Global Family Offices

Sample entries of Global Family Offices

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Sample Profiles for Global Family Offices
Sample Profiles for Global Family Offices
Australia
Myer Family Office Ltd
MAIN ADDRESS
Level 18, 8 Exhibition Street, Melbourne,
Victoria, VIC 3000, Australia
Tel: +61 3 9207 3000; Fax: +60 3 9207 3001
Email: info@mfo.com.au
Web: www.mfo.com.au
PARENT COMPANY
The Myer Family Company Pty Ltd
PRINCIPAL ADDITIONAL OFFICES
Myer Family Office Ltd, Level 30, 20 Bond
Street, Sydney, New South Wales, NSW
2000, Australia
Email: info@mfo.com.au
Web: www.mfo.com.au
DIRECTORS’ NAMES AND JOB TITLES
Mr Charles Clark, Chairman
Mr Graham Reeve, Managing Director
Mr Rupert Myer AM, Chairman, The Myer
Family Company Pty Ltd
Mr Sidney Myer, Director, The Myer Family
Company Pty Ltd
1
Mr John Paterson, Director
Mr Peter Hodgson, Group Chief Executive
Officer, The Myer Family Company Pty Ltd
Ms Janine Ferguson, Chief Financial Officer,
The Myer family Company Pty Ltd
MANAGEMENT NAMES AND JOB TITLES
Mr Matthew Browning, Head of Investment
Mr Keith Drewery, Head of Family Wealth
Management, Sydney
Mrs Alison Foenander, Senior Client Adviser
Mr Michael Smolders, Head of Family Wealth
Management, Melbourne
Mr Jason Swan, Senior Client Adviser
Mr Peter Winneke, Head of Philanthropic
Services
Ms Nancy Catanzariti, Client Adviser
Mr Miles Collins, Manager, Investment
Research & Advisory
Mr Tim Evans, Manager, Investment
Reporting & Unit Pricing
Mr Peter Fairchild, Manager, Legal &
Compliance
Mr Dale Sanftl, Client Adviser
Ms Farren Williams, Investment Adviser
MINIMUM ASSET VALUE REQUIRED PER
CLIENT
$30 million
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SAMPLE PROFILES FOR GLOBAL FAMILY OFFICES
FEES CHARGED
Investment Advice
0.5% pa of funds under advice. This includes
advice on financial products.
Custody and Investment Reporting
0.3% p.a. up to $1 million of funds under
custody, 0.15% p.a. from $1 million up to $5
million, 0.05% from $5 million to $50 million
and thereafter by negotiation. The minimum
fee is $200.
MF Cash Management Fund
0.9% p.a. of the total value of funds on
deposit calculated daily and paid monthly.
MFO is also entitled to recover certain out-of
pocket expenses totalling approximately
0.05% pa.
Accounting, Taxation, Estate Planning
and Generational Change
Between $150 and $650 per hour, depending
upon the charge out rate of the staff
involved.
ANALYSIS OF BUSINESS
The Myer Family Office Ltd was incorporated
in June 1986 and is an unlisted public
company which is 75% owned by the Myer
Family and 25% by the Maple-Brown Family.
As a multi-family office, the firm provides a
variety of investment and family wealth
services to ultra high net-worth individuals,
families, companies, trusts, charities and
foundations.
The firm made the transition from a single
to a multi-family office in 1999. Currently the
Myer family Office has over 50 UHNW
families as clients. The minimum level of
assets required to become a client is $30
million.
The Myer Family Office invests on behalf
of members of the Myer family as well as
non-family members; however the Myer
Family Company is an entity used solely by
members of the Myer family.
Comprehensive family wealth
management services cover investment
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2
selection and management, portfolio
administration, tax planning and accounting,
cash flow planning, estate and inheritance
planning, philanthropy, and banking, with all
services supported through regular reporting.
Sales revenue for the Myer Family Office
in 2009 was $9.035 million (2008: $8.311
million), with 2009 profits of $0.431 million.
However the P & L account had accumulated
losses of $856 million. Remuneration to
management rose to $3.93 million from $2.39
million in 2008. The firm employs 62 staff.
