The own-wealth principle
Managing the family’s own assets, inside entities the family owns, for beneficiaries who are the family: that activity is proprietor conduct rather than a licensed financial service. The architecture that keeps it visibly so — holding, STAK, clean ownership chart — is the same one built for tax and succession: the guide.
Where the licensing lines run
Three doors lead into supervision: outside investors (pooling money beyond the family points toward fund rules — the FGR chapter maps the vehicle side: the family fund), managing for third parties (advice or portfolio management for other families is a licensed profession), and regulated products (lending, insurance-like promises, payment services carry their own regimes). Multi-family ambitions therefore start with one design session on which side of each door the plan lives.
The file that answers questions before they arrive
One ownership chart to the last natural person, the mandate showing family-only scope, service agreements at arm’s length, and board minutes on Dutch soil — the same binder that carries substance and banking: one file, three jobs. Supervisors, like banks, relax at structures that are what they claim.