying into new areas of business for wealthy international clients.
Kaiser Partner has a profitable 2013; significant inflow of new money to private bank
In 2013 Kaiser Partner more than doubled its consolidated profit thanks to exceptional income items and rigorous cost management; consolidated operating income was down 4% on the prior year on a like-for-like basis. The Group's private bank attracted significant new money in 2013. Assets under management at Kaiser Partner Privatbank went up 23% from CHF 1.665 billion to CHF 2.050 billion. The bank's profit remained stable, though slightly below the prior-year level at CHF 2.1 million (CHF 2.4 million).
Taxed US client assets
Zollikon-based Kaiser Partner Financial Advisors AG, which has been registered with the US stock exchange regulator (the SEC) since 2009, is fully equipped to serve US clients completely legally under US and Swiss law. It is currently benefiting from the fall-out of the tax dispute between the US authorities and Swiss banks.
Launch of the Classic Car Trust and Collectors' Office
The Classic Car Trust was launched in May 2014 in Italy at the world's most prestigious classic car rally, the Mille Miglia. The new company was the Mille Miglia's digital partner and participated in the race itself with a team of five cars driven by such luminaries as Oscar winner Adrien Brody (The Pianist), actor Luke Evans (Fast & Furious) and Paloma Picasso. Under its motto "Aspirin and Champagne" the Collectors' Office looks after the administrative, financial and legal needs of classic car collectors, taking away the worry and leaving them to enjoy their passion.
New digital solutions
At the start of 2013 Fritz Kaiser acquired prize-winning web development firm Ringier Studios, which has offices in Zurich und Saigon (Vietnam). This opened up new opportunities for his group of companies in the digital world and for various e-initiatives. The digital development team presented two new apps to mark the launch of the Classic Car Trust. The official Mille Miglia LINK app assisted participants during the rally by delivering all the important information they needed directly to their iPhones. Meanwhile, the Classic Car Collector app for iPads offered a new internet platform for fans and aficionados of classic cars.
A good first half of 2014
2014 has got off to a good start. The private bank attracted more new client money and there was growth in assets under management. At the end of 2014 it will switch to a new and modern banking software platform, which will enable it to serve customers in new ways. The Group's reorientation and expansion in trustee and family office business and its new initiatives are progressing as planned.
Kaiser Partner at a glance
Kaiser Partner is a wealth management group and private bank whose roots stretch back to 1931. As a comprehensive financial services provider, Kaiser Partner offers wealth and asset management as well as Family Office services from a single source. The Group brings together companies including Präsidial-Anstalt, one of Liechtenstein's oldest trustee companies, a private bank , an investment advisor registered with the US Securities and Exchange Commission, as well as other advisory and service companies. With 180 employees in Vaduz and Zollikon-Zurich, Kaiser Partner looks after around CHF 25 billion of assets for clients, who include wealthy families and their advisors. Kaiser Partner is the wealth management group within Kaiser Beteiligungsholding, which is the vehicle for the wider investment interests of Fritz Kaiser and his partners.
(souce: Kaiser Partner)