The Myer Family Office accounts for 2009
do not yet include the proceeds of $2.4
billion from the float of the Myer department
store. Current assets under management of
the Myer family Office are estimated by
Highworth Research to be in excess of $1.5
billion.
SUMMARY FINANCIAL STATEMENT
2009 2008
($ million) ($ million)
Pretax profit: 1,500.432 0.289
Assets under
management: 1,500.432
YEAR FOUNDED
1986
SERVICES OFFERED
l Asset protection – Family Office Services;
Estate Planning; Philanthropy Services;
Trusts; Tax Planning; Foundations;
Pensions; Insurance Products
l Banking Services – Card Services; Credit
Products; Current Accounts; Deposits
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds;
Commodities; Derivatives; Hedge Funds;
Real Estate; Structured Products; Private
Equity; Mutual Funds; Equities; Fixed
Income Funds
 LIECHTENSTEIN

Dr. André Lagger, CEO Operations &

Liechtenstein Technology
Mr Roberto Paganoni, CEO Alternative Asset
Management
LGT Group
Mr Olivier de Perregaux, LGT Group CFO
MAIN ADDRESS Mr Torsten De Santos, CEO Traditional Asset
Herrengasse 12, Vaduz, FL-9490, Management
Liechtenstein Mr Thomas Piske, CEO Wealth Management
Tel: +423 235 11 22; Fax: +423 235 15 22 International
Email: info@lgt.com Mr Norbert Biedermann, Stellvertretender
Web: www.lgt.com Vorsitzender
Mr Paul Goldi, Manager
SUBSIDIARIES AND ASSOCIATED COMPANIES Ms Elizabeth Zwicky, Director
RELATED TO PRIVATE BANKING Mr Ralph Kotesovec, Manager
l LGT Capital Management Ltd. Mr Stephan Tanner, Manager
l LGT Financial Services Ltd
l LGT Group Foundation ANALYSIS OF BUSINESS
l LGT Service Center Bendern The LGT Group is the wealth and asset
l LGT Treuhand AG management group of the Princely House of
Liechtenstein. It offers its services to private
PRINCIPAL ADDITIONAL OFFICES clients, private investors and institutional
LGT Bank in Liechtenstein & Co. OHG, investors. LGT has 1,700 employees in 29
Berlin, Kurfürstendamm 36, Berlin, locations in Europe, Asia, the Middle East
D-10719, Germany and the Americas.
Fax: +49 30 889 288 40 LGT Wealth Management offers personal
Email: lgt.deutschland@lgt.com support for high and ultra high net worth
Web: www.lgt.com private clients through the provision of
LGT Bank (Ireland) Limited, Segrave House, investment advisory and asset management
19/20 Earlsfort Terrace, Dublin 2, Ireland services, financial planning (pension and
Fax: +353 1 433 74 13 succession planning, taxmanagement and
Email: lgt.eire@lgt.com planning), provision of loans and financing,
Web: www.lgt.com the establishment and management of trusts
and foundations, and art consulting services
LGT Bank (Österreich) AG, Kantgasse 1, for those with private art collections.
Wien, A-1010, Austria As the Family Office of the Princely Family
Fax: +43 1 22759-6790 of Liechtenstein, LGT has extensive
Email: lgt.austria@lgt.com experience over decades of the structuring
Web: www.lgt.com and management of substantial family assets.
LGT Bank (Switzerland) Ltd, Basel, Lange LGT Asset Management provides access to
Gasse 15, P.O. Box, Basel, CH-4002, investment opportunities internationally. This
Switzerland division of LGT offers a selection of
Fax: +41 61 277 55 88 internationally sourced investment managers
Email: lgt.ch@lgt.com in traditional and alternative asset classes, as
Web: www.lgt.com well as the development and optimisation of
asset allocation models and of investment
DIRECTORS’ NAMES AND JOB TITLES processes, products and solutions.
Prince Max von und zu Liechtenstein LGT Significant events for the bank in 2009
Group CEO included the acquisition of Dresdner Bank

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SAMPLE PROFILES FOR GLOBAL FAMILY OFFICES
(Switzerland) in December and the sale of
LGT’s trust and fiduciary businesses in early
2009.
