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There are probably no clients left among you who have not heard about the Family Constitution. On this topic, we have read a huge number of books, taken part in various trainings and conferences, and have already helped more than one family to prepare a succession plan. However, if some time ago you had asked whether the rule “the shoemaker’s children go barefoot” applied in my family, the answer would have been YES. And I decided to change that.

Family governance. How is it beneficial for your family?

For some time now in Lithuania we have been hearing and coming across articles on the topic of family governance. As Lithuania marks more than 30 years of independence, not only have private businesses grown, but families themselves have also grown and developed. It is natural that, having built up businesses, we now turn back to the family and reflect on how much the family has contributed to the success of the business, how much the business can contribute to the well-being of the family, and how to preserve the business or accumulated assets so that family members can enjoy the fruits of long and hard work.

Do you manage your assets responsibly?

It is often mistakenly believed that only very wealthy older people should think about responsible asset management and planning. However, if you have a family – especially if your family is fully or partially dependent on you – or if you own a business, you should also ask yourself whether you manage your assets responsibly.

INVL Family Office is expanding its geographical reach – investment services will be provided by its branch in Estonia.

The branch in Estonia of INVL Financial Advisors, a brokerage firm belonging to Invalda INVL, the leading asset management group in the Baltic States and operating under the INVL Family Office brand, has begun providing investment services.

The Head of the INVL Family Office has been appointed to the Board of INVL Asset Management.

Asta Jovaišienė, Head of the INVL Family Office, has been elected to the Board of INVL Asset Management, the leading alternative asset manager in the Baltic States. She will replace long-standing board member Nerijus Drobavičius.

Despite the upbeat sentiment in 2023, it is important to remain vigilant.

The year 2023 was an excellent one for financial markets. The main equity indices rose by 15%–25% over the year, recouping what had been lost during the correction in 2022. US company shares performed best, followed by Europe, while emerging market equities delivered the “weakest” result with an annual return of “only” 10%. Investment-grade government and corporate bonds in euros generated returns of 4%–6% last year. After a negative start to the year, the last two months were among the best for bonds in the past twenty years. The past year was weaker only in the commodities sector, where, as supply and demand came back into balance, the market went through a normalization phase.

INVL Family Office will also provide investment services in Latvia.

INVL Financial Advisors, a brokerage firm owned by Invalda INVL—the leading asset management group in the Baltic States—and operating under the INVL Family Office brand, has established a branch in Latvia to provide investment services.

For those who prefer listening rather than reading

Family office, investment management, philanthropy, succession planning | Asta Jovaišienė | #31

Why is a family office needed?

Asta Jovaišienė, Head of INVL Family Office, participates in the show Verslo pulsas (Business Pulse).

Over the past 10 years, as new players—family offices—have emerged in Lithuania’s financial market, their operating model and the services they provide are still known to only a few. Unlike the handling of everyday financial matters in traditional financial institutions, family offices address far more sensitive needs of families in addition to wealth management.

During the show, we will discuss what family offices do, what services they offer, and who their main audience is. We will also explore the fascinating history of family offices and why they appeared in Lithuania relatively recently.

What is the mission of an investment strategist in a family office?

Mindaugas Mažeikis, Investment Strategist at INVL Family Office, participates in the show Verslo pulsas (Business Pulse).

What principles are important when managing and investing family wealth? What is a family wealth investment strategy, and why is it needed? How do family offices help manage investments?

During the conversation, we will also discuss how the composition of family wealth in Lithuania compares to that in the rest of the world—what is similar and what differs. We will not overlook recent global geopolitical and economic events that have influenced family wealth management.