Family Office in Israel

Independent multi-family office and wealth management firm in Israel providing discretionary investment management, long-term wealth planning and cross-border financial coordination for entrepreneurs and international families.

Lucid Investments operates as an independent multi-family office and wealth management firm, helping Israeli and international families manage investments, coordinate banking relationships and make complex financial decisions across jurisdictions. Unlike institutions focused on a single product or service, we integrate investment management with long-term financial coordination under one independent framework.

When Wealth Becomes Too Complex for Any Single Institution

At a certain point, wealth stops being a portfolio problem.

This moment often follows accumulated success, a liquidity event, international exposure, family growth, or a major life transition. What changes is not only the size of assets — but the number of decisions, institutions, jurisdictions, and responsibilities involved.

Banks, portfolio managers, and advisors each play an important role.
But none are designed to see — or manage — the full picture.

This is when a family office becomes relevant.

What a Family Office Actually Does

A family office is not defined by products, custody, or investment style.

Its purpose is to provide independent oversight, investment management and coordination across every aspect of a family's financial life. At Lucid Investments, this means:

creating a coherent structure across assets, entities, and jurisdictions
ensuring decisions are made in the right order
coordinating banks, managers, legal and tax advisors
maintaining long-term alignment as circumstances evolve

The objective is not optimization in isolation, but clarity across the entire financial life.

How an Independent Multi-Family Office Integrates Your Financial World

While every family is different, the role of an independent multi-family office remains remarkably consistent: bringing together investments, banking relationships, legal and tax advisors, governance and long-term planning into one coherent strategy.

How Lucid Investments Family Office coordinates Your Financial Life

The Scope of a Modern Family Office

While every family office is tailored to the needs of the families it serves, the underlying responsibilities are remarkably consistent. As financial complexity grows, the role expands beyond investment advice to coordinating every aspect of a family's financial life.

Depending on each family's circumstances, a family office may coordinate:

Investment Management

Designing and implementing long-term investment portfolios through direct securities, carefully selected third-party managers and institutional investment funds. Under agreed discretionary mandates, Lucid continuously monitors allocations, manages risk and implements investment decisions while client assets remain with established custodians.

Banking Coordination

Many affluent families maintain relationships with several banks across different jurisdictions. A family office helps coordinate these relationships, compare proposals objectively, monitor costs, and ensure each institution contributes appropriately to the overall strategy.

Liquidity Planning

Following the sale of a business, inheritance, or other major liquidity event, capital allocation decisions often have long-term consequences. A family office helps structure these decisions thoughtfully rather than allowing timing pressure to dictate outcomes.

Wealth Structuring

As wealth grows internationally, investment decisions increasingly interact with legal entities, tax considerations, succession planning, trusts, and cross-border ownership structures. Coordination between professional advisors becomes essential.

Family Governance

Financial capital often spans generations. A family office helps create decision-making frameworks, reporting structures, and governance processes that allow families to preserve alignment as responsibilities evolve.

Risk Oversight

Risk extends beyond investment markets. Currency exposure, concentration risk, liquidity, counterparty exposure, operational complexity, and inconsistent advice can all materially affect long-term outcomes. A family office provides continuous oversight across these interconnected risks.

Rather than replacing existing specialists, the family office ensures they work together toward a coherent long-term strategy. This integrated approach enables families to make better decisions, reduce unnecessary complexity, and preserve long-term alignment as circumstances evolve.

What a Family Office Does Not Do

A family office is often misunderstood.

Lucid does not:

replace your banking relationships
take custody of client assets
manufacture or distribute proprietary financial products
provide legal or tax advice
remove decision-making authority from clients

Clients retain their existing banking relationships, custody arrangements, and decision authority. Our role is to provide independent wealth management, discretionary portfolio management where appropriate, and strategic coordination across every aspect of our clients' financial lives, while assets remain safely held with leading banking institutions.

Why Coordination Matters More Than Performance Alone

As complexity increases, the primary risks are rarely market-related.

They are structural:

fragmented decision-making
inconsistent advice across institutions
actions taken in the wrong sequence
hidden costs, duplicated risks, or unintended exposures

A family office exists to reduce these risks — not by predicting markets, but by governing decisions.

A Multi-Family Office — Structured for Independence

Lucid operates as an independent multi-family office.

This structure enables:

independence from proprietary products and distribution incentives
alignment with clients rather than institutions
institutional standards without the rigidity of a single-family office

Serving multiple families allows access to global expertise, robust processes, and institutional discipline — while preserving discretion and senior-level involvement.

When a Family Office Becomes Relevant

A family office is typically relevant when:

assets are spread across multiple banks or countries
family, tax, and investment decisions intersect
a liquidity event or inheritance changes responsibilities
international relocation (such as Aliya) adds complexity
long-term planning becomes as important as returns
investment portfolios become too large or diverse to be managed effectively through a single institution or advisor

It is less about wealth level — and more about complexity and responsibility.

post-exit and liquidity transitions

How This Role Is Implemented at Lucid Investments

Lucid’s family office role is implemented through:

discretionary investment management
independent portfolio oversight
global, multi-custodian architecture
banking and advisor coordination
structured governance and reporting
collaboration with existing advisors
long-term intergenerational planning

All guided by a clear decision philosophy — the Swiss Approach.

