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Wealth Structuring | Investment Management | Banking | Trust
Cover and this page: Christo andJeanne- Claude, The Umbrellas ,Japan and US A, 1984-91.
The artists are known for theirlarge-scale environmental works often realised through the use ofwoven fabric.
The Rothschild ofce in Zurich ishome to a superb art collection,including a large number of worksby Christo and Jeanne-Claude.
Photos: Wolfgang Volz Christo 1991.
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For over 200 years,
Rothschilds freedom to offer
objective advice and commitment
to personal service have combined
to build value for our private clients;shaping wealth for generations.
From sandals to sandals in three generations is a Chinese saying
that describes a near-universal experience. One generation makes a
great fortune and the next maintains it before the third generation s
it without restraint. In doing so, they risk returning to the poverty o
sandals that their grandparents started out in.
Few families have successfully managed and preserved their wealth
centuries. The Rothschilds are an exception and, as a result, our bu
is now in its seventh generation of independent family ownership.
This heritage provides us with a unique insight and perspective.
Today, our clients benefit from the objective advice that our
experience and independence allow us to provide.
Right: The Rothschild Faberg Egg is a superlativemasterpiece by a master-craftsman. It is one ofonly 12 eggs created for private clients: a giftfrom Batrice Ephrussi to Germaine Halphen onher engagement to Baron Edouard de Rothschildin 1902. Christies 2007.
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What we do
Left: A letter written in 1846 by Louis Philippe,King of France, to Baron James de Rothschild.It approves some designs for a magnicentcarriage to be constructed as the K ings owncoach on the new French railway line createdby the Rothschilds. 2008 The Rothschild Archive London.
We offer independent advice to individuals and families from
around the world.
Unlike many of our peers, we take a broad view. We are
interested in our clients overall balance of assets and liabiliti
and the complete pattern of their wealth. For example,
we often create structures to protect a wide range of assets
including non-nancial assets such as family businesses, yacht
art and property.
Investing time is central to our approach. Before making
recommendations, we seek to understand as much as possib
about each of our clients circumstances and priorities.
This allows us to put forward a coherent nancial strategy.
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What makes us different
Four guiding principles dene the way
that we work:
objective advice
personal commitment
family values
intellectual rigour
These principles shape everything we do.
They are central to our ethos and at the heart
of our commitment to each of our clients.
Left: Untitled 13 (engravings for Carmen)by Pablo Picasso. Succession Picasso /DACS London / Goldmark Gallery 2008.
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Objective advice
As an independent business, we are free to look at options
from our clients perspective. Our recommendations are
based on our unbiased analysis of opportunities, risks and
of each clients individual circumstances.
We are free to work with our clients existing advisers
and investment managers, providing guidance and
recommendations on wealth structuring and investment
strategy regardless of where the assets are managed.
Left: Imperfect 633/8" x 887/
8" detail(woodcut, screenprint, collage, 1988)by Roy Lichtenstein 2008, ProLitteris, Zurich.Courtesy of The Lilja Art Fund Foundation.
We have no obligation to sell any productsand have few of the conflicts of interest thattrouble so many of our competitors.Baron David de RothschildChairman of the Rothschild group
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Personal commitment
The real value of Rothschild lies in our service.
Unlike most banks, our hierarchy has very few levels.
We are part of the global Rothschild group, yet we maintain
short lines of communication and avoid rigid bureaucracy.
As a consequence, our clients receive the personal time
and attention they deserve, from senior specialists in a
range of elds.
Our emphasis is on care and attention to detail. We seekto build relationships that last for generat ions.
Right: Sculpture with pencils(pencils and resin on plexiglass, 1968)by Pierre Fernandez Arman 2008, ProLitteris, Zurich.Courtesy of The Lilja Art Fund Foundation.
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Right: Latelier de Paris detail(gouache, 1969) by Marc Chagall 2008, ProLitteris, Zurich.Courtesy of The Lilja Art Fund Foundation.
Family values
The Rothschild family motto translates as unity, integrity
and entrepreneurship. Over the centuries, we have
remained true to this approach, even as the nature of
our business has changed.
As a family business, we understand the sensitivities that
surround family governance and planning for succession.
We know the key issues that need to be addressed and
work alongside our clients to plan for the future.
We are like the mechanism ofa watch: each part is essential.Salomon von Rothschild (1774-1855)to his brothers
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Intellectual rigour
Our clients have access to the knowledg
and experience of the entire Rothschild
group. This includes senior investment
bankers advising on mergers and
acquisitions, international trust lawyers
and some of the worlds most sought-af
investment specialists.
Meticulous attention to detail is a
Rothschild hallmark. We dont cut corne
or serve prefabricated solutions.
Left: Flying Machines detail(pen and ink on paper) by Leonardo da Vinci. Bibliotheque de lInstitut de France, Paris,France / Alinari / The Bridgeman Art Library.
