The future of your wealth 01
Your family office for today and tomorrow In many cases, the life achievement of several generations culminates in a fortune, which deserves the highest acknowledgement and appreciation. Our prime objective is to maintain and increase your wealth, especially in a constantly changing environment. Professional client support means setting high standards. Your family office requirements must be clearly defined and address your exclusive demands: Is my unique asset situation with its different constellations, requirements and challenges understood right down to the finest detail? Is there an individually tailored service offering with proven competence, experience, resilience and success? Can the team offer long-term reliability and security; ultimately, can I trust it? Does the consultation meet my expectations in terms of contacts, availability and business culture? Here at Deutsche Oppenheim Family Office, we can answer all these questions with a resounding yes. At the same time, we promise to employ all our expertise and experience to strengthen, secure and future-proof your entire asset portfolio. When we say all your assets, we mean exactly that. Real estate, private equity and company investments are just as important to us as your liquid assets. Your goals and desires provide the framework for our actions. You thus receive a modular service model, tailored to your individual asset situation and profit from the open dialogue and personal consultation with members of the Executive Board and the extended Executive team. Our work is based on trust and responsibility, exclusivity and empathy, discretion and discipline. It is result-oriented and sustainable. Take us at our word! Dr Thomas Rüschen, Chairman of the Executive Board 03
Our promise: Performance made to measure Your high demands are the focus of our actions when it comes to protecting and strengthening your entire portfolio of assets, aligning it effectively and securing it for future generations and challenges. We know that taking care of large asset portfolios requires maximum attention and professionalism. A clear strategy, visionary planning, precise monitoring and conscientious control form the solid foundation of our modular service spectrum. This is always based on the individuality of your asset situation and your goals. Your tailored individual mandate will reflect the uniqueness of your asset structure. Thanks to a holistic, result and future-oriented service offering along with broad and in-depth consulting competence, we are ideally suited for this. 04
Tailor-made service is a promise that we are happy to make as an established family office with a track record of partnership-oriented client support of over 20 years. We set standards as the union of two family office pioneers in the German market, Oppenheim Vermögenstreuhand and Wilhelm von Finck Deutsche Family Office. With our expertise, we have assumed responsibility for the assets of entrepreneurial families, foundations and churches as well as those of institutional investors, for many years. The affiliation with Deutsche Bank Group not only guarantees the strength of an internationally acclaimed financial market partner, but also provides access to a global network with an extensive range of additional specialists and solutions, which we use exclusively in your interest while also guaranteeing discretion. Commitment and responsibility for the portfolios we are entrusted with form the basis of a long-term partnership with a sustainable record of success. As an independent advisor and reliable companion, we speak your language. 05
Your mandate: Holistic support from a single source Our broad spectrum of services places us among the leading asset-managing family offices in Germany and Europe. Our unique selling point is the decades of experience in the comprehensive support we offer you from a single source from the traditional management of estates, through special individual services, right down to controlling your entire portfolio of assets. As a client, you not only profit from our in-depth expertise, but also from a service offering that is second to none in terms of breadth, depth and quality a leading position we will continue to build on and use in your interest. Core competency: Adminstration of family and foundation assets We draw on our extensive knowledge and benefit from our reputation most of all when working with major family and foundation assets. When it comes to actively structuring and managing the private assets of entrepreneurial families, we see ourselves as an element of the total structure of the complex business, legal and fiscal environment, as a neutral intermediary between individual interests, commitments and obligations. Family governance is a fixed and integral component of our family office services. We structure the entire family portfolio, develop a future-oriented investment strategy and, as understanding advisors, establish consensus between individual family members when taking decisions on succession, inheritance, partner structures or financial provisions. In addition, we are more than familiar with drawing up family constitutions, organising family meetings and supporting family advisory bodies. When managing foundation assets, balancing real asset preservation and long-term fulfilment of the foundation purpose is of particular importance to us. We meet this challenge by using a foresighted, disciplined investment approach where we primarily divide the foundation s assets into selected investment classes with attractive yield and value growth potential, all subject to defined sustainability criteria. At the same time, we regularly examine the portfolio structure to guarantee that sufficient yields and liquidity are generated to finance the foundation purpose as well as ensuring appropriate growth of the substance, in addition to its preservation. 06
