Family Office Financial & Management Services:

The intent is to provide the client with part-time support roles that would typically align with the roles of a business General Manager, Chief Financial Officer, Controller or Project Manager.

The goal is to provide relief to family members in their day-to-day asset management and financial affairs responsibilities ... focusing on the practical as opposed to 'wealth management'.

  • Family Goals and Objectives - Determine and document.
  • Budgeting and Accounting - Establish budgets and computerized accounting systems to track assets, liabilities and expenditures. Prepare summary reports for family and advisers.
  • Income Tax, Estate and Philanthropic Planning - Act as a coordinator between the family and its team of advisers.
  • Investment Monitoring - Assist the family in reviewing asset allocation and tracking investment performance.
  • Document Administration - Insure systems are in place to allow for timely access to important documents and records and that they are secure and safeguarded.
  • Household and Family Computer Systems - Implement strategies to promote security and assure back-ups.

Value and Cost Savings - The above services offer the potential for significant increased asset value and at the same time, opportunities will arise for substantive savings in costs … whether it is tax savings or decreased annual costs from family advisers or other service providers.
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