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Thaurum Capital Partners
Baar · Zug · Switzerland

Independent Strategic Advisory · Switzerland

Strategy at its Highest Point.

We consult, educate, and advise corporations, family businesses, professional investors, and high-net-worth individuals. No products. No retrocessions. Complete independence.

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20+
Years of Experience
€13B+
Assets Advised
30+
Client Mandates
98%
Client Retention

* Figures reflect cumulative advisory activity across all mandates. Assets Advised refers to total assets under advisory engagement, not assets under management. Client Retention calculated over a rolling 5-year period. Past engagement outcomes are not indicative of future results.

Our Mandate

Consult.
Educate. Advise.

Thaurum operates across five distinct mandates. Each one demands deep expertise, absolute discretion, and an unwavering commitment to the client's interest — never our own.

01

Consult & Educate Corporates

We work directly with corporate leadership to build financial literacy, evaluate strategic decisions, and develop robust frameworks for capital allocation, risk management, and long-term value creation.

Corporate Advisory
02

Family Business Continuity

Multi-generational wealth and family enterprise require a different kind of counsel. We guide ownership transitions, governance structures, and succession strategies that honour legacy while securing future prosperity.

Family Office
03

High-Net-Worth Individuals

For clients managing significant personal wealth, we provide an education-first advisory — ensuring deep understanding of their financial position before any strategy is recommended or implemented.

Private Wealth
04

Professional Investors

We provide institutional investors with an independent perspective — stress-testing assumptions, identifying blind spots, and delivering the strategic clarity required to act with conviction in complex markets.

Institutional
05

Portfolio Restructuring

When portfolios are underperforming or structurally fragile, we conduct rigorous independent analysis and oversee disciplined restructuring programmes with clear, measurable outcomes.

Restructuring

Every engagement begins with a conversation — not a product.

Begin the Conversation
Independent by Design
Thaurum does not sell financial products, manage assets directly, or accept retrocessions. Our sole obligation is to our client. This independence is not a feature — it is the foundation.

Success Stories

Mandates
Delivered.

A selection of completed engagements — anonymised in accordance with our strict confidentiality policy.

Corporate — Precious Metals & Derivatives

From a 9% Loss to a Thriving Options Trading Operation

A corporate client held the majority of its assets in precious metals. While the trading department had solid commodities experience, its knowledge of derivatives was limited — and the exclusive use of forward transactions had produced a 9% loss.

ChallengeGenerate a substantial return on the portfolio without putting the collateral at risk.
Our SolutionThe trading department received ongoing coaching through structured learning materials and regular explanatory calls. Once a relationship of mutual trust was established, we implemented a bespoke options strategy. The result was a substantial profit. The client became a confident and consistent options trader, and has since more than doubled its total assets.
Corporate — Trading Optimisation

+$4M Profitability Improvement and a New Revenue Stream

A CEO sought to strengthen his trading department, believing that both performance and pricing could be meaningfully improved. The pricing model offered by their long-standing counterparties was identified as the primary drag on results — yet the team lacked the tools to change it.

ChallengeImprove financial results by reducing third-party costs while building internal capability.
Our SolutionA thorough understanding of the client's activity enabled us to introduce an alternative instrument better suited to their daily operations. The impact was immediate: transaction profitability improved by USD 4 million. A nine-month education programme further equipped the trading team with a broader range of instruments — ultimately enabling them to serve both internal and external clients, creating an entirely new revenue stream for the business.
Entrepreneur — Investment Strategy

Nearly +80% Portfolio Performance Over Three Years

An entrepreneur with an aggressive risk profile and diverse activities spanning real estate, media, and communications sought an absolute return strategy — but had limited experience of financial markets.

ChallengeDevelop a solid understanding of investment strategies and build the capacity to make sound, independent financial decisions.
Our SolutionWeekly market briefings and strategy sessions — escalated to daily when market conditions required — provided a strong foundation. Over the following months, targeted derivatives training was introduced. The client's portfolio performance improved significantly, achieving a return of almost +80% over three years.
Professional Investor — Behavioural Finance

Consistently Outperforming the Market by 5–10% Per Year

A professional investor managing his own finances through a major banking platform recognised that emotion was affecting his decision-making and leading to suboptimal outcomes. He wanted to remain in full control while consistently outperforming a passive strategy.

