Fliore for family reporting: clear without becoming wrong
Updated: 2026-09
A report to the family has a different audience from one to the custodian. The difficulty is staying understandable without becoming wrong through simplification — particularly with illiquid positions and with figures that only hold with context.
Reporting to the family is a family office’s most visible output and at the same time the hardest to design. The recipients differ: one generation experienced with wealth, another not, and between them people with very different appetite for detail.
The reflex is simplification. It is right as long as it does not tip into a statement that is not accurate — a return figure without a reference base, say, or an allocation overview placing illiquid and liquid positions indistinguishably side by side.
The second point is recognisability. A report whose structure changes every quarter forces recipients to reorient each time — and produces questions that have no substantive cause.
How it works
- 01
Distinguish the recipient groups
Not everyone needs the same depth. A core report with a consistent structure plus deeper appendices serves more recipients than a compromise format.
- 02
Keep the structure constant across quarters
With recurring reports, recognisability matters more than the finest presentation. Changes belong explained, not made in passing.
- 03
Always carry the reference base
A return without a period and a base is not information. What is left out gets supplied by the recipients — usually wrongly.
- 04
Mark illiquid positions visibly
The distinction belongs in the presentation, not only in a footnote. Otherwise a picture of stability arises that does not exist.
- 05
Explain what changed, not only the position
The position appears in every overview. What is valuable is the account of why it developed as it did.
- 06
Read questions as feedback on the report
Recurring questions show where the report does not carry. They belong worked into the next edition.
Why it fits here
Fliore produces the reports from the same consolidated basis the operational work runs on — no separate preparation that can drift apart.
Because valuations are held with date and basis, a figure in the report can be traced back to its source when somebody asks.
Data held in Switzerland is, with family wealth, regularly not only a compliance question but an expectation of the family itself.
FAQ
How detailed should a family report be?
Short enough to be read and complete enough that no statement stands without context. Depth belongs in an appendix, not in the core report.
How often should you report?
The family decides that. More important than frequency is that the structure stays constant and the date is kept.
How do you handle differing prior knowledge?
Through tiered recipient groups rather than a compromise report too detailed for some and too shallow for others.
Should losses be highlighted?
They belong presented clearly and without softening. A report that obscures losses costs trust as soon as somebody does the arithmetic.
Can the family access it directly?
That is a question of roles and rights. It makes sense to differentiate access by recipient group rather than releasing all or nothing.
FLIORE
Fliore produces the reports from the same consolidated basis the operational work runs on — no separate preparation that can drift apart.
Because valuations are held with date and basis, a figure in the report can be traced back to its source when somebody asks.
Data held in Switzerland is, with family wealth, regularly not only a compliance question but an expectation of the family itself.