Company Management. Florian Fenner Chairman of the Board

Transcription

1

2 2 About Us UFG Wealth Management, a member of the UFG Asset Management Group, was founded in 2005, and is the first independent family office in Russia, with an outstanding reputation for providing tailored investment, legal, and financial solutions for our clients not only in Russia, but throughout numerous jurisdictions and financial centers abroad. Our success is a result of rigorous adherence to our core principles of commitment to innovation, excellence, and client confidentiality. We treat our clients as we do our industry peers: as sophisticated financial managers. In recognition of our growth, development, and leadership position in the market, UFG Wealth Management was designated Family Office of the Year in Russia (2009, 2010) by influential British private banking publication, SPEAR S.

3 3 Company Management Florian Fenner Chairman of the Board Florian Fenner joined UFG as Managing Partner in July He is an experienced investment manager who has directed investments in Russian securities for over 16 years. Prior to joining UFG, from 2000 to 2002, he was Head of the Unifund s Moscow office with responsibility for its Russia portfolio. From 1996, Mr. Fenner served as Deputy Head of Research at Brunswick Brokerage, one of Russia s leading investment banks and, in 1997, he became a Russian equity Portfolio Manager for Brunswick Capital Management. Before joining Brunswick Brokerage, he worked as an investment banker for Schroder Munchmeyer Hengst Co. in their Frankfurt office. Mr. Fenner is a charted financial analyst and holds a degree in banking from Industrie-und Handelskammer in Frankfurt-am-Main ( ).

4 4 Company Management Oksana Kuchura Partner A family office is a unique fusion of financial and legal services, which allows us to address our clients complex and growing needs. Our expertise and unrivaled experience in the provision of family office services enables us to craft working solutions applicable throughout a range of jurisdictions. Oksana Kuchura founded UFG Wealth Management in 2005, and is responsible for all client operations, with a particular focus on the development and execution of investment strategies and asset management. Ms. Kuchura began her career in finance in 1995 in Alma-Ata (Kazakhstan) with a focus on trade operations with international investment companies at Regent European Securities and Global Kazkommerts Securities. In 2001, Ms. Kuchura moved to Russia and Troika Dialog Asset Management, where she was responsible for international development and marketing. In 2002, she assumed the position of Director of Sales with UFG Asset Management, and was directly responsible for raising investment for the company s offshore funds as well as working with foreign institutional investors. During her tenure with UFG Asset Management, the company s assets under management topped $1 billion. In 2005, Ms. Kuchura identified and responded to the growing need for astute and professional structuring and management of private client assets by founding a new core business, which today is UFG Wealth Management. Ms. Kuchura is a graduate of the Kazakh University of International Relations and World Languages.

5 5 Company Management Dmitry Klenov Partner We take extreme pride in having built Russia s first independent family wealth management company, delivering a full range of products and an international standard of operations and services. Dmitry Klenov is one of the leading fiduciary specialists in Russia, with outstanding experience and knowledge of both Russian and international estate planning, trust, tax efficiency, and immigration regulation. Mr. Klenov is also one of Russian s leading legal specialists in the construction, property management and real estate sectors, with more than a decade of senior executive experience with leading Russian companies. Dmitry Klenov joined UFG Wealth Management in 2006, and today heads the company s legal team. Mr. Klenov is responsible for capital structuring, succession planning, client tax and migration services, as well as providing legal support for Mergers & Acquisitions. He provides consultation on sea-going vessel and aircraft acquisition, real estate acquisition, and the financing, leasing, and management of both private and commercial real estate. Mr. Klenov graduated from the Moscow State Institute for Foreign Relations (MGIMO) specializing in International and European Union Law.

6 6 UFG Wealth Management The choice for prosperous individuals to provide: Trusted, multi-disciplined consultants, able to provide a results-driven approach to your family s changing needs; Expert, creative and personalized responses to your family s individual questions, concerns, and issues; Astute, objective, and professional analysis to support you in making the decisions that are right for your family; Strategic management of your family s assets; Consolidated coordination of legal, audit, and other consultants involved in your family s wealth management: ensuring that all parties work together to achieve your family s long-term objectives; Effective preservation and growth of your family s wealth.