Despite a reduction of 22% in pretax
profits for 2009 to CHF 155.7m, and a
reduction in group net profits of 35% to CHF
106 m., assets under management grew
13.6% to CHF 89 billion.
SUMMARY FINANCIAL STATEMENT
2009 2008
(CHF million) (CHF million)
Pretax profit: 22,155.7 22,200.2
Total assets: 24,800.7 22,800.7
Assets under
management: 89,000.7 78,300.7
SERVICES OFFERED
l Asset protection – Family Office Services;
Estate Planning; Trusts; Tax Planning;
Foundations; Pensions; Insurance Products
l Banking Services – Deposits; Mortgages
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds;
Commodities; Derivatives; Hedge Funds;
Real Estate; Equities; Foreign Exchange;
Fixed Income Funds
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4
Monaco
Monaco Asset Management
MAIN ADDRESS
Villa les Fleurs, Boulevard Princesse
Charlotte 27, MC 98000, Monaco
Tel: +(377) 97 97 64 00; Fax: +(377) 97 97
64 01
Web: www.mirelis.ch
PARENT COMPANY
Mirelis InvesTrust SA
DIRECTORS’ NAMES AND JOB TITLES
Mr Gian Luca Braggiotti, President
Mr Anthony Torriani, Directeur General
Mr Solly Alain Lawi, Directeur
Mr Christopher D. Le Vine, Directeur
Mr Patrice Pastor, Directeur
Mr Gaetan de Chezelles, Directeur
Mr David Godfrey, Directeur
Mr Michel Laurancon, Directeur
Mr Pier Andre Chiappori, Directeur
ANALYSIS OF BUSINESS
Monaco Asset Management SAM (MAM) has
been an independent wealth management
company based in Monaco since 1999. It is
managed by Mr. Anthony Torriani, the CEO,
founder and a major shareholder. In June
2006, within the framework of an expansion
policy, the shareholding was widened to
include Messrs J.-L. Braggiotti and Patrick
Pastor who acquired 40% of the shares of the
company and became members of the Board
of Directors. Mirelis Investrust SA, the Swiss
multi-family office, is a shareholder in the
company, and is represented on the Board
by Mr Solly Alain Lawi.
Private wealth management and the
provision of family office services for ultra
high net worth clients are the core business
of the firm. MAM also advises on inheritance
planning, international tax arrangements and
the creation of trusts, family foundations,
corporations or holding companies by

coordinating the relevant expertise from
external professionals where necessary.
Activities in Monaco have been expanded
to service families of substantial wealth
seeking advice on the preservation and
growth of their assets. Monaco Asset
Management SAM assists the UHNW families
in establishing strategies for estate planning,
trust formation, tax and insurance planning,
in order to secure efficient devolution of
inter-generational wealth. The company also
provides investment advisory services and
discretionary investment management,
including portfolio structuring, asset
allocation and consolidated performance
reporting.
As a securities dealing institution, the
company offers international money transfers
and cashiers services, fiduciary deposits with
prime banks, stocks and bonds brokerage
and options & futures trading. Monaco Asset
Management SAM also offers Lombard credit
facilities and guaranties for clients who wish
to pledge and assign the financial assets held
in their portfolio.
SUMMARY FINANCIAL STATEMENT
2009 2008
(CHF million) (CHF million)
Assets under
management: 1,785 1,170
YEAR FOUNDED
1999
SERVICES OFFERED
l Asset protection – Family Office Services;
Estate Planning; Philanthropy Services;
Trusts; Tax Planning; Foundations;
Insurance Products
l Banking Services – Deposits
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds;
Commodities; Derivatives; Hedge Funds;
Real Estate; Structured Products; Private
Equity; Mutual Funds; Equities; Foreign
Exchange; Fixed Income Funds
5
SWITZERLAND
Switzerland
Abegg Holding AG
MAIN ADDRESS
Bahnhofstrasse 30, Zurich, 8001, Switzerland
Tel: 043 443 7272; Fax: 043 443 7273
DIRECTORS’ NAMES AND JOB TITLES
Mr Henry C.M. Bodmer, President
Mr Peter Altorfer, Director
Mr Georg Weber, Director
MANAGEMENT NAMES AND JOB TITLES
Mr Juerg Forster, Director
ANALYSIS OF BUSINESS
Abegg Holding AG is the family office of the
Bodmer family headed by Henry Bodmer;
the family’s fortune originated in silk
manufacturing in the 18th century. Abegg
Holding AG primarily manages the assets of
the Bodmer family which include shares in
companies Hubner + Suhner, and Sihl
Manegg Immobilien AGl among others.
