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The Family Wealth Management Company (Société de gestion de patrimoine familial), known as SPF, was created by the law of 11 May 2007 to provide a dedicated vehicle for the management of private wealth on behalf of individuals. Its only purpose is to acquire, hold, manage and sell financial assets. It is not allowed to undertake any commercial activity.

The Family Wealth Management Company is designed as an investment company intended solely for individuals managing their private wealth. The term “family wealth” should be understood in the sense of the “private wealth of individuals”. The law does not require a family link between the various shareholders.

The minimum capital of an SPF depends on the corporate structure it adopts.

The SPF provides individuals with a vehicle for managing their wealth which is simple, flexible and complies with EU criteria. An SPF my act, for instance, as a company structure for a club of investors, or for the acquisition of shares in a company by the employees or managers.

Practical guide:
How to set up a Family Wealth Management Company (SPF)