LFG Holding SA has acquired a qualified stake in Essentia Family Office SA, a Swiss company specialized in family office services. The operation has already been approved by the Swiss Finan- cial Market Supervisory Authority (FINMA).

The competitive environment in which the Swiss wealth management industry finds itself, has changed considerably over recent years. We believe that financial players will be seeing another impressive change in the future. Competition from large and structured operators, coupled with the introduction of new regulations, is set to impose further organizational complexity and rising costs that will undoubtedly result in a significant threat to the sustainability of the business model traditionally adopted by small and medium-sized financial professionals. This is the foundation on which our aggregation strategy and creation of a new paradigm in financial services is based.

Massimo Borghesi, CEO of LFG Holding: “Adding the services offered by Essentia Family Office to the group’s portfolio means expanding our presence in the value chain and supporting the client with an ever-wider and deeper range of solutions, in line with our strategy of service personalization. In addition, the joint effort between LFG and Essentia Family Office will create substantial innovation in processes and services, to offer a one-of-a-kind client experience in our sector”.

Essentia Family Office will maintain its operational independence and management to continue on its successful growth path to date. “Operational independence is the focus of the acquisition strategy in progress, as LFG Holding does not intend to turn successful entrepreneurs into employees” (Enrico Guagni, President of LFG Holding).

Orlando Campopiano, founding partner of Essentia Family Office: “Essentia Family Office will be able to leverage the synergies and economies of scale typical of a more structured group, thus improving profitability and the ability to reinvest in innovation and talent, a strategy already pursued for some time by the LFG Holding group”.

“The combined and complementary know-how will allow both groups to further develop their activities and will create optimal conditions to seize new opportunities in a constantly changing market" (Michele Cutruneo, CEO of Essentia Family Office).

The ever-increasing regulatory requirements and the need to offer clients services in line with the highest international standards, make the aggregation process an opportunity to focus solely on the management and consultancy to the customer, creating partnerships in services such as human resources, compliance, information technology, and investment analysis. This kind of aggregation will allow the partners to avoid costly and inefficient outsourced services, leaving them with more time to manage the needs of their clients.