A basic concept in finance is the time value of money. If you earn $1,000 today, that $1,000 will not be worth $1,000 tomorrow.
Inflation and money are cardinal concepts in understanding financial investment.
Inflation is a general rise in prices, reflected in the consumer price index calculated each year in every country and other statistical institutes in other countries.
Whatever the investment (life insurance, bank account, stocks, bonfd private equity, etc.), our status as a Financial Investment Advisor (ORIAS reg. no. 26006339) requires us to carry out an investor profile questionnaire.
All financial assets carry a regulatory risk rating
A cardinal principle in finance is that the more return you want, the more risk you have to take.
There is no such thing as a high return without risk.
If prices rise by 5%, the computer you paid €1,000 for yesterday is worth €1,005 today. The reasoning is similar for savings.
We offer several levels of support depending on the amount of savings to be invested:
Diversification is not about holding many funds. Owning fifteen European equity funds diversifies nothing, they fall together. Genuine diversification means spreading capital across asset classes that respond differently to the same events. That decorrelation is what protects a portfolio during a market shock.
Constellation Patrimoine builds allocations across equities and currencies, bonds and fixed deposits, gold and precious metals, real estate and, for suitable profiles, a measured exposure to digital assets. Each class plays a defined role: performance driver, shock absorber, inflation hedge or income source. The allocation is never the starting point, it follows from an objective and a time horizon agreed with you.
Investing takes time and expertise, and the options are many. Before anything else, one confusion needs clearing up: the wrapper, the product and the investment are not the same thing. The wrapper is the legal and tax framework that holds your savings. The product is the instrument placed inside it, a fund, an ETF, a direct holding. The investment is what you actually own at the end of the chain: a company, a debt, a building, a commodity.
Your money is always somewhere. You all have a bank account: the real question is not whether you invest, but where the available money goes. Left in a current account, it loses purchasing power every year.
We place our clients' capital in France, Switzerland, Luxembourg and further afield. Each answers a different level of wealth and a different ambition. Every account is managed and supervised in-house by Mevlana Yildirim, Financial Investment Adviser, together with his research and portfolio management teams.
We can open an account for you in ten countries, including Switzerland, Luxembourg, France, Ireland, the United Arab Emirates, Singapore, Hong Kong and the United States. Wherever you live, and wherever you intend to live next, there is a solution that fits.
The natural starting point, and the fastest to set up. We work with five of the best insurers on the market, with a managed, genuinely diversified allocation from the first euro.
The leading financial centre outside the European Union, and the widest investable universe available anywhere. See our page on investing abroad.
Good to know. A foreign account is declared on your annual tax return, and your final tax position follows your country of residence. We handle the formalities.
The strongest legal protection in Europe for a policyholder, and the reference for internationally mobile wealth.
Good to know. A foreign policy is declared on your annual tax return. We handle the formalities.
Private-banking opportunities across several countries and currencies, arranged case by case, that are simply not accessible through a retail network.
Good to know. These are unlisted, long-horizon investments: capital is committed for several years and may be at risk. They suit a limited share of a portfolio, for an experienced investor.
Alongside managed portfolios, we give access to asset classes that most retail networks simply do not offer. Each has its own entry level, and each plays a distinct role in a balanced allocation.
The most accessible entry point of all, structured according to your nationality and tax residence.
Tangible wealth you actually own, held outside the banking system. The classic protection against currency erosion and political risk.
Access to unlisted companies, mainly in the United States, Europe and East Asia, alongside funds of the first rank.
The entry level depends entirely on the location. Mauritius, the Emirates, Singapore, Bali, Portugal and the United States each have their own market and their own logic.
Good to know. Unlisted investments and digital assets are long-horizon holdings whose capital may be at risk, and foreign holdings are declared on your annual tax return. We handle the formalities.
| Level | Where | What it suits |
|---|---|---|
| From €5,000 | Digital assets | Tokens, stablecoins with remunerated staking |
| From €10,000 | Physical gold and silver | Allocated metal, secure vaulting |
| From €20,000 | France | Building a first managed allocation, or €10,000 plus €500 a month |
| From €50,000 | International securities account | Complete freedom of investment, every market and currency |
| From €100,000 | Switzerland | Diversifying outside France, borrowing at Swiss rates |
| From €100,000 | Private equity | United States, Europe, East Asia |
| From €200,000 | International real estate | Depending on the location |
| From €250,000 | Luxembourg | Maximum legal protection, internationally mobile wealth |
| From €500,000 | Worldwide | Wealth management, private equity, club deals |
Above €100,000 of savings we place capital abroad by default, unless the investor decides otherwise. The reasoning, and the jurisdictions involved, are set out on our page on investing abroad.
