The New York City-based Witter Family Office, which specializes in investments of various types, announced that they will be expanding into Austin, saying that the strategic move into the progressive Texas city will be beneficial for all involved.
The announcement was made on Oct. 12, according to PRNewswire.
"Establishing our Austin office is a reflection of the economic growth that we are witnessing in the region. Austin has become a significant center for technology, consumer and industrial business growth, and our presence here recognizes that new and existing businesses benefit from local, collaborative-capital partners to complement their current investment objectives and strategies,” Sherry Pryor Witter, managing partner, co-founder, CIO of the Witter Family Office, said.
Texas is a business-friendly climate, making the move into Austin a smart one for the company, particularly due to its market growth in partnerships and investments.
“As Texas continues to promote business-friendly policies, we will see increased growth in, and around Austin,” Pryor said.
Pryor has been instrumental in the company’s success. Outside of Witter Family Office, Pryor is involved in more than 100 businesses and has invested in more than 30 projects.
“The Witter Family Office is well-positioned on the ground to maximize this accelerating market," Pryor said.
The company’s areas of focus are liquid equities (commodities, options, volatility, electricity, etc.), private equity, venture/ crypto venture and liquid crypto.
The company was founded in 2011 with Pryor and her husband, Michael Witter. She handles the investment arm of the company and operations for the family office. Twitter is the grandson of legendary Dean Witter, who brought Wall Street to Main Street and remains heavily invested in philanthropic giving, just as his grandfather was.
Pryor is committed to finding managers and traders who can benefit the company, as well as bringing investments into the crypto and blockchain sectors.