If you hear the words “family offices”, and you imagine unaffordable service intended for ultra-high net worth companies only—then you’re wrong. US-based family offices, such as the Brian Gaister Pennington Partners & Co., can also be a good funding resource.
Attaining resources is among the major trials business beginners and prevailing establishments face. When securing financiers becomes far more difficult because of the evolving investment situation and unpredictable markets, managers ought to be more imaginative and more intelligent in their funding ventures.
Family offices like the Brian Gaister Pennington Partners & Co are often misunderstood. Once you learn how a family office like the Brian Gaister Pennington Partners & Co invests in new ventures, then it will help you jumpstart your new business.
Family offices may serve a single, ultra-wealthy family or cater to multi-national companies to lengthen and strengthen their expertise. The latter type, such as the Brian Gaister Pennington Partners & Co, is a well-coordinated effort by a team of Certified Investment Management Analyst (CIMA) certified mentors and Certified Private Wealth Advisors (CWPAs). They oversee the legalities, estate, and investments of companies.
Brian Gaister, co-founder and chief executive officer, Pennington Partners & Co., has a wide array of experiences in managing and advising successful families.
Applying for private investment is an option that new companies should consider if they want to maximize their fundraising efforts. Investor confidence and participation are growing as private investing becomes more accessible, straightforward, and structured.
Private investment, angel investors, crowdfunding, grants, and loans are just a couple of the many funding options you can tap. If you get lucky in finding whom to contact, you then have the challenge of persuading them to fund your business. However, you will go through setbacks before bearing any significant progress.
If you are a tech enterprise looking to acquire seed fundings, then private investment firms and family offices are financing sources you can explore. Checkout at Brian Gaister
A family office, such as the Brian Gaister Pennington Partners & Co, can:
…provide startups with valuable contacts
This one is a no-brainer. Since family offices are dealing with mega-high net worth clients, they can, of course, introduce you to them as well. Associating with a family office can help you gain contacts that may add growth and leverage to your new company.
…be resourceful in situations where markets may possibly dysfunction
Great family offices are led by individuals who are highly resourceful and experienced in handling business contingencies. For example, Security and Exchange Commission (SEC) registered family offices can provide advice about securities like mutual funds, commodity pools, stocks, and bonds. They can also advise companies on market trends, which is valuable for startups if they want to stay on par with their competitors.
…be more patient as investors compared to traditional investors
Most investors today, although interested in what startups have to offer, are usually impatient and picky in choosing companies to fund. This leads to a scarcity of seed funding for startup companies. Before, family offices were also like this, but the trend has already shifted.
For example, when Social Quant owner Morten Middelfart was hunting for seed investors, he was referred to a local family office, Atlantic Merchant Capital Advisors. In just one informal meeting, he landed a high-figure investment coupled with advice, client references, and office space.