Consolidated wealth
consolidated wealth reporting
Other languages: Deutsch · Français · Español
The overall view of a family's wealth across all banks, structures and currencies in one reporting currency.
It requires current valuations, reliable exchange rates and correct shareholding percentages.
In practice
In practice, consolidated wealth combines bank data, valuations of unlisted assets such as real estate, private equity or art, and liabilities. Each position carries its valuation date and source, so that the overall figure can be explained. Reports show the wealth by asset class, structure, currency and family member, and the history makes changes visible over time.
Distinctions and common mistakes
A consolidated total is only as reliable as its weakest valuation. Typical mistakes are outdated valuations of illiquid assets presented alongside daily bank prices without a date, and liabilities or guarantees that are left out.
Relevant in: EU-wide
Related terms
- Look-through consolidation
- Consolidation of wealth across several structural levels, pro rata according to the shareholding percentages.
- Time-weighted return
- A return measure that neutralises the effect of contributions and withdrawals and thus measures the performance of the asset management.
Mentioned in these guides
- What is a family office?What a family office is, what it does, how single and multi family offices differ and when a family needs one – a clear, sourced overview.
- Setting up a single family office in SwitzerlandHow to set up a single family office in Switzerland: mandate, legal form, licensing under FinIA, governance, team and the systems to put in place first.
- Virtual family office: lean core, strong networkWhat a virtual family office is, who it suits, how a lean core coordinates external specialists and why a shared data foundation is the key requirement.
- DAC8 and CARF: reporting of crypto-assetsWhat DAC8 and the OECD Crypto-Asset Reporting Framework mean for family offices holding crypto-assets: timeline in the EU and Switzerland and how to prepare.
- Swiss inheritance law: forced heirship since the 2023 reformHow the 2023 reform changed forced heirship shares in Switzerland: descendants, spouses, parents and the freely disposable portion, with examples for planning.
- Software for the single family officeSingle family office software: the whole family structure, consolidated wealth across all banks, documents with deadlines and compliance evidence in one system.
- Single vs. multi family office: the differencesSingle or multi family office? Differences in mandate, cost, regulation, confidentiality and organisation – with a comparison table and notes on software.
- Software for managing foundationsSoftware for foundations: board resolutions, documents, assets and deadlines in one place, with clear roles, four-eyes approvals and an audit trail.