Through his Multi Family Office (MFO), Philippe Feller has specialized in serving high-level athletes. The Principality of Monaco offers many advantages for this type of clientele.
“The situation of top-level athletes is unique. They enter the professional world often around the age of 20, a carefree age, and very quickly start earning large sums of money. They have to manage these colossal amounts with the maturity of a 40-year-old… It’s certainly not easy for these young people,” observes Philippe Feller, managing director of PF MFO. With his expertise and network, this Multi Family Office, founded in 2019, has successfully attracted this new clientele. Monaco has traditionally been a haven for champions: Borg, Coulthard, Djokovic… to name just a few. Drawn by both the lifestyle and the tax benefits, tennis players, Formula 1 drivers, and cyclists have made it their home for decades. Thanks to its expertise and word-of-mouth, PF MFO has also developed a clientele of current and former professional athletes outside the Principality. “Some come to see me because they want better support in managing their wealth.”
“The most important thing is to invest for the future”
Athletes’ careers are short. “A professional footballer usually retires at 30/35, a golfer at 40/45… What most of these athletes earn over a 10-year career must be invested to meet their family’s needs for the next 40 to 50 years. We’re here to support them and provide financial education. We determine their essential daily needs and help them build their wealth. With our network of experts, we guide them in three investment areas: securities portfolios, real estate, and financing.”
Regarding financial assets, they favor European life insurance contracts managed by carefully selected institutions. “Athletes’ mobility is a key factor in managing their assets. A life insurance contract also helps ensure the sustainability of their financial situation.”
Real estate: a cornerstone investment
PF MFO’s approach naturally includes real estate. Acquiring multiple properties in various European countries (Belgium, Netherlands, Luxembourg, etc.) helps guarantee recurring income… “Investing in real estate is reassuring. To finance these investments, we set up loans over ten years. We take advantage of the extremely low interest rates currently offered by banks.”
PF MFO doesn’t just handle the financial management of top-level athletes. Like a conductor, it coordinates all daily matters: choosing schools, moving, opening bank accounts… With 30 years of experience in wealth management, Philippe Feller has built a network of experts across different countries that he can rely on. “Our real strength is our independence. It allows us to do our job without any conflicts of interest and with great transparency.”
Published in Monaco Economie, January 2021 issue.
