NEW YORK, NY--(Marketwired - September 19, 2016) - WE Family Offices announces today its support of the newly launched Wren Investment Office, an independent wealth advisory firm serving ultra-high net worth families. The new firm opens for business today in London and is backed by WE Family Offices and MdF Family Partners in Spain (WE, MdF). The association and collaboration of the three firms represents a significant step toward a global alliance of independent family offices and comes at a time when very wealthy families are seeking independent providers with global outlook and capability to help them manage their increasingly globalized wealth enterprises.
Wren Investment Office will serve as an independent family advocate, helping families to view their wealth as an enterprise and manage it as they would a business. The three firms, Wren, WE and MdF, will remain separate companies and will continue to advise and serve clients independently, but through their developing alliance will collaborate to leverage the investment opportunities, relationships and services of each firm. This will provide wealthy families access to a global platform with servicing options in the UK, Europe and the United States. This comes as WE Family Offices surpasses $5 billion in assets under advisement, while serving 70 global client families.
Mel Lagomasino, CEO of WE Family Offices, and Michael Zeuner, managing partner of WE, will serve as non-executive directors at Wren. "The launch of Wren Investment Office is an exciting development. The philosophy of sustaining family wealth by managing it like a well-run company has been highly successful here in the US and it is a philosophy our colleagues in Europe fully subscribe to," Lagomasino comments. "The team at Wren shares our commitment to independence, a simple fee structure and adherence to always putting clients' interests first. We look forward to working with Wren. Our alliance with Wren is a significant step toward building a truly independent, aligned and global wealth advisory service platform for ultra-wealthy families."
About Wren Investment Office
Wren Investment Office is structured to attract top wealth professionals and to facilitate succession in the years to come in order to be completely aligned with the objectives of families and institutions requiring top-quality, multi-generational wealth management. Outside of the London team, additional stability comes from share ownership and resources of MdF Family Partners and WE Family Offices. Through Wren's alliance with MdF and WE, international clients will benefit from servicing options in the UK, Europe and the United States.
Wren's senior management have a history of working with each other both at Lord North Street, together with Daniel de Fernando, and more recently at Sandaire. Wren is founded on the same operating principles which are shared by MdF and WE:
- As your outsourced investment office we work in partnership with you with the view to enhancing and optimizing your wealth
- A commitment to looking after your family's long-term interests
- We believe in focusing on what you need, not what the investment world wants to sell you
- No hidden sales agendas, or conflicts of interests
- Protecting your wealth lies at the heart of our investment philosophy
- No dominant family ownership
- Wren will be operating from its new premises at 8 Wilfred Street, London SW1E 6PL
- More information is available at http://www.wreninvestmentoffice.com/
About WE Family Offices
With offices in New York and Miami, WE Family Offices is an award-winning independent, family- focused wealth management firm, serving ultra-high net worth clients. The firm addresses the real- life challenges that deeply impact wealth so that clients are able to make the critical decisions necessary to manage, preserve and grow their wealth. WE is an independent advisory firm and has no interest in selling products, meaning there are no hidden sales agendas or conflicts of interest. As a result, the firm's advisors are free to offer their clients independent advice and serve as their advocate for the long-term, focused only on their best interests. WE Family Offices was most recently named Multi-Family Office Team of the Year by Family Wealth Report, and was listed among the Financial Times' Top 300 Independent Advisors in the United States in 2016. As of June 30, 2016, WE now advises on approximately $5.0 billion and reports on an additional $1.8 billion for a total assets under advisement or reporting of $6.8 billion. WE currently works with 70 families in the U.S. and abroad. Learn more at www.wefamilyoffices.com.
About MdF Family Partners
MdF Family Partners (MdF) is a multi-family office, which was established in 2008 by a group of investment professionals with long experience in private banking and asset management as well as law. The founding partners were: Daniel de Fernando, Daniel Gómez, Jose María Michavila and Javier Muguiro. Co-founding MdF at this time was a group of Spanish families. A component part of the business formed by MdF in the first instance was Gestefin, one of the oldest multi-family offices in Spain, which was created in the early 1980s.
MdF's clear mission is to manage the affairs and investments of families with large fortunes with absolute objectivity and professionalism and employing the best practice and advice that is truly independent and uniquely suited to each client family. This advice is conflict free without bias and without imposition of any in-house products or preference for an asset class that is inappropriate in the context of the declared investment policy. MdF, in particular, helps the individual family to define and execute their investment program and/or their family governance, constructing the strategy and asset allocation and selecting for them the best managers in each case and negotiating with them on their behalf. MdF draws on the many years of expertise of its founding partners integrated within the structure of a family office with more than 20 years' history.
MdF has assets under management and advice of approximately EUR1.5billion serving over 30 clients from its offices in Madrid, Barcelona, Geneva and Mexico.
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