The Swiss Finad Group has acquired 60% stake in Vienna-based Solutio Stiftungspartner. The Viennese company will operate under the name Finad Solutio. It will look after all the issues relating to foundations and large entrepreneurial families in Austria.
The merger of the two companies creates an independent multi-family office that will aim to advise Austrian clients on all aspects of wealth planning, organisation and structuring at the highest level. Four founders of Solutio remain shareholders and retain the remaining shares.
In addition, the Finad Group is expanding its partner group with the appointment of three new partners: Georg Burger-Scheidlin, Ferdinand Rossbacher and Hans-Georg Kinsky will be working in their respective fields for the subsidiary of the Swiss Multi Family Office.
Since 2013, the Finad Group has been present in Vienna in order to serve its customers in the European Union through a local office. In Hamburg, there has been a second branch since 2016. The acquisition will further expand company’s presence in the target market of Austria.
The Finad Group was founded in 1976 and offers individual structuring of large assets and family office services. The group provides its services with 26 employees in Zurich, Vienna and Hamburg.