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We offer a comprehensive range of services for private
clients. This includes guidance and recommendations on tax
inheritance and succession planning, as well as on broader
issues of family governance.
When struc turing our clients assets , we use a wide range
of vehicles including trusts, foundations, insurance and corpor
vehicles and specialise in advising international clients
whose affairs span a range of domiciles and jurisdictions.
Our investment services cover both traditional and alternati
asset classes, from equities, bonds and cash to commodities,
hedge funds, commercial property and private equity.
We focus on constructing divers ied asset allocations for ou
clients. Their portfolios typically include a blend of direct ho
active and passive funds, structured products and derivative
Left: Walking Past Two Chairs detail(lithograph and screenprint)by David Hockney 2008, David Hockney.Courtesy of The Lilja Art Fund Foundation.
Our services
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Below: Wrapped Walk Ways, Project for Jacob Loose Kansas City, Missouri, by Christo. Collage 1978 in twopencil, fabric, pastel, wa x crayon, charcoal, photographtechnical data. 1978 Christo.
Courtesy of The Lilja Art Fund Foundation.
Wealth structuring
To survive and grow over time, assets and estates need
protection from political upheaval, changing legislation
or even irresponsible heirs.
Our tax and wealth structuring specialists are adept at
designing and establishing tax efcient structures.
Many of these are international and require complex,
cross-border planning.
On an ongoing basis, we actively monitor and review eachof our clients affairs to ensure their structures remain
relevant and effective.
It takes a great deal of boldnessand a great deal of caution tomake a great fortune; and when
you have got it, it requires ten
times as much wit to keep it.Nathan Mayer Rothschild(1777-1836)
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Investment management
No two people have exactly the same approach to investing.
Some clients are happy to ride out volatile markets; others
emphasise stability and dependable returns. Some clients
want to be actively involved in daily investment decisions;
others prefer to delegate decision making to our investment
professionals.
Before suggesting an investment strategy, we always begin
with a detailed analysis of each clients personal circumstances.This includes their preferences and constraints, risk tolerance
and return objectives, time horizon and liquidity needs.
Our independence is central to our investment approach.
We do not manufacture and sell our own nancial products
but instead objectively source and select leading products for
our clients.
Our dedicated analysts look at investment options from our
clients perspective, searching for fair pricing, attractive terms
and the potential to produce strong risk adjusted returns.
Above: Surrounded Islands, Project for Biscayne Bay,Greater Miami, Florida, by Christo. Collage 1981 intwo parts: pencil, fabric, pastel, charcoal, photographand map. Christo 1981.Courtesy of The Lilja Art Fund Foundation.
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Banking
Our discreet banking service offers access to cash,
credit and custody from centres in Switzerland and
the Channel Islands .
We provide competitive cash management facilit ies,
deposit accounts, debit and credit cards, and foreign
exchange on margin. We can also lend against
diversied investment portfolios as well as selected
single funds and securities.
Right: Running Fence, Project for Sonomaand Marin Counties, California, by Christo.Drawing 1976 in two parts: pencil, charcoal,
pastel, photograph, tape and technical data. Christo 1976.Courtesy of The Lilja Art Fund Foundation.
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Trust
International tax laws and regulations are constantly evolving
Our teams of trust experts ensure that our clients nancial
arrangements keep pace with the changing environment.
They can also relieve the burden of managing assets, by taki
on the responsibilities of monitoring and administration.
Changes in personal circumstances are as important
as changes in the wider world. As our clients families,
lifestyles and priorities alter over time, we work with them
to review and revise the way their assets are managed.
Left: In 1810, Mayer Amschel Rothschild
drew up a partnership agreement withthree of his sons, which was the basis forthe future pattern of Rothschild business. 2008 The Rothschild Archive London.
Lack of order will turna millionaire into a beggar.Mayer Amschel Rothschild(1744-1812)
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Shaping wealth for generations
The Rothschild family has a long history. But our sto
of reinvention, as well as tradition.
Shaping wealth for generations involves a different w
thinking. It begins with an investment of time, as we
gain a complete understanding of each clients needs
objectives. It involves condence and experience
drawing on our herit age, and looking to the long te
It also speaks of our commitment to providing an
exceptional service, to building lasting relationships, a
intelligent intervention that will continue over time.
This page: Untitled 1958by Alexander Calder. Private Collection.
Photo: Christie's ImageThe Bridgeman Art Libra Calder Foundation, NeDACS London 2008.
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Left: The Rothschild coat of arms,as rst granted in 1822 by the Habsburg
College of Heralds, incorporatingthe ve arrows, red shield and motto unique to the Rothsc hild fami ly. 2008 The Rothschild Archive London.
The Rothschild story
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The Rothschild family history is intrinsically linked to our
heritage as a rm. Over 200 years, the Rothschild name has
become synonymous with quality and excellence in nance,
wine, architecture, science and the arts.
From modest beginnings, the ve sons of Mayer Amschel
Rothschild founded banking houses in Frank furt, London,
Paris, Vienna and Naples. They achieved renown as the most
important and most successful bankers in the world.
