What to expect

Peers is a not-for-profit network. We have made the decision not to incorporate as a company or foundation, but to stay an informal network run by and for wealth owners only. We aim to connect wealth owners and to educate them on wealth management. There are no joining fees or membership fees.

Peers was formed in 2007 and held its first meeting in January 2008. We have over 90 members with substantial combined investable assets. We have chapters in London and Lausanne and will shortly be opening a new chapter in Monaco.

We have no joining or membership fees – all we ask is that members make a modest contribution to catering and room hire for any meetings they attend.

The London Chapter has both UK domiciled, non-domiciled and international members. In London we meet on the second Tuesday of the month with breaks during summer and winter. We usually meet at 4 PM at The Royal Overseas League in St. James for two one hour presentations, lectures or discussions, followed by drinks and a dinner from around 7 Pm till 9.30 PM.

The Lausanne Chapter holds meetings on the first Tuesday of the month commencing at 5.30pm. Worldwide Peers members are warmly welcome! The evening starts with the presentation of either an expert in a financial field (from academia), a journalist versed in economics or vendors of financial products. The presentation ends around 7PM and drinks are served until 7.30PM. Members are invited to stay for dinner with the speaker.

The groups in Monaco and Holland in statu nascendi do not have fixed dates and programs yet.

New members are welcome in all chapters.

Investment presentations: learn to ask the right questions, negotiate the best terms.

Peers members are not interested in retail propositions on the one hand or too large institutional investments on the other. Peers aims to provide opportunities that capitalise on the unique position of our members as investors, individually and as a group. The purpose of presenting investment opportunities is not just the investment opportunity itself: at least of equal importance is the development of due diligence skills of our members. It is interesting to see how other members react to investment proposals with insightful comments, questions you did not think of, or criticism that may well dampen your original enthusiasm: you are developing your due diligence skills and will come to appreciate the members who you may later seek out for advice.

Better terms & group negotiations

We have in the past negotiated group terms with service providers such as banks, hedge funds, insurance companies and advisers. We have, on occasion, achieved significantly better terms and on other occasions could at least ascertain that rates paid are within reason. Although we may negotiate as a group, each member decides individually to make use of offers or not. No other members will know whether you make use of an opportunity presented or not, unless you want to share this information with other members yourself. Some of the above mentioned opportunities come to us as a known group in the wealth management industry and we are also open to suggestions by members who would like to use our group buying power and knowledge of fee structures to negotiate preferential/best terms.

Expert information for quality wealth management

Peers invites experts in all aspects of wealth management. Our goal is to inform members, at least on an “executive summary level,” about issues they need to understand, so they can spot potential problems and opportunities. We also hope to introduce members to experts who may one day help solve a problem or take up an opportunity. As an independent network we are free to invite speakers who are critical of the wealth management industry, to invite competing providers or are able to give views not heard from sellers of investments or services. We also invite those who may be able to give a different/second opinion on for instance tax and legal topics. We observe that different providers often have different views and solutions that regularly suit your particular circumstances better and/or save on costs structures or measures that may or may not suit you.

The art of living well

Wealth management is not only about making money. There is an art and a science to enjoying wealth. When does one slow down and start to enjoy? How can you organise wealth management support that leaves you free to enjoy your wealth? How to spend it? At what rate? Spend it on yourself, on your children and grandchildren or on charity? What gives real gratification and peace of mind? There are no answers to these questions that will work for all, but tales of both good intentions gone wrong and satisfaction over money well spent can contain valuable lessons.