Assets under management are estimated at
approximately CHF 600 million.
SUMMARY FINANCIAL STATEMENT
2009
(CHF million)
Assets under
management: 600
YEAR FOUNDED
1956
SERVICES OFFERED
l Asset protection – Family Office Services
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds; Real
Estate; Equities; Fixed Income Funds
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SAMPLE PROFILES FOR GLOBAL FAMILY OFFICES
Sandoz Family Office SA
MAIN ADDRESS
Avenue General-Guisan 85, Pully, 1009,
Switzerland
Tel: +41 21 721 1339; Fax: +41 21 721 1334
Web: www.sandozfondation.ch
DIRECTORS’ NAMES AND JOB TITLES
Mr Pierre Landolt, Chairman
Mr Olivier Verrey, Director
Mr Gabriel Pretre, Director
ANALYSIS OF BUSINESS
The Fondation Sandoz was established in
1964 by the sculptor and painter
Edouard-Marcel Sandoz, the son of the
founder of Sandoz SA of Basel (now Novartis
SA). In 1996 Sandoz merged with Ciba to
form Novartis. The Sandoz Family
Foundation retains a minority stake in
Novartis.
The aim of the Family Foundation is to
serve the Sandoz heirs, the Landolt-Sandoz
family, through the encouragement of
entrepreneurial commitment through
long-term holdings in companies in a variety
of sectors. Apart from commercial criteria,
the Foundation is dedicated to the
encouragment of entrepreneurship and
innovation as well as to the cultivation of
Swiss entrepreneurial tradition. In addition,
its investments have as a strategic objective
the commitment to the preservation of high
quality and the protection of fundamental
social values.
The Foundation is invested in the
pharmaceutical industry (Novartis),
agribusiness (Syngenta), the ownership of
luxury hotels in Switzerland such as the
Roffelalp de Zermatt and the Beau Rivage
Palace in Lausanne, the watch industry
(through Parmigiani Fleurier, and Vaucher
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6
among other companies),
telecommunications (through a stake in
Tiscali), the printing industry (PCL Presses
Centrales SA), and the internet through a
variety of organisations and holding
companies.
The operative leadership of the
Foundation resides with the management
and is presided over by Pierre Landolt as the
representative of the family. Other members
of management are Maitre Olivier Verney
and Gabriel Pretre, the Secretary General of
the Foundation and CFO.
The Landolt family is also associated with
the private Banque Landolt in Lausanne,
where Pierre Landolt is an Associate
Director. The Sandoz Foundation also used
to have 100% ownership of a further Swiss
private bank, Banque Edouard Constant until
its merger with EFG in 2004.
Assets under management of the
Fondation Sandoz are estimated at CHF 6
billion.
SUMMARY FINANCIAL STATEMENT
2009
(CHF million)
Assets under
management: 6,000
YEAR FOUNDED
1964
SERVICES OFFERED
l Asset protection – Family Office Services;
Philanthropy Services; Trusts; Foundations
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds;
Commodities; Real Estate; Equities; Fixed
Income Funds

United Arab Emirates
Novaar Capital Management Ltd
MAIN ADDRESS
Level 41, Emirates Towers, P.O. Box 31303,
Dubai, United Arab Emirates
DIRECTORS’ NAMES AND JOB TITLES
Mr Michael Williams, Director
Mr Bandar Al Ghulaiga, Director
Mr Matthew Ryan, Legal Counsel
Mr David Mapplebeck, Chief Investment
Officer
ANALYSIS OF BUSINESS
Novaar Capital Management Ltd is is a
sovereign affiliated private investment office
established by members of the Royal Family
of Saudi Arabia. The company describes
itself as designed to serve the investment
requirements of politically exposed families,
institutions and related operating concerns.
