Investment Integrity Audit

The swisspartners services for the consolidation and audit of large foundation- and family wealth.

Starting position and target group

Substantial wealth is usually allocated throughout several banks and entrusted for administration to different asset managers. Investment Integrity Audit – a service of swisspartners – comprises for the first time an ongoing consolidation of so distributed wealth (including non-bankable assets), thereby permitting an integral asset oversight.

The items of concern include primarily large to very large assets usually administered by several asset managers on a mandate basis within various financial institutes.

The service is aimed at beneficial owners or at authorised asset managers, for example: foundations, family offices or sizable asset managers, who generally are not equipped with adequate systems that would enable an integral vie point.

Procedure and scope

Combined assets across various sub-funds are captured in a specialized software solution of swisspartners to be assessed and evaluated according to the standard criteria. The valuation date can be carried on as a part of the transaction-based asset accounting. This provides, on top of a daily updated integral oversight of the entire assets, a parallel objective performance measurement of the total wealth and of the sub-funds. The exact scope of the audit is determined on a case by case basis.

The Investment Integrity Audit covers usually the following aspects:

• Formal Integrit – Here it will be verified if the authorised asset manager fully complies with the provisions specified in the mandate contracts (bandwidths, restrictions, etc.).
• Substantive Integrity – Here the transparency of all transactions will be reviewed.
• Performance Integrity – The performance of each asset manager’s part of wealth he administers is examined on one hand – in absolute terms, on the other – in peer- and benchmark comparison.
• Extended Analysis- Further aspects are also examined and assessed, notably the choice of the risk profile, the strategic asset allocation of total assets, the value at risk, etc.

Kristian Bader will be happy to answer any of your queries concerning Investment Integrity Audit by swisspartners.