Germany is known for having a strong economy supported by very skilled labor. There are a number of very successful companies in Germany that have helped the country become the economic powerhouse it is today. This economic success has led to a high level of wealth in the country and family offices have become more popular as of late to help serve the needs of the wealthy families and high-net-worth individuals.
The following free guide to German Family Offices will help you better understand German family offices and provide you with resources to learn more about Germany. You should also check out our 100% free book on family offices.
Introduction to Germany
Germany probably needs little introduction because it has long been a major player in international business and its central location in Europe has made it a key member of the European Union. Germany has a stable government, a strong financial system and an economy that has recovered remarkably well from the financial crisis. Germany is the world’s fourth largest economy in terms of nominal GDP and the fifth largest in terms of purchasing power parity. Of the world’s 500 largest stock-market-listed companies measured by revenue in 2010, the Fortune Global 500, 37 are headquartered in Germany.
All of the economic successes listed in the introduction explain the large amount of wealth in the country. Germany has been an economic power in Europe for years and the number of successful businesses in the country have led to a high number of wealthy families and high-net worth individuals. There are many family offices in the country and surrounding European nations that are looking to serve these wealthy clients.
Family Offices in Germany
It is sometimes thought that Germany is not a ripe location for family offices because Germans are often said to be skeptical of alternative investments like hedge funds and therefore will be less open to a family office that invests in alternative investments like private equity and hedge funds. However, a recent study found that this is not the case. German family offices actually invest quite heavily in hedge funds, which surprised many analysts. In fact, among the surveyed German family offices, many of them said that they expected to increase their allocations to hedge funds.
This finding suggests that the German public and German family offices are warming up to hedge funds and other alternative investments which is a good indicator that family offices will similarly grow in the country as more and more wealthy families seek to make greater returns and protect their wealth through family offices. Furthermore, there are a number of very popular family office events held in Germany because there is such a high interest among wealthy German families and high-net-worth individuals in family offices.
As Germans continue to warm up to the idea of family offices and hedge funds, we expect even more family offices to open in Germany.
Germany Family Office Resources Guide
Germany Family Office Resource #1: There are very few books written on the family offices niche so I thought I would provide a link to this book. It is written in German, but it translates to “Alternative business models for family office solutions – German Edition.”
Germany Family Office Resource #2: An article that takes you for a look inside Germany’s GPD and Economic facts.
Germany Family Office Resource #3: If you are looking for contact details of family offices places such as Germany you may want to consider using a Family Offices Database. A Family Office Database provides you with the complete contact details for 100′s or sometimes even up to 1,000 global single and multi-family offices within an easy to use Excel spreadsheet format. Learn more about this by clicking here.
Germany Family Office Resource #4: This private equity article talks about how Germany has been more welcoming of buyout firms. The companies are recognizing that private equity investments do improve company performance and create more jobs.
Germany Family Office Resource #5: This is a great article showing that Germany offers a wide range of investment product choices and this article gives you all the ins and outs on how to invest in Germany and get the most out of it.
Germany Family Office Resource #6: Here is an article explaining why Germany’s cities are catching the eye of foreign investors.
Germany Family Office Resource #7: Take a look at this chart representing Germany’s GPD growth from 2009 to projected 2021.
Are you an employee or manager of a family office in Germany? Then we’d like to keep in touch with you. Simply send us an email at Richard@RichardWilsonCapital.com