The company was originally established in
February 2009 as a single family office
providing private investment management
and financial advisory services to H.R.H.
Prince Saud bin Mansour bin Faisal bin Saud
bin Abdul Aziz Al Saud, and participating
members of his family, with Prince Saud as
the major shareholder in the company.
Established within the Dubai International
Financial Centre, the formation of Novaar Ltd
7
UNITED ARAB EMIRATES
was advised by one of the largest family
offices in Europe, Harald Quandt Holding
(see separate profile in the German section
of this database), the multi-family office of
the heirs of Harald Quandt, and by Novati
Group International, an asset management
firm based in Dallas, Texas.
Investments made to date by Novaar
include $750 million in a joint venture with
the Russian government entity Ural
Industrial-Ural Polar to develop transport and
power generation infrastructure requirements
in the Urals Federal District in which 92% of
Russia’s gas production, 66% of its oil
production and a substantial proportion of
its ferrous and non-ferrous mineral wealth is
based.
YEAR FOUNDED
2009
SERVICES OFFERED
l Asset protection – Family Office Services;
Philanthropy Services; Trusts; Foundations
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds;
Commodities; Derivatives; Hedge Funds;
Real Estate; Private Equity; Offshore
Funds; Sharia Compliant Investments;
Equities; Fixed Income Funds
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SAMPLE PROFILES FOR GLOBAL FAMILY OFFICES
United Kingdom
Sand Aire Limited
MAIN ADDRESS
101 Wigmore Street, London, W1U 1QU,
United Kingdom
Tel: +44 (0) 207 290 5200; Fax: +44 (0) 207
495 0240
Email: info@sandaire.com
Web: www.sandaire.com
DIRECTORS’ NAMES AND JOB TITLES
Mr Alexander Scott, Executive Chairman
Email: alexander.scott@sandaire.com
Mr Marcus Gregson, Joint Deputy Chairman
Email: marcus.gregson@sandaire.com
Mr David Craig, Joint Deputy Chairman
Email: david.craig@sandaire.com
Mr Marc Hendriks, Chief Investment Officer
Email: marc.hendriks@sandaire.com
MANAGEMENT NAMES AND JOB TITLES
Mr Paul Reynolds, Director, Wealth
Management
Email: paul.reynolds@sandaire.com
Mr Simon Paul, Head of Client Services
Email: simon.paul@sandaire.com
Mr Michael Zacharia, Investment Executive
Email: michael.zachara@sandaire.com
Mr Bruce Offergelt, Finance Director
Email: bruce.offergelt@sandaire.com
Ms Laura Russell-Young, Head of Operations
Email: laura.russell-young@sandaire.com
Mr Frank Jonuschat, Senior Portfolio
Manager
Email: frank.jonuschat@sandaire.com
Mr Charles Peacock, Director, Wealth
Management
Email: charles.peacock@sandaire.com
Ms Karen Clark, Director of Wealth
Management
Email: karen.clark@sandaire.com
Ms Katie Ferry, Assistant, Wealth
Management
Email: katie.ferry@sandaire.com
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8
NUMBER OF CLIENTS
17
MINIMUM ASSET VALUE REQUIRED PER
CLIENT
£25,000,000
ANALYSIS OF BUSINESS
Sand Aire was established in 1996 to manage
the assets of the family and trusts which
were shareholders of the Provincial
Insurance Company plc, which was founded
by Sir James Scott in 1903. In 1994, the
shareholders undertook a strategic exit from
the insurance industry. The sale of Provincial
Insurance to UAP, one of Europe’s largest
insurance groups which subsequently
merged with AXA, was negotiated
successfully, and Sand Aire was created as
the family office which would take care of
the majority of the proceeds from the
disposal.
The business has become a multi-client
family office and now manages the wealth of
a number of compatible families, trusts and
charities. In 2005 Sand Aire disposed of its
private equity business to concentrate solely
on the multi-client family office market. Early
in 2006 the business was merged with
Northbridge, another multi-client family
office. Sand Aire is today jointly owned by its
founding family and employees and the
founding shareholders of Northbridge.
