wealth management
wealth management
Podcast
29.5.2024
For founders and entrepreneurs, selling their own company always means reaching a milestone in their career - after all, it involves years of hard work and many hardships. Nevertheless, we do not see the exit as a conclusion. Rather, it is a turning point that brings with it a significant increase in assets as well as new opportunities for ideas, projects and investments.
This makes it all the more important to think about the future at an early stage and make preparations for structuring the newly acquired capital. For this reason, entrepreneurs are increasingly using the services of a family office.
Family offices like FINVIA work with successful founders, entrepreneurs and families. Accordingly, we have already been able to accompany several sales and support our clients in various issues. This experience allows us to deal confidently with various constellations and to navigate through the exit process with foresight. Coupled with comprehensive services and the ability to advise on the overall asset level, we thus offer a range of expertise that guarantees both security and freedom of action.
This experience has resulted in a deep understanding of the concerns of our entrepreneurial clients. In most cases, they remain active in the ecosystem, support start-ups through direct investments or found new companies themselves. Consequently, we work with them at the highest level to define a strategic asset allocation (SAA) and manage their wealth in all asset classes according to their individual risk preferences and return targets. We see ourselves as a long-term partner. Our task is to balance the wealth in such a way that it covers the overall objectives and needs of our clients and can also withstand major, unforeseen exogenous shocks.
The Family Officers at FINVIA work with their clients as equals and always on a cross-asset basis. Together we develop an optimal and individually tailored strategic asset allocation (SAA). This is another major advantage of the family office: as we are not tied to banks or specific products, we are completely free to act. This means that we are exclusively committed to the interests of our clients, can set the highest quality standards and have access to an extensive network of reliable providers, partners and asset managers in the areas of liquid investments, real estate (acquisition, management and sale), private equity and more. The entrepreneurial activities including all future plans on the one hand and the security requirements of the private individual on the other are important factors that are included in the planning. This process can take several weeks and requires a high level of trust. The result and implementation are reviewed on a regular basis and adjusted as required or as life circumstances change.
Just as in the strategic area, the Family Office also serves as a central anchor point in administrative terms. In the FINVIA Cockpit, we manage all asset-relevant data, such as allocated asset classes, planned capital calls or acquisition costs, in a clearly structured digital controlling together. Even the presentation of external sources and investments made in-house are included.
In all cases, it is our task to create transparency and to include our clients' often opaque investments within their ecosystem in the client cockpit. As a result, this area remains an integral component of the overall assets, gains comparability with other asset classes and can thus be allocated more consciously as part of the overall strategy.
For our customers, the digital solution means that they have all information at their fingertips in a completely transparent manner at all times - updated daily. This means they always have a sound basis for decision-making, which they can use to weigh up future opportunities and risks in the best possible way.
Although the productivity of the family office usually only peaks in the wealth planning after the sale of the company, cooperation should be initiated before the exit. There are two reasons for this:
The first lies in building trust. Family offices work for clients over the long term, often for generations. Accordingly, their selection should be careful and long-term: Due diligence requires in-depth discussions, understanding and, above all, time. We therefore also welcome early contact, as this allows us to get to know you as early as possible, build trust and support you in your asset decisions from the outset.
The second is the sale itself. Thanks to our many years of experience, we have a large network of useful contacts to other service providers such as reliable lawyers or tax advisors, whom we are happy to recommend on request. As a result, we have already been able to help some of our clients plan their exit efficiently in advance.
Regardless of how your decision should turn out, we would like to share a few practical lessons with you if you are currently planning to sell your company and make an investment:
Ultimately, the added value of family offices lies in our unique combination of different services that relieve selling founders and owners of a wide range of hurdles. Whether strategic, communicative or technical - with experts from all asset classes and other contacts, we create the necessary financial stability and time freedom for new projects and plans. FINVIA also keeps its clients' "backs free" for a successful future. Last but not least, we ourselves are an owner-managed company that has gone through the development stages of a tech-savvy start-up with a clear vision.
Want to learn more? Further information on FINVIA can be found here.
wealth management
29.5.2024
Beatrice Reed
Selling your company gives you time for new projects and a significant increase in assets. But what comes next? Senior Family Officer Beatrice Reed sheds some light on the subject and explains why entrepreneurs are increasingly relying on the services and offers of family offices.
For founders and entrepreneurs, selling their own company always means reaching a milestone in their career - after all, it involves years of hard work and many hardships. Nevertheless, we do not see the exit as a conclusion. Rather, it is a turning point that brings with it a significant increase in assets as well as new opportunities for ideas, projects and investments.
