Finding the right allocation to reach long-term goals

When Forea was established some 10 years ago, there were no multi-family offices in Finland and only a handful of single-family offices – typically with long histories. ”At that time, the family office wealth management concept was only emerging in Finland,” says Carolus Reincke, chief investment officer of Forea Family Office, during an interview in its centrally-located Helsinki office. He has also observed a greater interest in Finnish family offices from the product providers. “Today family offices across Europe are growing, so we’ve absolutely noticed that sales efforts are increasing,” he says.

Forea was founded in 2015 as a Helsinki-based multi-family office and wealth management boutique that represents and serves select families, ultra-high-net-worth individuals and foundations. The company provides advice for some 30 families. “We currently have half a dozen portfolios in the on-boarding process both from families that we already serve as well as some new clients. We see increasing demand for our services,” says Carolus Reincke. Before taking on his current role in 2021, he spent some eight years at Mandatum, most recently as head of multi asset solutions and sustainable investing. He has previously also worked as an analyst