ChallengeDevelop self-awareness as an investor and beat the market on a recurring basis.
Our SolutionCoaching in behavioural finance gave the client a disciplined, analytical approach to markets. In parallel, a deeper understanding of derivatives instruments allowed him to construct asymmetric payouts, improving his odds against the market. In the first year alone, he outperformed his benchmark by 9%. He continues to outperform a passive benchmark by between 5% and 10% annually.
Entrepreneur — Portfolio Recovery

Full Recovery of a 30% Loss — Plus an 18% Gain

An entrepreneur with a moderate risk profile lost nearly 30% of his assets in six months. With limited knowledge of financial markets, he had relied entirely on his counterparty's recommendations. As conditions deteriorated, he received no meaningful support or follow-up on his positions.

ChallengeRecover lost assets and develop the knowledge to make independent, confident financial decisions going forward.
Our SolutionWe began by optimising the costs charged by the counterparty, then guided the client in developing his own macroeconomic framework and familiarising himself with the full range of financial instruments available. Through weekly meetings, the portfolio entered a structured recovery process. Within eighteen months, the client had recovered all losses and generated an additional profit of +18%.
All case studies are anonymised and presented with client consent in accordance with our strict confidentiality policy. The outcomes described reflect individual mandates and specific market conditions at the time of engagement. Past results do not constitute a guarantee of future performance. Financial advisory outcomes vary depending on individual circumstances, risk profile, and market conditions. Nothing on this page constitutes investment advice or a solicitation to invest.

How We Work

Precision at
every step.

We do not follow a template. Every engagement begins with deep listening and independent analysis — before any recommendation is made.

01

Initial Consultation

A confidential, no-obligation conversation to understand your situation and what success looks like. We ask more questions than we answer.

02

Independent Analysis

A thorough, independent review of your current financial, structural, and strategic position — before forming any view or recommendation.

03

Education & Alignment

We ensure you fully understand your situation and the options available. An informed client makes better long-term decisions. We never recommend what is not understood.

04

Strategic Advisory

Clear, actionable guidance delivered with full transparency on our reasoning, assumptions, and the limits of our advice.

05

Long-Term Partnership

Our most valued relationships span decades. We remain a trusted, confidential advisor through changing circumstances, markets, and generations.

Our Team

Senior counsel.
Every mandate.

Every client is served by partners, not juniors. Our collective experience spans global markets, family enterprise, institutional investment, and corporate finance.

Antonio Pellizzato

Antonio Pellizzato

Co-Founder

During his career, he held senior roles at UBS Investment Bank and Credit Suisse in Zurich, working across currencies and precious metals in trading, derivatives, and sales functions, contributing to the development of international institutional and family office clients. Following his banking experience, Mr. Pellizzato founded Moreleil, which operated independently for eight years as an educational center of excellence and a business consulting platform, supporting wealthy families, family offices, and central banks across multiple jurisdictions. Mr. Pellizzato earned a BA from Bocconi University (Milan) and a MA from Università della Svizzera italiana (Lugano).

Francesco Schiavo

Francesco Schiavo

Co-Founder · CEO

Before founding Thaurum Capital Partners, Dr. Schiavo spent nearly 20 years at Credit Suisse and UBS in Zurich, always working in trading and management positions, leading commodities, precious metals and foreign exchange teams. He held several roles as Managing Director, including Global Head of E-Commerce and Global Head of FX/PM Options. He is in charge of Trading activities along with consulting and coaching. Dr. Schiavo holds a Ph.D. in Electronic Engineering and a MS in Computer Engineering, both from Politecnico di Milano.

Gonzalo Mongil

Gonzalo Mongil

Head of Operations

Senior Operations and Supply Chain professional with over 10 years of experience in international logistics and commodity trading. Currently managing global end-to-end operations, trading support, and process optimisation. He brings experience from top-tier global trading companies, including four years at Glencore, with extensive expertise in copper and non-ferrous metals trading. Mr. Mongil holds a Master's in Supply Chain Management and International Logistics and a MSc in Civil Engineering from the Technical University of Madrid.

Daniela Vuillemier

Daniela Vuillemier

Head of Administration

Mrs. Vuillemier supports our administrative and financial processes, complementing the team with her affinity for numbers, structural thinking, and strong organisational skills. Thanks to her quick comprehension and many years of experience in complex corporate structures, she integrates seamlessly into the professional environment at Thaurum and contributes to efficient, reliable processes.

Get In Touch

Begin the
Conversation.

All enquiries are treated with strict confidentiality. A senior partner reviews every submission personally as soon as possible.

Address Haldenstrasse 1
CH-6340 Baar, Zug
Switzerland

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