FINVIA and Warth & Klein Grant Thornton to establish market leader for investment solutions and investment controlling

Thursday, 24.02.2022 - The Frankfurt-based multi-family office FINVIA and the auditing firm Warth & Klein Grant Thornton announced today that they will jointly establish FINVIA Grant Thornton Vermögenscontrolling GmbH. The cooperation is intended to become the new market leader in investment solutions and investment controlling for wealthy private individuals and family offices. The expertise in terms of both personnel and technology is unique: FINVIA has many years of experience in the management and controlling of complex wealth using state-of-the-art technologies. The founders and managers of FINVIA have built up various multi-family offices and asset managers and have managed wealth assets in the double-digit billion range. Warth & Klein Grant Thornton is an established name in private finance, auditing, tax, legal and transaction consulting and has been offering wealth controlling and tax structuring services for private wealth for over 20 years, both for its own clients and as a service provider for banks and multi-family offices.

FINVIA Grant Thornton Vermögenscontrolling GmbH will create an intuitive and multi-client capable next generation technology platform. This will enable clients to collaborate with their family office, investment strategists, tax and legal experts, asset and property managers and property managers in real time and efficiently bundle all these partners in one application. It should be open to multi-family offices, asset managers and consulting companies.

"We are delighted to have gained Warth & Klein Grant Thornton, an absolute heavyweight in the field of asset controlling, as a partner. By bringing together our respective expertise and networks, we are creating unique synergies and access to a wide range of asset classes, from which both our existing and new clients will benefit. Our aim is to be not only the largest, but also the most technologically advanced provider of investment solutions and controlling," says Hanna Cimen, COO and co-founder of FINVIA.

The new company is dedicated to the rapidly growing national and international market for multi-family office services in the wake of the sharp rise in wealth . The fact that wealth is not only becoming increasingly sophisticated and complex, but also more active in its investment decisions, places special demands on the management and administration of these wealth. Previous solutions are no longer able to cope with this alone, which is why larger and more powerful units are needed. As a result, the market will continue to professionalize and consolidate.

"wealth and taxes require professional advice and systems, particularly in the case of strong diversification and an international focus. Our common goal is to use digital asset controlling to bring information to the recipient more quickly, support obligations to act and make decisions easier," adds Jörg Eigelshoven, Head of the Private Finance division at Warth & Klein Grant Thornton. The cooperation is a building block in the growth strategy of the company, which, as a member of the Grant Thornton network, focuses on internationally active SMEs.

Since its foundation in 2020, the FINVIA family office has been building a digital platform where clients have permanent access to all their assets and underlying analyses and documents online or via an app. Clients' custodians and banks as well as external databases and information services are integrated via electronic interfaces. This platform will be incorporated into the new company. Warth & Klein Grant Thornton contributes development expertise and innovative tools for tax and financial analysis tasks, such as a tax engine solution, to the cooperation.

FINVIA will have 51 percent of the operational management of FINVIA Grant Thornton Vermögenscontrolling GmbH, while Warth & Klein Grant Thornton will hold 49 percent. Olaf Bley-Steglich, previously Head of Investment Controlling at FINVIA, who has more than 20 years of experience in advising on complex asset situations as well as controlling and reporting in the private banking and family office segment, will become Managing Director of the company. On the Warth & Klein Grant Thornton side, Jörg Eigelshoven will sit on the joint steering committee of the partners. Jörg Eigelshoven is the head of Warth & Klein Grant Thornton's Private Finance division and has more than 20 years of experience in advising private and institutional investors, particularly in the tax structuring and optimization of investments and in wealth controlling.