7 7 Family Office Effective planning for your family and your wealth UFG Wealth Management clients work and live at the epicenter of dynamic and ever-changing business environments. We recognize that, for them, time is as valuable a commodity as any other. The role of a family office is to help make the most of the myriad of investment opportunities you encounter by simplifying the management process. We streamline your personal wealth management, putting our diverse team of legal and financial experts at your disposal to craft appropriate strategies for the investment of your available funds. We identify and create the optimal legal structure of ownership of your assets, and monitor the on-going efficient and effective management of your assets. Our approach takes into consideration not only your family s needs today, but also projects the right course of action for future generations to come. We take into account your own family s level of hands-on involvement in the day-today operations of your businesses. For active managers and beneficiaries alike, UFG Wealth Management is adept at providing customized solutions to save your family time and money. Our primary aim is to safeguard and grow your family s wealth.

8 8 Consolidated bookkeeping and accounting Securities trading Negotiation and procurement of lombard loans { } Liquid Assets Account Balances Deposits Securities Precious Metals In-depth investment analysis Consulting and creation of an acquisition strategy, including credit finance Negotiation and procurement of secured loans Identification of, and negotiation with potential strategic investors { } Real Estate Personal real estate in your country of residence Personal real estate in a foreign country Commercial real estate in your country of residence Commercial real estate in other countries Sea-going vessels and aircraft Comprehensive reporting and analysis of asset performance Creation of acquisition strategies On-going monitoring of adherence to, and implementation of business plans Identification of, and negotiation with potential strategic investors Fundraising Support in executing timely and profitable sales { } Business Assets Fully-controlled business Partially-controlled business Involvement in a business without implementing control

9 9 The UFG Wealth Management Approach Commitment To Excellence Global Jurisdiction At UFG Wealth Management, we are dedicated to upholding the expectations and trust our clients place in us: our focus is to develop the most capable team of multidisciplined experts in the market, who share our clients goals to safeguard their best interests today, ensuring continuity and growth for the future. We recognize that successful wealth management means global wealth management, and for this reason, our expertise extends to legal, tax, and financial operations in numerous countries and global financial centers. This range enables us to provide personalized strategies that meet your family s specific needs. Direct Relationship Longevity, Continuity, Trust We believe that one of the cornerstones of wealth management is a direct and uncompromised relationship with each of our valued clients, and we measure our reward solely in terms of the expansion of this base. At UFG Wealth Management we do not, under any circumstances, accept commission or royalties from third parties. We believe this is the best way to ensure that our advice is completely impartial, and our sole motivation remains acting in our clients best interests. As founders of Russia s first family office, we understand that effective wealth management does not just manage and streamline your assets today, but also ensures that future generations will benefit from their safekeeping and growth through careful, forwardthinking planning. We achieve this through building a long-term relationship with you: keeping both the immediate and distant futures constantly on the horizon, striving to improve your quality of life, and the quality of life for future generations to come.

10 10 Confidentiality We regard confidentiality and discretion as inherent parts of everything we do. We know that our clients expect nothing less.

11 11 Structured Assets and Capital The optimal time to contemplate issues such as appropriate asset ownership and management structure is when you are starting your business. Unfortunately, history shows that many successful business owners, despite their best intentions, overlook or delay these important decisions, and often unwittingly create risks not only for themselves, but also for future generations to come. Understanding the difference between concepts such as simple ownership, or multiplying capital lies in the ability to accurately gauge the future and confidently deploy the resources available to you. UFG Wealth Management provides the expertise and experience to: Create and optimize holding structures for diverse family assets; Facilitate the purchase or acquisition of new businesses and assets with in-depth financial analysis of targets, as well as expert legal support in actual deal execution; Devise strategies for restructuring, sale of businesses, or fundraising from external sources; Delineate and separate your personal assets from your business assets; Provide on-going legal support and consultation to ensure your decision-making is aligned with your long-term wealth management goals; Execute astute financial analysis to calculate the optimal balance of assets; Organize risk management and insurance to safeguard your property.