No allocation holds if the budget does not. Building yours means answering four questions: what are your objectives, what projects are you carrying, over what horizon, one year, five, longer, and what are your monthly income and outgoings.
We work in partnership with the Filiance app, the most complete on the French market, which produces a detailed review of your finances, your budget and your plans, present and future.
Regulated savings accounts should not be used as an investment: their return has always been very low, and persistently below inflation. The Livret A, LDDS, PEL, CEL and ordinary savings accounts have one purpose, and one only: holding your emergency reserve, available at short notice.
Beyond that reserve, simply matching inflation requires more productive vehicles. That is precisely what the wrappers described above are for.
Constellation Patrimoine operates on an open-architecture basis and accesses major international asset managers directly, including Pictet, Goldman Sachs, Fidelity, Franklin Templeton and Arkéa, alongside banks, insurers, brokers and private equity funds.
The key word is "directly". Every additional intermediary between you and the asset manager adds a layer of fees that mechanically reduces net performance, year after year. Direct access means fewer fees and a genuinely independent selection: we have no in-house products to place and no imposed sales targets. Fees are disclosed at the first meeting.
This is what separates Constellation Patrimoine from a product distributor. Portfolio management is led by Mevlana Yildirim and the firm's team, supported by a dedicated financial research capability tracking economic and geopolitical developments.
In practice this means three commitments. Speed of execution: under a discretionary mandate we can rebalance an entire portfolio in under twenty-four hours when market conditions require it. Full transparency: performance is available in real time in your client area. Structured monitoring: a review is held every quarter, since some investment and optimisation strategies only deliver over time. Our aim is active, monitored and explained management, targeting solid and consistent long-term results.
| Profile | Recommended horizon | Volatility | Dominant asset classes |
|---|---|---|---|
| Cautious | 2 to 4 years | Low | Bonds, fixed deposits, euro funds |
| Balanced | 5 to 8 years | Moderate | Equities, bonds, real estate, gold |
| Dynamic | 8 years and beyond | High | Equities, currencies, alternatives |
Constellation Patrimoine is based in Paris, at 11 Avenue de Friedland, and our international office, Mevlana Investments LLC, is based in Dubai. We also maintain a presence in Singapore and work with strategic partners in Luxembourg, Switzerland and the United States.
This structure allows us to support internationally mobile clients on both sides: expatriates living in France, non-residents holding French assets, and Gulf-based investors seeking European exposure. Advisory activity in France is carried out by Constellation Patrimoine, registered with ORIAS under no. 26006339.
Written by Mevlana Yildirim, founder of Constellation Patrimoine, Financial Investment Advisor (CIF), registered with ORIAS under no. 26006339. Offices at 11 Avenue de Friedland, 75008 Paris, and an international office in Dubai (Mevlana Investments LLC). First consultation free of charge. General information only, this does not constitute personalised advice.
For portfolio management in France we work from €20,000. Certain premium wrappers have their own entry level: €250,000 for Luxembourg life insurance and €300,000 for a Swiss bank account. General wealth advisory and real estate support have no minimum.
Yes, that is one of its main advantages. Luxembourg applies tax neutrality, meaning the tax treatment follows your country of residence rather than the country of issue. You generally do not need to surrender the policy when relocating, unlike a domestic contract, which often has to be closed with adverse tax consequences.
Under an advisory arrangement we recommend trades and you decide whether to execute them. Under a discretionary mandate you delegate portfolio management within a framework agreed with you, profile, horizon, constraints, allowing us to act in under twenty-four hours when markets require it. In both cases you remain the owner of the assets and set the framework.
Yes. Constellation Patrimoine advises English-speaking residents of France, expatriates and non-residents holding French or European assets. Our Paris office is complemented by an international office in Dubai, Mevlana Investments LLC, and by strategic partners in Luxembourg, Switzerland and the United States.
They are set out in full at the first meeting, before any commitment. Because we operate on an open-architecture basis and access asset managers directly, we avoid the additional fee layer introduced by extra intermediaries. Fee transparency is one of the firm's three founding principles.
Take advantage of an initial exploratory interview to assess your financial needs and find out how we can help you.
01Let's work together to establish the terms of our partnership, proposing personalised solutions tailored to your financial situation.
02Dive into exciting investment opportunities and grow your money to achieve your financial goals with confidence and success.
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