This makes it all the more important to think about the future at an early stage and make preparations for structuring the newly acquired capital. For this reason, entrepreneurs are increasingly using the services of a family office.
Family offices like FINVIA work with successful founders, entrepreneurs and families. Accordingly, we have already been able to accompany several sales and support our clients in various issues. This experience allows us to deal confidently with various constellations and to navigate through the exit process with foresight. Coupled with comprehensive services and the ability to advise on the overall asset level, we thus offer a range of expertise that guarantees both security and freedom of action.
This experience has resulted in a deep understanding of the concerns of our entrepreneurial clients. In most cases, they remain active in the ecosystem, support start-ups through direct investments or found new companies themselves. Consequently, we work with them at the highest level to define a strategic asset allocation (SAA) and manage their wealth in all asset classes according to their individual risk preferences and return targets. We see ourselves as a long-term partner. Our task is to balance the wealth in such a way that it covers the overall objectives and needs of our clients and can also withstand major, unforeseen exogenous shocks.
The Family Officers at FINVIA work with their clients as equals and always on a cross-asset basis. Together we develop an optimal and individually tailored strategic asset allocation (SAA). This is another major advantage of the family office: as we are not tied to banks or specific products, we are completely free to act. This means that we are exclusively committed to the interests of our clients, can set the highest quality standards and have access to an extensive network of reliable providers, partners and asset managers in the areas of liquid investments, real estate (acquisition, management and sale), private equity and more. The entrepreneurial activities including all future plans on the one hand and the security requirements of the private individual on the other are important factors that are included in the planning. This process can take several weeks and requires a high level of trust. The result and implementation are reviewed on a regular basis and adjusted as required or as life circumstances change.
Just as in the strategic area, the Family Office also serves as a central anchor point in administrative terms. In the FINVIA Cockpit, we manage all asset-relevant data, such as allocated asset classes, planned capital calls or acquisition costs, in a clearly structured digital controlling together. Even the presentation of external sources and investments made in-house are included.
In all cases, it is our task to create transparency and to include our clients' often opaque investments within their ecosystem in the client cockpit. As a result, this area remains an integral component of the overall assets, gains comparability with other asset classes and can thus be allocated more consciously as part of the overall strategy.
For our customers, the digital solution means that they have all information at their fingertips in a completely transparent manner at all times - updated daily. This means they always have a sound basis for decision-making, which they can use to weigh up future opportunities and risks in the best possible way.
Although the productivity of the family office usually only peaks in the wealth planning after the sale of the company, cooperation should be initiated before the exit. There are two reasons for this:
The first lies in building trust. Family offices work for clients over the long term, often for generations. Accordingly, their selection should be careful and long-term: Due diligence requires in-depth discussions, understanding and, above all, time. We therefore also welcome early contact, as this allows us to get to know you as early as possible, build trust and support you in your asset decisions from the outset.
The second is the sale itself. Thanks to our many years of experience, we have a large network of useful contacts to other service providers such as reliable lawyers or tax advisors, whom we are happy to recommend on request. As a result, we have already been able to help some of our clients plan their exit efficiently in advance.
Regardless of how your decision should turn out, we would like to share a few practical lessons with you if you are currently planning to sell your company and make an investment:
Ultimately, the added value of family offices lies in our unique combination of different services that relieve selling founders and owners of a wide range of hurdles. Whether strategic, communicative or technical - with experts from all asset classes and other contacts, we create the necessary financial stability and time freedom for new projects and plans. FINVIA also keeps its clients' "backs free" for a successful future. Last but not least, we ourselves are an owner-managed company that has gone through the development stages of a tech-savvy start-up with a clear vision.
Want to learn more? Further information on FINVIA can be found here.
About the author
Beatrice Reed
Beatrice Reed works as a Senior Family Officer at FINVIA. Born in Munich, she holds a Bachelor's degree in International Management and French (UMIST, Université Paris Dauphine) and a Master's degree in Management (London School of Economics and the University of St. Gallen) with distinction. She then began her professional career in London, initially at the management consultancy Accenture.
Beatrice Reed then moved into wealth management and has now been advising high-net-worth families, single family offices and foundations for almost 20 years - often with complex international and intergenerational structures. From 2006, Beatrice Reed worked at UBS in London for four years, followed by 6 years at Deutsche Bank in London. Since 2015, Beatrice Reed has returned to her hometown of Munich and, prior to Finvia, worked for the independent asset manager Hartz Regehr for almost six years as a senior client advisor and member of the management team.