Swiss Approach

Why Families Choose Lucid Investments

Many family offices describe similar responsibilities. The difference lies in how those responsibilities are carried out.

Lucid combines independent wealth management with the broader oversight of a multi-family office. Investment portfolios are actively managed under discretionary mandates, while banking relationships, legal advisors and tax professionals are coordinated within a single long-term framework.

Unlike many financial institutions, Lucid does not manufacture proprietary investment products or take custody of client assets. This independence allows every recommendation, portfolio decision and strategic discussion to be guided solely by the client's long-term interests.

Founded by Karen Schwok, former CEO of Pictet Wealth Management Israel, Lucid Investments combines institutional investment discipline with the independence of a privately owned multi-family office.

Every engagement is led by senior professionals and built around long-term governance rather than short-term market activity.

This allows families to retain existing banking relationships while benefiting from a single independent framework for decision-making.

Who This Is For — And Who It Is Not

Lucid’s family office model works best for individuals and families who:

want to remain involved in decisions
value clarity over constant activity
prefer thoughtful sequencing to rapid execution
seek independence and long-term alignment

It is not designed for those seeking full outsourcing with minimal engagement.

Frequently Asked Questions About Family Offices

What is a family office?

A family office is an independent structure that helps affluent entrepreneurs, executives and families coordinate increasingly complex financial decisions. While investment management remains an important component, a family office takes a broader view by integrating banking relationships, legal and tax advisors, governance, succession planning and cross-border wealth management into a single long-term strategy. The objective is not simply to generate investment returns, but to ensure that every financial decision contributes to the family's overall goals and long-term financial security.

What is the difference between a family office and wealth management?

Wealth management primarily focuses on constructing and managing investment portfolios. A family office provides a broader level of oversight by integrating wealth management with banking coordination, family governance, succession planning, tax and legal coordination, and long-term strategic decision-making.

At Lucid Investments, discretionary wealth management forms an integral part of our multi-family office model, allowing investment decisions to be made within the broader context of each client's financial life.

What is a multi-family office?

A multi-family office provides family office services to multiple families while maintaining an independent advisory model. Unlike a single-family office that serves only one family, a multi-family office combines institutional investment expertise, experienced professionals and sophisticated governance processes across several client relationships.

This structure enables clients to benefit from institutional standards while maintaining the flexibility, independence and personal attention of a privately owned advisory firm.

When should someone consider working with a family office?

A family office generally becomes valuable when financial complexity begins to exceed the capabilities of any single institution.

This often occurs following the sale of a business, a significant liquidity event, international expansion, inheritance, the accumulation of assets across several banks or jurisdictions, or when family governance becomes increasingly important.

The need for a family office is determined less by the size of wealth than by the complexity of the decisions that need to be coordinated.

Does Lucid Investments manage investment portfolios?

Yes. Lucid Investments provides discretionary investment management under agreed investment mandates while integrating those portfolios within a broader multi-family office framework. Investment portfolios may include direct securities, carefully selected third-party managers and institutional investment funds.

Although Lucid manages investments on behalf of clients, assets always remain held with established banking institutions and custodians in the client's own name.

Does Lucid Investments take custody of client assets?

No. Lucid Investments does not act as custodian and never holds client assets.

Client assets remain deposited with leading banking institutions, where clients retain full ownership. Under agreed discretionary mandates, Lucid is authorised to implement investment decisions but cannot withdraw client assets, transfer ownership or pledge assets as collateral for borrowing.

This separation between investment management and custody is an important element of our independent business model.

How is Lucid Investments different from a private bank?

Private banks typically combine advisory services with proprietary investment products, custody services and lending activities.

Lucid Investments operates independently of product manufacturing and asset custody. Our role is to provide discretionary wealth management while coordinating the broader financial ecosystem surrounding each client. This independence allows every investment decision and strategic recommendation to be guided exclusively by our clients' long-term interests rather than institutional objectives.

Do you work only with Israeli families?

No. Lucid Investments advises both Israeli and international entrepreneurs, executives and families whose financial lives often extend across multiple jurisdictions.

Many clients maintain banking relationships, investments, businesses or family members in different countries. Our experience in cross-border wealth management enables us to coordinate investment decisions alongside local legal, tax and banking professionals while maintaining a coherent long-term strategy.

Quel est le profil de vos clients ?

Why choose an independent multi-family office?

Independence becomes increasingly valuable as financial complexity grows.

Because Lucid Investments neither manufactures proprietary investment products nor holds client assets in custody, every recommendation is made solely in the client's best interest. We combine institutional investment discipline with the independence of a privately owned multi-family office, allowing clients to benefit from objective advice, coordinated decision-making and long-term strategic alignment across every aspect of their financial lives.