12 12 Investment consulting At UFG Wealth Management, we understand that each family s investment needs are different, and based on numerous factors: both tangible and intangible. Our ambitious goal for your family is to achieve an ideal balance between risk and profitability within a clearly defined investment objective. Next, we look at the best way to implement your investment goals given the realities of the market. If, for example, your goal is to invest in civil aviation, our task is to offer you a full range of investment strategies: from purchasing shares in a publicly traded company such as Boeing, to acquiring a small aircraft and leasing it out. We provide detailed analysis of all the variables of each scenario, including market movements, fluctuations in the price of fuel, projections of the cost of aircraft maintenance and calculations on the employment of crew. Our careful analysis of all of your possible investment strategies is designed to help you make an informed decision, which is in line with your family s needs. We believe that this approach saves you time, and, ultimately, money. We recognize that market conditions fluctuate, but whatever the investment climate, our expert team is on hand to: Formulate a comprehensive, long-term investment strategy tailored to the needs of your family; Assist in defining your investment objectives, taking into account your tangible and intangible needs; Propose the broadest possible range of investment opportunities, achieving an optimal balance between risk and reward; Identify industry-leading managers for each specific asset type, then distribute and manage their mandates; Organize loans secured against your assets, optimizing favorable returns for financing; Monitor the effectiveness of your investments on an on-going basis.

13 13 Financial Administration and Tax Planning At UFG Wealth Management, we recognize the importance of providing you with clear, concise, and in-depth reporting of your entire financial situation on a regular basis. We take pride in our consolidated financial reporting, which delivers not only detailed analysis of the performance of your investment strategies, but also a comprehensive overall financial picture, including all your tax implications. We know that an on-going professional review of your family s tax situation is crucial to achieving your long-term goals, and can preserve up to a third of your annual income. For this reason, we retain a highly capable team of tax specialists who are well versed in cross-border tax consulting, tax filing, tax administration, and reporting. UFG Wealth Management s administration and tax planning services include: Consolidation, monitoring, and accounting of all cross-border cash flows; Tailored tax planning and reporting, on behalf of your family, including filing for all appropriate countries and jurisdictions; Cash flow and expenditure projections, monitoring, and control; Preparation of budgets for your family s investment projects, and effective control to ensure they are adhered to; Support in opening bank accounts and applying for credit cards; Family bookkeeping.

14 14 Succession Planning Many of UFG Wealth Management s clients are first-generation entrepreneurs. Having created their wealth from scratch in the last two decades, they come to us to create an effective succession plan from scratch as well: one that will ensure the smooth hereditary transfer of assets and joint business ownership to their loved ones. We offer expert preparation of documents and investment strategies to help achieve this, but we understand that this is only part of a successful succession plan. Our approach goes further, assisting successors in becoming educated and informed about the details and responsibilities of their inheritance, through effective mentoring and emotional training. We believe that well-grounded successors are the best custodians of your family s wealth and reputation. UFG Wealth Management s succession planning services include: Creation of an overall capital ownership strategy for your family; Tailoring appropriate legal structures to ensure the smooth hereditary transfer of assets while minimizing expenses; Ensuring confidentiality about the distribution of wealth within your family; Consultation and recommendations about your successors education; Assistance to successors in the transfer and eventual control of their capital; Establishment of philanthropic legacies and instruments.

15 15 Expanding your horizons UFG Wealth Management s primary goals are to safeguard, and grow your family s wealth, while streamlining your financial administration to optimize your time and money. In doing so, it is our hope that you will be better able to pursue all of your interests, passions, and dreams. Our expert team is well versed in a wide range of today s luxury and lifestyle services, and can help you access these, while avoiding the pitfalls of luxury market. Buying an art gallery, vacationing on a desert island, or organizing your children s education our team is ready to research and execute these and a host of other quality services and goods. Here are just a few: Identify professional consultants in fields as diverse as antiques, collectible art, yachting or motorcar racing; Assist in the acquisition, sale, lease, and management of property in Russia and throughout the world; Select educational institutions, language training, and study programs; Render emergency legal assistance to family members.

16 16 UFG Wealth Management Your first call for peace of mind We are extremely proud of building Russia s first family office, true to the best traditions of family offices worldwide, with a unique team of specialists and consultants who have a deep understanding of the specifics of the Russian market as well as tenure with global financial institutions, legal firms, and family offices. The foundation of our relationship with our clients is trust and an individual approach to each family s aspirations, needs, and strategies. We understand the mission of our family office is to go beyond traditional legal and financial consulting: helping each family define its goals, plan for the future, and achieve peace of mind. We are always pleased when our clients describe UFG Wealth Management as one big family. We are proud that they consider us the first port of call for advice and support. We would be delighted to make you part of our family too. Welcome to the Family!

17 Representative Office: UFG Wealth Management Ltd Russia, Moscow 5 Petrovka Street Tel: info@ufgwm.com