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Altiqa Launches “Bespoke” MFO

The Altiqa Group has just created a multi-family office (MFO), with the goal of meeting a growing demand
by new residents in Monaco, as well as from international families.

there is an inheritance, we are the intermediary
for the heirs, all of whom may not have the same
financial culture as their parents.”
Advisors and clients decide together on a healthy
diversification of assets and risk (property,
financial investments, private equity, art and
so on), as well as on the methods of holding
and protecting these assets.
The arrival in Monaco of a new family or estate
is often the opportunity to audit the situation and
adapt it to the Monégasque legal environment
and to the tax obligations of the various parties
involved.”

Dedicated services for art-lovers and athletes
With Altiqa’s MFO, there is a department entirely
dedicated to professional sportspeople and
with good reason, given the large number of
DGAD/LTR : Desy Russo, David Tanner, Aniela Versace & Giovanni Gasparini high-level athletes who decide to come and live
in the Principality every year. “At the beginning
Altiqa Monaco had been considering diversifying We basically take on the role of a “personal of their careers, these athletes are young and
their services and launching an MFO for just assistant,” adds, Aniela Versace-Ferrari, with don’t necessarily have a financial or economic
over a year and now it’s a reality. Altiqa for 20 years. education. Our aim is to protect their wealth,
One of Altiqa’s two Directors, Antoine Mari, help them put some money aside and work
explains: “It was important to adapt to our clients’ “We are objective umpires” on image rights.” To this end, the company
needs, which have been changing over the past For the Monegasque company, established for has employed former professional cyclist,
few years. Today, new foreign residents (families more than 40 years, the decision to create an David Tanner. The Australian has completed a
with an estate of between €10 million and €250 MFO was strategic. change in career, retraining at the International
million – are busy with their daily personal and The MFO does, of course, include a wealth University of Monaco, with an MBA in Finance
professional lives. They need guidance in their management component. “Resident families now under his belt. Having arrived in Monaco
dealings with administration and their wealth. On usually have accounts in several banking in 2009, David Tanner is all the better equipped
the one side, we manage their total integration in establishments in different countries. We to guide clients, as he personally experienced
all aspects of their new life in the Principality; and propose to centralise them on a single document. moving to the Principality, along with the double
on the other, we also offer them the possibility of This makes it possible to check that the banks challenge of continuing his professional sporting
centralising the administration and control of their are applying the negotiated rates and that the career and preparing for what to do afterwards.
assets.” Dealings with embassies and residents’ investments correspond to the level of risk Lastly, the MFO is also targeting art-lovers and
services, administration, customs formalities, desired by the clients and to the investment vintage car collectors. The department includes
schools, insurance, driving licences and car guidelines expressed,” underlines Luca Farina, Giovanni Gasparini, who spent 10 years at major
registration are all taken care of: “Our objective Director of the Wealth Administration section. auction houses in London, and is headed up
is to handle all of our clients’ administrative and Having an outsider’s view is essential: “We are by the lawyer, Claudio Simonetti, who holds an
logistical tasks, while also anticipating their needs objective umpires, thanks to the Monaco laws Executive Masters in Art Market Studies from
allowing them to take full advantage of all the governing MFOs. We can explain investments the University of Zurich and who has recently
positive things the Principality has to offer. We and other operations objectively. In the world of been appointed President of the Altiqa Group.
offer trustworthy “à la carte” service for new finance today, taking the time to regularly bring The MFO helps clients make the most of their
arrivals to the Principality but also to residents the client up to date with the situation of his or her collections, develop them and protect them, in
that would like personalized assistance. wealth is something they really appreciate. When Monaco and abroad.

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