Our clients have included royalty and other inuentialpeople of their day: Queen Victoria, Gioacchino Rossini,
Louis Philippe, Johann Strauss senior, Dame Nellie Melba
and Randolph Churchill, to name a few.
/ /noun.RothschildMayer Amschel Rothschild (1744-1812
and his descendants, proprietors
of an international banking company.An extremely wealthy person; a millio
Oxford English Dictionary
Queen Victoria by ThomasGeorge Housman. The Trustees of theWeston Park Foundation,UK / The BridgemanArt Library.
Portrait of GioacchinoRossini, Italian composer. Haags Gemeentemuseum,The Hague, Netherlands /The Bridgeman Art Library.
Dame Nellie Mas Rosina in Thof Seville. Museum of LUK / The BridgArt Library.
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A brief history Rothschild and philanthropy
1945-today
Both the British and the French
branches emerge from the Second
World War with new generations
of the family at the helm. Historic
partnership ties between the two
branches are revitalised, leading
to a complete merger in 2003.
An enduring entrepreneurial spirit seesthe development of an international
network of branch offices and
the business survive nationalisation
in France.
Rothschild creates the first fund of
hedge funds in 1969, and, in the 1980s,
strengthens its position as a world leader
in investment banking. Today, Rothschild
has over 4000 private clients in 90
countries and is a global private bank.
Wherever they have settled, the Rothschild family have sought to play
their part in the life of their community. In this, they are building on tradition
of social concern and charity instilled in his children by Mayer Amschel Roth
the founder of the Rothschild family. Today, a wide range of Rothschild foundoperate throughout Europe and in Israel, in fields as diverse as medical scien
housing and education.
The Rothschild giraffe is a
distinctive and endangeredsubspecies found in Kenyaand Uganda. Walter Rothschild(1868-1937) had a lifelonginterest in zoology. Thanksto him, many species now bearthe Rothschild name. 2008 / Jrgen & ChristineSohns / FLPA.
Fondation Rothschild, created
in 1904, undertook theconstruction and managementof social housing in centralParis to cater for the needsof the working population. Nicolas Janbergwww.structurae.de
In 1884, Nathaniel d
became the sole majin a social housing prthe East End of Londas the Four Per CentDwellings Company, to the planned prot Philip Walker.
Yad Hanadiv is the Rothschild
familys foundation in Israel,which has supported manycultural initiatives, includingthe creation of the SupremeCourt building in Jerusalem. 2008 The RothschildArchive London.
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Rothschild and wine
I do hope you like thewine. Its home-made.Liliane de Rothschild,to dinner guests at Late
2008 DomainesBarons de Rothschild (Late).
Chteau Lafite Rothschild, under the leadership of
Baron Eric de Rothschild, consistently produces some
of the worlds finest red wines. Each year, Baron Eric
commissions a different fine art photographer to capture
something of the vineyard. Past photographers include
Irving Penn, Robert Doisneau and Richard Avedon;
the photograph on the right was taken by
Antonin Borgeaud.
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A note on the images
The Rothschild ofce in Zurich is homsuperb art collection. There are over 2of art on display and in the archives, inpieces by Pop Artists such as LichtenstWarhol, and a large Christo collection
Some of the images featured in this brofrom this collection. Each of them reetheme of shaping wealth for generatio
Welcome
Rothschild has served private clients for over
200 years. Today, I am proud to represent
my family in leading this business.
While much has changed, our objective remains
the same: to protect and enhance our clients
legacies for generations to come.
I hope this brochure has given you a goodintroduction to our rm. I would like to thank
you for your interest in Rothschild and look
forward to welcoming you as a client.
Baron Eric de RothschildChairman, Rothschild Wealth Management & Trust
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Nucleus 2 011
This Publication is intended for information purposes only and does not constitutean offer or an invitation by, or on behalf of, Rothschild Wealth Management & Trustto buy or sell any security, nancial instrument or to participate in any particulartrading strategy or banking product in any jurisdiction. This Publication may only bedistributed in countries where its distribution is legally permitted and is not directedto any person in any jurisdiction where (by reason of that persons nationality,residence or otherwise) such publications are prohibited. In particular this Publicationis not to be made available to US persons and is not t o be circulated within the USA.
This Publication is approved for circulation in the United Kingdom by RothschildWealth Management (UK) Limited, authorised and regulated by the FinancialServices Authority. None of the Rothschild Group companies outside the UK, northe trust companies, are authorised under the UK Financial Services and MarketsAct 2000 and, accordingly, the protection provided by the UK regulatory system forretail customers does not apply, nor is compensation under the UK Financial Service
Compensation Scheme available.
This Publication cannot be reproduced totally or in extracts without the priorwritten consent of Rothschild Wealth Management & Trust.
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For further information about Rothschild, including a complete listof services, ofces and contact details, please visit our website atwww.rothschild.com/wealthmanagementandtrust