Portfolio management, fund management and financial brokerage firms established in Monaco. They manage their clients' investments or pass on their orders to the markets.
Wealth management in Monaco: what you need to know
The management professions
The firms in this category carry out several activities. Portfolio management on behalf of third parties consists of investing a client's assets under a mandate that sets the objectives and the risks accepted. Fund management concerns collective investment funds. Receipt and transmission of orders consists of relaying a client's buy and sell orders on the financial markets. The most frequent code is 6630Y Fund management activities.
Choosing a management company
The management mandate, the asset classes followed, the frequency of reports and the fee structure vary from one firm to another. The client's assets are generally deposited with a bank, separate from the management company. Each company's listing sets out its services; its terms are requested directly.
Neighbouring categories
Private banks also offer wealth management; they are listed under Banks. The overall organisation of a family's wealth falls under the Family Office category.
Frequently asked questions
What is a management mandate?
It is the contract by which a client entrusts the management of their portfolio to a manager. It sets the objectives, the level of risk accepted, the authorised investments and the manager's fees, as well as the frequency of reports.
What does receipt and transmission of orders mean?
The provider receives its client's buy or sell orders and passes them on to an intermediary who executes them on the markets. It does not itself take investment decisions in place of its client.
Where are the assets entrusted to a manager held?
Generally in an account opened in the client's name with a custodian bank. The manager acts on this account under their mandate; these arrangements should be checked before signing.