Sand Aire offers three main services:
* Investment Services, in which a tailored
absolute returns based capital and income
investment strategy is applied, blending
market driven Beta strategies and specific
opportunity Alpha strategies; additionally an
open architecture, multi-manager investment
approach provides access to a wide range of
investment expertise.
* Wealth Administration is also offered,
which is designed to take care of planning
and managing the financial responsibilities
and lifestyle requirements of clients and their
families through liaison with tax advisers,
lawyers and trustees, incorporating

companies, financial accounting and
reporting, real estate purchase and
management, security, art advisory, and
administration of charitable foundations.
* Consultancy Services, in which wealth
management strategies are devised by
specialist consultants within the families,
trusts or charities groups.
The majority of Sand Aire’s 17 family
clients have investable funds of more than
US$ 40 million. Sand Aire oversees a total of
US $ 2 billion (£1.3 billion) of assets under
management.
SUMMARY FINANCIAL STATEMENT
2009 2008
(£ million) (£ million)
Assets under
management: 1,800 1,250
YEAR FOUNDED
1996
SERVICES OFFERED
l Asset protection – Family Office Services;
Estate Planning; Philanthropy Services;
Trusts; Tax Planning; Foundations
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds; Capital
Protection Products; Commodities;
Derivatives; Hedge Funds; Real Estate;
Structured Products; Private Equity;
Offshore Funds; Equities; Fixed Income
Funds
l Other Services – Art advisory, social and
educational programmes
9
USA
USA
Altair Advisers LLC
MAIN ADDRESS
303 West Madison Street, Suite 600, Chicago,
Illinois, 60606, USA
Tel: 312 429 3000
Email: info@altairadvisers.com
DIRECTORS’ NAMES AND JOB TITLES
Mr Steven Weinstein, President
Email: sweinstein@altairadvisers.com
Mr Richard Black, Managing Director, Legal
& Compliance
Email: rblack@altairadvisers.com
Mr Bryan Malis, Managing Director & Chief
Investment Officer
Email: bmalis@altairadvisers.com
Ms Rebekah Komesher, Director of
Investment Operations
Email: rkohmescher@altairadvisers.com
Mr Jason Laurie, Director, Client Services &
Business Development
Email: jlaurie@altairadvisers.com
Mr Michael Murray, Director, Client Services
& Investments
Email: mmurray@altairadvisers.com
Mr Brett Rentmeester, Director, Client
Services & Business development
Email: bkrentmeester@altairadvisers.com
Mr Donald Sorota, Director, Client Services &
Business Development
Email: dsorota@altairadvisers.com
MANAGEMENT NAMES AND JOB TITLES
Mr Matthew Gaines, Consultant, Investment
Advisory
Email: mgaines@altairadvisers.com
Ms Rebecca Gerchenson, Consultant,
Investment Advisory
Email: rgerchenson@altairadvisers.com
Mr Jeffrey Pietryla, Associate Consultant,
Client Relations
Email: jpietryla@altairadvisers.com
Mr Michael Rodenbaugh, Senior Consultant
Email: mrodenbaugh@altairadvisers.com
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SAMPLE PROFILES FOR GLOBAL FAMILY OFFICES
Mr Daniel Tzonev, Consultant
Email: dtzonev@altairadvisers.com
Mr Paul Courtney, Research Analyst
Email: pcourtney@altairadvisers.com
Mr Aaron Dirlam, Manager of Research
Email: adirlam@altairadvisers.com
Mr Aslam Rawoof, Research Analyst
Email: arawoof@altairadvisers.com
Ms Claire Browne, Manager of Investment
Operations & Compliance
Email: cbrowne@altairadvisers.com
Ms Adriana Haro, Performance Analyst
Email: aharo@altairadvisers.com
Mr Jason Lister, Manager of Client Reporting
& Administration
Email: jlister@altairadvisers.com
Mr Jason Schultz, Client Administration
Specialist
Email: jschultz@altairadvisers.com
Ms Anna Stith, Client Administrator
Email: astith@altairadvisers.com
Ms Denise Turcott, Client Administrator
Email: dturcott@altairadvisers.com
Ms Anna Squire, Marketing Coordinator
Email: asquire@altairadvisers.com
Mr James Walter, Director of Administration
& Controller
Email: jwalter@altairadvisers.com
NUMBER OF CLIENTS
200
MINIMUM ASSET VALUE REQUIRED PER
CLIENT
$10 million
HIGH NET WORTH CLIENTS FROM
$10,000,000
ANALYSIS OF BUSINESS
Altair was founded in 2002 by former staff of
the Investment Advisory Service of Arthur
Andersen’s Chicago office. The business now
provides investment advisory and family
office services for 200 clients and manages
$2.3 billion on their behalf, leading to an
average client portfolio size of $ 11 million.
