At Scandia, we are a family office working to build value through long-term, thoughtful investments.
What exactly is a family office?
According to investopedia.com, family offices offer an outsourced solution to managing the financial and investment side of an individual, single family, or multiple families. Private family offices provide a flexible funding opportunity for businesses seeking an infusion in funds and a valuable partnership. Unlike other types of funding, these offices are not beholden to the same standards as banks, finance firms, or other capital groups, and can evaluate and fund any investments they see fit with their core values. Family offices use their investment flexibility and business experience to provide essential financial management to families and partners that benefit all involved. Family offices care most about investments that meet their interests and values and would much rather have long-term, flexible relationships than one-and-done investments that are based solely upon returns.
Providing these services requires a comprehensive wealth management plan that is far beyond the capacity of any one professional advisor. Family offices exist through a well-coordinated, collaborative effort by a team of professionals from the legal, insurance, investment, estate, business, and tax disciplines. This team comes together to provide the scale of planning, advice, and resources needed for valued partners. Each team member in a family office is an essential element for addressing the pivotal issues families face when navigating the complex world of wealth management. Their expertise, in turn, is a valuable resource to each business that the family office chooses to partner with and invest in.
Sara Naison-Tarajano, head of Goldman-Sachs’ family office coverage team in the Consumer and Investment Management Division, notes that family offices are becoming a powerful force in the realm of asset management, especially in private markets. This is for a good reason: partners and families faced with succession planning, hefty operational costs, and other pressures are converting to family offices to manage their own funds and invest in partner companies in new and profitable ways. The desire to preserve family wealth and assets and create their own unique legacy based upon their core values and interests is a catalyst for this. Family offices are valuable to families and partners for their freedom to grow assets and investments as they alone see fit. Family offices are becoming increasingly popular and beneficial, but are also rising in the investment world as a new and autonomous way to both handle finances and raise capital.
Why should you partner with a family office like Scandia?
Scandia holds family at the core of our company, and our partners are an extension of that family. Family offices usually have a niche based on their interests, experience, and values, and Scandia is no different. When seeking out a family office to partner with, it’s important that you research the company’s mission, vision, values, and interests to make sure your goals and vision align.
Our mission is cultivating long-term relationships with partners and projects that align with our vision and values. Scandia specializes in achieving high-growth partnerships by building scalable service companies with an emphasis on the tech and service industries as well as building value in long-term, thoughtful investments in real estate holdings. That being said, we always have the ability to invest in any project or investment opportunity that we feel aligns with our core values and will result in a mutually beneficial investor-partner relationship.
We do not approach our investments based on returns or profit margins, but rather foster environments that maximize profitability for all involved by respecting the human element that is inherent in all partnerships. As a partner-centric family office, we put our expertise to work to add value to each and every investment and help our partners conquer any obstacle in their path.
Being a family office is what makes all of this possible for Scandia. We maintain a high standard of excellence while also understanding that we are partnering with real people. Above all, we strive to be flexible and adaptable while relentlessly pursuing excellence. If these ideals align with your pursuits, reach out to us to start a conversation. We are proud of our thoughtful partnerships and investments. You can learn more about our current investments by viewing our partnership portfolio and real estate holdings.