Novum Partners Geneva develops sustainable asset structures that meet the changing needs of wealthy families across generations.
Geneva-based Novum Partners SA, formerly known as Novum Capital Partners SA, focuses on developing long-term asset structures that ensure both legal stability and operational flexibility. The focus is on sustainable family office services tailored to the specific needs of multi-generational wealth planning.
Novum Partners Geneva specialises in the complex challenges of long-term wealth planning and develops structures that stand the test of time. The company not only takes current tax and legal frameworks into account, but also anticipates future developments in the international wealth landscape. This forward-looking approach enables us to create robust solutions that remain effective even as political and economic conditions change.
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Think in terms of time periods, not just annual cycles
Thinking long term means planning differently. Sounds trivial? It’s anything but in practice. Most asset managers focus on quarterly or, at best, annual performance. Understandable – clients want to see results.
However, real asset structures are not created in quarters. They take years, sometimes decades. And they must survive events that no one can foresee today.
Novum Partners SA, formerly known as Novum Capital Partners SA, has made this long-term perspective its trademark. Short-term opportunities are not ignored, but always evaluated in the context of the overall strategy.
A practical example: a family is planning to hand over the business. From a tax perspective, it would be best to sell in two years. But are the descendants ready? Is the market situation right for the family? Sometimes it is better to wait, even if it seems less optimal from a tax perspective.
Generational change as a planning task
The transition between generations is more than just a technical process. It is about values, traditions and responsibility. The tax-optimised solution? Not necessarily the best one for the family.
Successful generational planning starts early. Not when the senior reaches retirement age, but when the children take their first steps in their careers. What are their interests? What are their skills? Do they even want to take on responsibility?
These questions develop over years. Asset structures must be flexible enough to respond to different scenarios.
Investment portfolios for decades
In the short term, almost anything can happen. Markets crash and recover. In the long term, these fluctuations even out. This is the basis of any sustainable investment strategy.
But ‘long term’ remains a flexible term. Five years? Ten? When it comes to family wealth, we often talk about even longer periods. This fundamentally changes the perspective.
Novum Partners pursues an approach that intelligently combines different time horizons. Liquidity reserves for operational needs. Medium-term investments for planned expenditure. And a core area designed for decades.
This core area can certainly be volatile. If you have twenty years, you can cope with five bad years. This opens up investment opportunities that are closed to short-term investors.
Alternative investments as a long-term building block
Private equity, infrastructure and certain areas of real estate only reveal their full potential over longer periods of time. Illiquid, complex, difficult to value. This is precisely what makes them interesting for patient investors.
The market rewards patience. Those who are prepared to tie up capital for years often receive better terms. Lower fees, better structures, access to exclusive opportunities.
This requires trust. Trust in management teams, business models and long-term industry developments. This trust must be justified by careful due diligence.
Jurisdictional diversification as risk management
Wealthy families live internationally. Children study in London, work in New York and get married in Singapore. The family business has branches on three continents. Where is ‘home’ actually?
This reality requires an international approach to asset structuring. Don’t put all your eggs in one national basket. Nor should you entrust all your legal structures to a single jurisdiction.
Novum Partners Geneva, formerly known as Novum Capital Partners SA, develops structures that systematically leverage geographical diversification. Different legal systems, different tax systems, multiple currencies.
Complicated? Definitely. But what happens if tax legislation in your home country changes fundamentally? Or if political instability arises? Diversification is insurance.
Asset allocation strategy across cycles
Traditional asset allocation is based on historical correlations. It works – as long as the future resembles the past. But is that true?
Demographic trends are fundamentally changing the demand for goods. Technological breakthroughs are rendering industries obsolete and creating new markets. Climate change is forcing companies to adopt completely new business models.
Future-proof asset allocation must anticipate structural changes. It is impossible to predict these perfectly. But portfolio construction should remain flexible to allow for necessary adjustments.
Credit consulting for complex structures
Long-term asset structures often require long-term financing components. Not only for liquidity reasons, but also for tax considerations.
Example: A family foundation acquires a property. Self-financing would be possible, but partial loan financing optimises the overall structure. Interest is tax-deductible, return on equity increases, and liquidity remains available for other investments.
Such structures require specialised expertise. Normal bank advisors often do not understand the complexity involved. What collateral is appropriate? How should repayment terms be structured?
The credit consulting team works closely with structuring experts. Financing is an integral part of the overall strategy and is not viewed in isolation.
New Yacht Consultancy Services as lifestyle integration
Wealthy families do not only have financial needs. Their lifestyle must be maintained. Luxury goods, collections, special passions.
These ‘lifestyle assets’ should not be viewed in isolation from the overall asset strategy. A yacht can be structured in a tax-optimised manner. In certain constellations, it can even be profitable. Keyword: charter.
This requires specialised advice. Where to register a yacht? Which flag is best? What should the ownership structure look like?
For larger yachts, we are talking about investment volumes in the double-digit million range. Professional structuring is definitely worthwhile.
Important considerations when structuring a yacht:
- Optimal choice of flag state, taking all relevant factors into account
- Tax-efficient ownership structures for various usage scenarios
- Integration into overall asset strategy and estate planning
- Charter options for return optimisation
Balancing family and wealth
Ultimately, it’s not just about taxes, returns and structures. It’s about people. Families who want to pass on their wealth responsibly from generation to generation.
This only works if everyone involved understands and supports what is happening. Transparency is more important than perfect optimisation. Involvement is more important than efficiency.
Novum Partners SA attaches great importance to these ‘soft factors’. The most beautiful structure is useless if the next generation does not understand it.
Governance structures for family assets
Large family fortunes need governance. Clear rules about who decides what. Transparent processes for important decisions.
Sometimes this can be difficult. Family members are not shareholders in a listed company. They have emotional ties, personal interests and different visions of the future.
Without governance, it becomes even more difficult. When every decision turns into a family dispute, it is not only the fortune that suffers. The family itself suffers.
Successful families develop professional structures. Family remains family – but when it comes to wealth, clear and fair rules apply. This creates peace for everyone involved.
The long-term perspective makes all the difference. Not optimised for the next quarter, but built for the next decades. This requires patience, foresight and sometimes the courage to accept short-term disadvantages.
