Changing times for diverse family

A family that began in the early 1900s faced moving into the new century with an expanded and diverse family where the present generation needed to take control and start planning for the next.

Gero Bauknecht, president of Bauknecht Capital, has spent a considerable amount of time talking to family offices in Europe and the US. His research was an attempt to find the best of the best in order to structure his own family’s organisation.

In the end he and his brother, who co-runs Bauknecht Capital, decided not to use the term ‘family office’. “We used it for a while and were swamped with ‘advisors’. We’re an investment office. We deal with just one family but we are not ‘organising’ it,”