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FAMILY CONSTITUTION

FAMILY IDENTITY

To ensure the long-term durability of our wealth and its transfer to future generations, we decided to formalize a vision based on our values. Here are the main stages we went through in this process:

  • We gathered the core values that characterize our Family Social Capital,
  • We discussed why they are important to us and how to pass them on to future generations,
  • We determined how we will make decisions regarding the wealth,
  • We adopted an asset management strategy,
  • We understand what to consider when using the wealth and how it can safely support the beneficiaries,
  • We developed an education model for the next generation about the duties and obligations related to wealth,
  • The issue of inheritance was also one of the key topics of our discussions,
  • Wise helping (philanthropy) is a challenge we strive to meet,
  • Openness to people and collaboration should allow for faster and safer achievement of the  established goals,

All these aspects, along with many other significant elements, are included in the Family Constitution and form the long-term basis of our values and actions.

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INVESTMENT POLICY

WEALTH SECURITY

The Family Investment Fund operates without time limitations, it is modeled on perpetual funds (endowments). We invest in 4 asset classes. Each class is characterized by different: objectives, investment horizons and liquidity.

ASSET CLASSES

FUND OF FUNDS

  • Investments in funds: VC, PE, PD
  • Period: long-term (10 years)
  • Goal: Long-term high growth

PRIVATE EQUITY

  • Direct investments: MBO, MBI
  • Period: medium-term (4-6 years)
  • Goal: High growth

REAL ESTATE

  • Residential projects: estates, apartment buildings
  • Period: medium-term (4-6 years)
  • Goal: Stabilization

LIQUID ASSETS

  • Manager selection / Absolute return
  • Period: short-term
  • Goal: Liquidity

FOUNDATIONS OF INVESTMENT STRATEGY

  • Systematic analysis of the environment: Tactical asset allocation,
  • Monitoring: Monthly and quarterly reporting,
  • Responsibility: Avoiding investments harmful to the environment,
  • Co-investments: Collaboration with other family offices,

DECISION-MAKING

  • We make decisions based on an internal investment procedure.
  • We prefer collaboration with other family offices, advisors, or managers.
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NEEDS

CHARITY AND HEALTH

We have developed and implemented dedicated solutions related to specific family needs.

HEALTH PROJECT

We have created a private healthcare system with a range of preventive diagnostic services. Its goal is to ensure comprehensive prevention and the ability to act immediately in emergencies. The project is implemented in the dedicated medical entity MediFam.

medi-fam

CHARITABLE ACTIVITIES

We carry out charitable activities in cooperation with an experienced group of people who ensure that both the aid and our commitment reach those in need in the most efficient way. We support Society for the Care of the Disabled in Ustroń and the ZUZA Project.

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domek
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FAMILY SOCIAL CAPITAL

DECISION-MAKING, FAMILY HISTORY AND SHARED FUTURE

The foundation for ensuring intergenerational continuity of family wealth are long-term goals and decision-making efficiency. But the most important are family bonds that strengthen the shared heritage.

FAMILY ORDER

We have created procedures and appointed family bodies dedicated to specific tasks. Investment decisions are made by the Investment Committee while formal representation is carried out by the members of the company’s board and the Family Foundation.

FAMILY SOCIAL CAPITAL

Based on the Family Constitution, we strive to pass on values intergenerationally. We have developed an internal family education system on knowledge and duties towards wealth.  The identity, genealogy and family history are never neglected.

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FAMILY FOUNDATION

INTERGENERATIONAL DURABILITY OF WEALTH

Family Foundation is a key element of the intergenerational strategy. This legal form allows to settle the aspect of wealth inheritance without its division. It also makes  it possible to separate the wealth into investment and private parts.

KEY FUNCTIONS OF THE FAMILY FOUNDATION:

  • No division of wealth – guarantees the perpetual operation of family wealth in successive generations,
  • Wealth security – a long-term and unified wealth management strategy,
  • Benefits for beneficiaries – predictable use of wealth by beneficiaries, in the context of stability and liquidity,
  • Taxes  – the necessity of tax settlements at the level of beneficiaries’ benefits,
  • Philanthropy  – unstructured community activity,
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