Swiss accounting services company Tretor has formed a partnership with Pictet Alternative Advisors’ Direct Private Equity team to create an accounting services group for small and medium‑sized companies (SMEs).

The planned group will support SMEs nationwide, offering accounting, tax advice, auditing and interim chief financial officer (CFO) services.

The partners intend to bring more companies into the network over time, with an emphasis on high quality standards, long‑term development and close regional client ties.

Switzerland’s accounting market is described as fragmented, consisting largely of regional practices with owner‑driven, entrepreneurial cultures.

According to Pictet, it also faces the challenges of AI, talent acquisition, compliance and quality assurance.

The new organisation is designed to address these issues by linking locally rooted accounting practices on a common platform, while giving them access to shared resources and modern technology.

Central functions such as talent development, digital and AI tools, IT, controlling and quality management will be pooled at group level to cut costs and open up new client opportunities.

This structure is intended to allow partner companies to concentrate on their role as local advisers on accounting, tax, audit and legal matters.

For clients, the partners say the model should provide a broader service range, deeper specialist knowledge, greater use of digital solutions and consistent coverage across Switzerland.

Pictet Alternative Advisors DACH Direct Private Equity head Nikolaus Hubmann said: “The accounting services market is undergoing structural change, creating major challenges but also new opportunities for all stakeholders.

“Our partnership with Tretor aims to build a leading Swiss accounting services group that combines quality, continuity and modernisation.”