Asset strategy: Jointly shaping the future Your investment preferences and security needs, as well as your personal life and asset situation, provide the organizational framework for developing a future-oriented asset strategy geared towards sustainable success. You can expect a high level of understanding in the preparation phase, as we invest in line with proven business principles in addition to our professional competence. We always start with a detailed analysis to determine and examine individual assets. This step is followed by weighing and quantifying opportunities and risks and examining possible investment processes in terms of their maximum feasibility across all asset classes. Considering your individual requirements, we develop proposals for strategic positioning of your assets on the basis of our analysis. When defining this long-term investment strategy, we place particular importance on maintaining continual dialogue with you. This way, we can determine a suitable line of action together with you with optimal investment guidelines and a reliable risk profile, so that your assets can be actively managed. The parameters agreed in the strategic asset allocation are the cornerstones of the success of our work. Components of asset analysis Personal characteristics Personal circumstances Knowledge of and experience with securities Affinity towards certain transactions Investment preferences Investment horizon Yield expectations Risk tolerance Liquidity requirements Framework conditions Fiscal / legal conditions Succession planning Structures under company law Definition of a personal investment strategy 07
Asset control: Setting benchmarks We accompany the asset strategy developed for you from the beginning, taking the utmost care and responsibility. After all, there is only one aspect that matters: to steadily increase your total asset value and preserve that increase for the long-term, for future generations as well. That is the objective upon which we base our actions, when managing every aspect of the asset portfolio. Based on your individual strategic asset allocation, our focus is broadly diversified and global. In addition, we use the entire investment spectrum to spread the value development across several pillars using a broad dispersion approach. If necessary, we involve experts in other disciplines and support you in a management of managers role when selecting and auditing suitable service providers. All individual measures are taken as part of a holistic consulting philosophy, where we use every determining factor, no matter how small, for goal-oriented, optimal value creation. At the same time, we regularly put the consolidated portfolio and its individual components to the test. Our risk management determines all developments and changes in your assets through intensive monitoring. This way we can identify and assess risks and control them responsibly, in your interest. Within a changing environment, we act with care and always think ahead. 08
Asset management: Sustainably securing growth Tailored asset management is a core competency of our modular service offering and distinguishes us as a leading family office. Using a performance-oriented, disciplined and independent investment approach, we always use the entire investment universe and apply our in-depth knowledge when implementing the strategy we developed together with you. Our credo when creating the portfolio structure is that we actively invest in excellent companies and debtors, rather than just passively in anonymous markets. We are an experienced and reliable partner, particularly in phases of contradictory developments in the capital markets and uncertainty in the investment environment. We provide impetus for your assets with foresight by seeking out new market opportunities, exploiting them creatively, and thus generating sustainable growth. We identify and qualify risks in your interest so as to avoid or consciously take them. Understanding and managing risks are fundamental elements of our asset management service. Our expertise is also reflected in other innovative investment solutions that we develop for long-term-oriented clients. These comprise both the Family Office Strategie (FOS) mutual funds FOS Rendite und Nachhaltigkeit and FOS Performance und Sicherheit with a sustainability approach that we established and consult clients on, as well as highly customised mandates and special funds. 09
Real estate: Strategic real estate consulting When determining investment strategies, real estate often is an essential element in the total diversification process, allowing the realisation of stable returns in combination with value preservation. However, the business aspects and risks of real estate investments are hereby often overlooked. Real estate assets should be acquired and treated holistically, analogously to liquid assets, since the real estate sector is subject to market cycles and changes as well. The three areas of strategy consultation, real estate management (including transaction management) as well as reporting and controlling are at the heart of considerations. Due to the intransparency of real estate markets it is all the more important to take well-founded investments decisions and stay the course. For this purpose and together with you, we develop decision-making aids and approaches that correspond to your preferences and disposition, taking into account quantitative and business findings. From considerations between direct and indirect investment decisions, organisation of acquisition and sales processes, all the way to the selection and control of appropriate technical consultants and asset managers, we hereby support you over the entire life cycle of the real estate object. 10
Equity investments: Entrepreneurial thinking and acting Objective of Deutsche Oppenheim is it to manage the total assets together with our customers across generations based on the strategic asset allocation. When resorting to this consulting approach, we devote the same attention to the illiquid investment class, as we allocate to liquid assets or to real estate. The complexity that is often associated with equity investments, requires intensive consideration of this asset class. Deutsche Oppenheim bundles expert knowledge under one roof and together with you develops a comprehensive strategy for your equity investments, establishes contacts to a network of cooperation partners, advises you selectively on specific individual investments and provides you with reporting and controlling tools for your equity investments. Together with you and based on your individual objectives, we define an equity investment strategy and in particular determine a risk-return preference. From the total market, we then select matching investment possibilities and offer them to you or broker the respective market access on basis of our quality analysis. Deutsche Oppenheim Family Office furthermore generates transparency with regard to existing investments via efficient reporting and controlling tools that can be integrated into the total asset reporting. These services can also be booked separately, and/or on a modular basis. Our commitment is to preserve asset value, minimise risks and to optimise the return generated by equity investments always tailored to the individual customer situation. 11
