Consilio comes from the Latin word consilium, which means advice
The Global Financial Crisis that started in 2007 inflicted relevant losses on many market participants. Not only did UHNW Individuals not emerge unscathed, but in some cases they were even more damaged than other, “less sophisticated” investors.
Likewise, Institutional Investors experienced losses due to inadequate investments in products and/or assets that were misaligned with their founding principles and the institution’s own needs. However, malpractice (conflict of interests, lack of information,
confusing explanations regarding the implications of investment decisions, lack of knowledge on the part of the product provider, inadequate information about associated risks) has not disappeared and is, in some cases, aggravating.
As in any conflict of interests, the greatest damage is caused to the weakest party: the investor
In order to meet new regulatory requirements, banking institutions have chosen to protect themselves by increasing the volume and complexity of the documents to be signed by clients (without them really being conscious of what they are signing, in many cases) and by restricting the investment possibilities available to them (product limitation, closed investment profiles, etc.). Both practices are clearly detrimental to client’s interests.
For all these reasons, CONSiLIO strongly believes it is essential to provide independent, high-quality advice to clients and to defend their interests against those of the financial entities that custody their wealth. This matter is especially relevant to UHNW individuals, where a small improvement in costs or the simple decision of not making too risky an investment may result in substantial savings, both in problems and money.