ONE FAMILY OFFICE, an innovative multi-family office providing a new dimension in professional wealth management and protection, is coming to the market. It provides solvent families and individuals comprehensive advisory services with international reach and for maximum client convenience. ONE FAMILY OFFICE was established in cooperation with the largest Czech-Slovak law firm HAVEL & PARTNERS. The combined assets under management of the founders, partners and a limited circle of business friends who participate in the ONE FAMILY OFFICE platform amounted to CZK 7.5 billion as at 1 January 2024. By merging with other selected or pre-negotiated partners, the multi-family office is to be on track to reach the USD 1 billion necessary to successfully operate in the international market during 2024. Senior members of the ONE FAMILY OFFICE team are based in Prague, Bratislava, London and Dubai; in 2024, the multi-family office is planning to expand its operations to open offices in Zurich and Frankfurt.
The services of ONE FAMILY OFFICE are based on comprehensive advice for high-net-worth families and individuals with disposable wealth of USD 10 million (comprehensive services). Nevertheless, ONE FAMILY OFFICE also provides individual co-investment opportunities for partners with disposable assets exceeding USD 1 million. According to available data and studies, there are about 50 thousand people in the Czech Republic and Slovakia with wealth exceeding USD 1 million and some 3 to 4 thousand people with a total wealth above USD 10 million.
“When you achieve success in business or another activity and manage to build up a certain amount of assets, the question arises as to how to manage them effectively so that they do not lose value and continue to develop. This is a question that we have addressed ourselves. Already in 2012, we slowly began to create a system for the comprehensive management, protection and financial management of our own assets built up through our legal practice. Now, after more than 10 years, we enable other business friends to become an equal part of this system and enjoy the benefits of our multi-family office on a partnership basis. For this purpose, we have established ONE FAMILY OFFICE, which enables not only sharing experience and co-investment opportunities on a club basis, but also participation in joint projects and closer connection of participating persons and families,” said Jaroslav Havel, partner of ONE FAMILY OFFICE and managing partner of HAVEL & PARTNERS.
Based in Prague, ONE FAMILY OFFICE is an entity managing private investments of shareholders of HAVEL & PARTNERS, the largest law firm in Central Europe. It primarily manages funds of the partners of HAVEL & PARTNERS and several close business friends. It focuses on investment management and operates independently from H&P’s core business of legal services.
An integral part of the unique combination of ONE FAMILY OFFICE services is access to top-notch service in legal protection, risk management, tax and accounting consultancy, corporate finance, health care, personal and data security, and reputation protection. The professional team will also take care of all statutory duties, including administration. ONE FAMILY OFFICE also brings its business partners extensive co-investment opportunities in the Czech Republic and abroad, including their regular evaluation.
The team consists of 15 top investment professionals with extraordinary experience from abroad and from the largest Czech-Slovak financial groups or family offices, including 4 partners, as well as a supporting team of HAVEL & PARTNERS’ Private Clients practice group comprising approximately 50 legal, tax and accounting advisors with unique know-how in asset management and protection.
Besides Jaroslav Havel, another partner of ONE FAMILY OFFICE on the consultancy’s part is David Neveselý of HAVEL & PARTNERS, who is responsible for asset protection and strategic asset management at ONE FAMILY OFFICE. “We provide comprehensive services for structuring the holding, protection and long-term management of private and business assets. And this includes an appropriate scope of fiduciary and trust services – especially with respect to the very popular private foundation and holding company solutions. We focus on protecting assets from adverse influences and the impact of family storms or unfortunate events," David Neveselý explained.
ONE FAMILY OFFICE’s partner in charge of investments is Kateřina Zychová, CEO of Verdi Capital, who has many years of experience working for large investment banks in New York's Wall Street and in the City of London. "At ONE FAMILY OFFICE, we analyse and evaluate opportunities in which we want to invest ourselves. The breadth of international and local contacts provides us with a unique range of knowledge – regular briefings from analysts at top global investment banks, Swiss or London-based private banks, as well as leading asset managers from the CEE region, information from private equity, venture capital and hedge funds. According to our findings, we offer a unique multi-family office service that is exceptional in our region for its breadth of information, team of experts and international reach. We believe that we are absolutely unique in this respect and can provide high-net-worth families with an excellent analytical and investment environment,” said Kateřina Zychová.
Another partner of the firm is Peter Bálint, who previously worked in a leading Slovak single-family office or as a portfolio manager of hedge funds. At ONE FAMILY OFFICE, he is responsible for foreign investments. “Our aim is to introduce our business partners to opportunities that are unavailable here and that basically no one has made in our region so far. We want to facilitate invstments and co-investments with top names – the Rolls Royce in investment, private equity, venture capital, hedge funds or other alternative investments,” said Peter Bálint. Nevertheless, the safety of the investment is crucial and always takes precedence over potentially higher returns.
The basic distinction and the reason for the creation of ONE FAMILY OFFICE was the need to invest efficiently and internationally. “That is why we contacted professionals with investment experience abroad. We have also been inspired by the principles of Warren Buffett and Charlie Munger in their company Berkshire Hathaway, who are considered the best investors since World War II, and we also draw on the principles of Ray Dalio, who built Bridgewater, one of the most important private companies in the United States,” added Jaroslav Havel.
Besides the Czech Republic and Slovakia, the senior team members are also active directly in London and Dubai. The multi-family office is also planning to open offices in Zurich and Frankfurt, where HAVEL & PARTNERS is also planning to have direct representation.
Structure of ONE FAMILY OFFICE makes investments abroad and plans to invest in shares, bonds, as well as top hedge funds, private equity funds and venture capital funds, particularly in the USA. In addition, it also invests in individual private deals in venture capital, growth equity and IPOs on foreign stock exchanges, or in various real estate funds or individual properties.
The services ONE FAMILY OFFICE are targeted at high-net-worth families and individuals, which may include successful entrepreneurs or managers who, after decades of practice, have accumulated a large part of their private assets. However, the clients also include top athletes with exceptional incomes whose careers may come to an abrupt end and are looking for someone to help them protect and grow their existing wealth. In addition, our expertise can be a benefit to successful people at the end of their careers who have no successors in asset protection and management and are looking for a workable solution for their family and future generations.
ONE FAMILY OFFICE closely cooperates and will expand cooperation with other single or multi-family offices in the Czech Republic, Slovak Republic and abroad; and creates an open cooperative architecture (platform), especially in the area of investments.
In addition to dedicated practice groups focused on investment opportunities, wealth management consulting, concierge services, fiduciary services or philanthropy, ONE FAMILY OFFICE can also rely on an Advisory Board. This is a loose association of respected investment, economic and business figures comprising representatives of entrepreneurs, investors and senior executives, clients and business friends of the group. The aim of this informal platform is to develop business over the long term, to share experience and know-how as well as investment ideas and opportunities, and to further support the intellectual, relational and financial development of the ONE FAMILY OFFICE Group, its members and partners.
“We want to enable the business partners of ONE FAMILY OFFICE to use our intellectual and relational know-how, including marketing and business development, to protect our assets together. In doing so, we pride ourselves on solid value pillars such as strategic thinking, individual approach, a top-notch team and developing long-term partnerships. We believe that success is not just about short-term profits, but about vision, patience, and an emphasis on values and ethics,” concluded Jaroslav Havel, Partner of ONE FAMILY OFFICE.