Controlling and reporting: Keeping an eye on objectives The development of your assets is comprehensively monitored and communicated to you regularly. We also discuss results with you. By way of frequent checks, we assess the key indicators of all asset elements on an ongoing basis and compare them to the agreed tasks and objectives. This process is like a seismograph that covers risk, yield, cost and fiscal criteria as well as scenario analyses and stress tests. We report the obtained results to you regularly and comprehensibly despite their complexity. On request, we supplement our offering with financial accounting services and provide relevant data to your tax advisor and auditor. In the context of transparent communication, the quality of our outstanding controlling and reporting ensure that we always have your assets in focus and maintain a goal and future-oriented balance between opportunities and risks. Asset controlling Reporting and controlling constitute the two basic components. Financial accounting is offered optionally, for instance, when investing via partnerships or corporations. CONSOLIDATED PREMIUM REPORTING AT TOTAL ASSET LEVEL Recording liquid assets Financial accounting Recording illiquid assets 12 CONTROLLING PLATFORM
Our mission: Superior support Your personal financial environment and the individuality of its structure are at the heart of our thoughts and actions. This corresponds to our self-image and principle of holistic asset support we have set standards with as a family office for many years. Your trust in our efficiency is a valuable factor that we preserve with the highest level of professionalism, discretion and reliability in our daily work. We use our own expertise and the broadly diversified, well-networked, specialized knowledge of our highly qualified employees. Through competent presentation and networking of all internal and external managers involved in the service processes, combined with open and honest dialogue, we develop a culture of partnership characterised by a high level of reliability and continuity. Paired with the readiness to always give the best for you and your assets, it is the ideal basis for a long-term co-operation and the sustainable focus on value preservation for your total asset portfolio after taxes, inflation and costs. We simply owe that to your high expectations and to our good reputation. Deutsche Oppenheim Family Office at a glance FAMILY OFFICE Investment management Strategy Controlling Asset management Allocation Individual mandates / funds CONTROLLING / REPORTING RISK MANAGEMENT 13
Executive Board: Stefan Freytag (left), Dr Thomas Rüschen (Chairman of the Executive Board), Dr. Jörn Matthias Häuser (right) Our words and actions endure. Your partnership with us is characterised by trust, reliability, respectability and continuity in every regard. We manage your assets responsibly, sustainably and in a disciplined manner. 14
Grasbrunn near Munich Deutsche Oppenheim Family Office AG Keferloh 1 a 85630 Grasbrunn Phone +49 89 45 69 16 0 Fax +49 89 45 69 16 99 Email: info@deutsche-oppenheim.de Frankfurt / Main Deutsche Oppenheim Family Office AG Bockenheimer Landstraße 23 60325 Frankfurt / Main Phone +49 69 97 16 11 02 Fax +49 69 97 16 11 05 Email: info@deutsche-oppenheim.de Cologne Deutsche Oppenheim Family Office AG Oppenheimstraße 11 50668 Cologne Phone +49 221 57 77 20 Fax +49 221 57 77 22 09 Email: info@deutsche-oppenheim.de Hamburg Deutsche Oppenheim Family Office AG Adolphsplatz 7 20457 Hamburg Email: info@deutsche-oppenheim.de
Notes and disclaimer These contents do not meet all requirements of ensuring impartiality of financial analyses. There is also no prohibition for their creator or the company responsible for their creation to trade in the relevant financial instruments prior to or after publication of this document. This document has been prepared with great care. However, as regards the information contained in this document, Deutsche Oppenheim Family Office AG assumes no liability or guarantee with regard to topicality, correctness, accuracy, completeness, profitability or suitability for a particular purpose. This neither constitutes an offer to acquire financial instruments, nor investment advice. These assessments do not constitute investment advice. They are, in particular, no action recommendations that were tailored to the individual circumstances of the customer. Tax Information The treatment of a financial instrument for tax purposes depends on the individual circumstances of the respective investor; this treatment is subject to future changes. This summary does not claim to deal with all tax aspects that could be important based on the individual circumstances of clients. Investors are therefore recommended to obtain advice in this regard from tax professionals. Confidentiality All information contained in this document (hereinafter referred to as confidential information ) is provided on a confidential basis and must be treated in the strictest confidence by the recipient, the recipient s staff members, and members of committees to which the recipient belongs. Confidential information must not be disclosed to third parties without any prior written authorization by Deutsche Oppenheim Family Office AG. Confidential information may only be disclosed to third parties following prior written authorization by Deutsche Oppenheim Family Office AG. This does not apply to the forwarding of confidential information to the recipient s advisors who have an obligation to the recipient to treat this information confidentially. Should the recipient of this document, the recipient s staff members, members of committees to which the recipient belongs, or the recipient s advisors be required by court order or official directive to disclose confidential information, the recipient shall to the extent that this is legally possible and may be reasonably expected under these circumstances inform Deutsche Oppenheim Family Office AG in writing about this without delay. The document and the information contained herein may exclusively be disclosed or published in jurisdictions where this is permitted under applicable law. The direct or indirect distribution of this document in the United States, UK, Canada or Japan, as well as its transmission to US residents an US citizens is prohibited. Deutsche Oppenheim Family Office AG 2017
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