Altair provides asset allocation services to
clients and then selects managers on an
© Copyright Highworth Research 2010
10
open architecture basis, as well as
collaborating with external tax advisers, and
providers of fiduciary services to ensure
optimisation of client interests.
SUMMARY FINANCIAL STATEMENT
2009 2008
(USD million) (USD million)
Assets under
management: 2,300 2,087
YEAR FOUNDED
2002
SERVICES OFFERED
l Asset protection – Family Office Services;
Estate Planning; Trusts; Tax Planning;
Foundations; Pensions; Insurance Products
l Banking Services – Credit Products
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds; Capital
Protection Products; Commodities;
Derivatives; Real Estate; Private Equity;
Equities; Fixed Income Funds
Hirtle, Callaghan & Co., LLC
MAIN ADDRESS
Five Tower Bridge, 300 Barr Harbor Drive,
Suite 500, West Conshohocken, PA, 19428,
USA
Tel: 610 828 7200; Fax: 610 828 7425
Email: letters@hirtlecallaghan.com
Web: www.hirtlecallaghan.com
MANAGEMENT NAMES AND JOB TITLES
Mr Jonathan J. Hirtle, Co-Founder & CEO
Mr Donald E. Callaghan, Co-Founder
Mr Robert J. Zion, Chief Operating Officer
Mr William Curran, Chief Investment Officer
Mr Paul Dokas, Vice President, Planning &
Analysis
Mr Erik Almqvist, Vice President
Mr Joseph Annarelli, Vice President
Ms Alison Hefele Bonney, Investment Officer
Mr Taylor Fairman, Investment Officer
Mr Brian Gray, Investment Officer

Mr Randall Birkett, Regional Director
Ms Claire Hendrick, Principal
Mr Eric Newman, Director of H.R.
Mr Tom Cowhey, Chief Investment Strategist
Mr Kevin Byrne, Compliance Manager
NUMBER OF CLIENTS
415
MINIMUM ASSET VALUE REQUIRED PER
CLIENT
$10 million
HIGH NET WORTH CLIENTS FROM
$10,000,000
NUMBER OF RELATIONSHIP MANAGERS
19
ANALYSIS OF BUSINESS
Hirtle, Callaghan is a multi-family office with
over $16 billion in assets under management
on behalf of approximately 415 UHNW
families and individuals. The minimum
investable assets required from a new client
is $10 million, although the average client
has nearly four times that minimum under
management with the firm.
11
USA
Hirtle, Callaghan’s investment approach is
to allocate capital for clients to globally
diversified, multi-asset class portfolios which
are run by independent, specialist fund
managers. Hirtle, Callaghan undertakes the
money manager search, selection and
supervision, including the selection of
managers of alternatives, and the evaluation
of private equity programs and hedge fund
performance. Each portfolio is custom
designed for each client
SUMMARY FINANCIAL STATEMENT
2009 2008
(USD million) (USD million)
Assets under
management: 16,000 15,400
SERVICES OFFERED
l Asset protection – Family Office Services;
Estate Planning; Philanthropy Services;
Trusts; Tax Planning; Foundations
l Investment management – Advisory
Management; Asset Allocation Strategies;
Discretionary Management; Bonds; Capital
Protection Products; Commodities;
Derivatives; Hedge Funds; Real Estate;
Structured Products; Private Equity;
Equities
© Copyright Highworth Research 2010