For single family offices
Consolidated wealth overview for the single family office
Updated: · Leutrim Miftaraj, FLIORE · Editorial standards · Other languages: Deutsch
Short answer
A consolidated wealth overview shows the entire family wealth across all banks, companies, foundations and countries in one reporting currency – including real estate, holdings and collections. In a single family office it is the basis for decisions, tax and succession. FLIORE consolidates with look-through across all levels, measures performance with TWR and IRR and produces monthly reports for the family.
Why the overview is so hard to obtain
A family's wealth is rarely held in one place. Securities are spread across several banks, real estate and holdings sit in companies, and parts of the wealth belong to foundations or trusts. Each source delivers its own formats and currencies.
Without consolidation, every question about total wealth becomes manual work in spreadsheets – prone to error and already out of date when it is finished.
What good consolidation achieves
- Look-through: shares in companies and foundations are attributed to the family pro rata, without double counting.
- One reporting currency for everything, with traceable exchange rates.
- Liquid and illiquid assets in the same picture: accounts, custody accounts, real estate, holdings, art and vehicles.
- Performance time-weighted (TWR) for investment results and money-weighted (IRR) for holdings and capital calls.
How FLIORE builds the overview
Bank statements can be imported in camt.053 (ISO 20022) or MT940 format; further assets are recorded directly by the team. FLIORE assigns each position to the right company, foundation or person and consolidates through every level up to the family.
The result is monthly reports in the design of the family office and views for the family in the portal – each showing only the content that has been explicitly shared.
Today and with FLIORE
The comparison shows where a single family office typically saves time when reporting on the family's wealth.
| Task | Typical today | With FLIORE |
|---|---|---|
| Bank data | PDF reports retyped | camt.053 or MT940 import |
| Structures | manual attribution per entity | look-through consolidation |
| Currencies | rates collected by hand | one reporting currency with stored rates |
| Family report | assembled each month | monthly report at the push of a button |
Frequently asked questions
What is a consolidated wealth overview?
A single view of the family wealth across all banks, companies, foundations and countries in one reporting currency.
Are holdings via companies attributed correctly?
Yes. FLIORE consolidates with look-through across all levels and avoids double counting.
Which performance measures are available?
Time-weighted return (TWR), money-weighted return (IRR) and multiple on invested capital (MOIC) for holdings.
How does bank data get into FLIORE?
By importing statements in camt.053 or MT940 format; further assets are recorded directly.
Can the family see the overview?
In the portal, if shared. The family sees only content the family office explicitly makes available.
Sources
- CFA Institute – Global Investment Performance Standards (GIPS)
- ISO 20022 – camt.053 bank statement
- OECD – Common Reporting Standard
This page provides orientation and does not replace legal or tax advice. The cited legal sources in their applicable version are authoritative.
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