Given the inherent complexity of multi-generational wealth, strategy and coordination are essential. These two themes are the essence of family office services which are comprised of the following seven main components:

FAMILY STRATEGY & GOVERNANCE

  • Facilitate the establishment of family goals
  • Present wealth education topics (including investments, trusts, budgeting, etc.)
  • Organize and lead family meetings

ESTATE PLANNING

  • Identify planning opportunities
  • Formulate planning strategies with attorneys
  • Implement planning strategies
  • Manage trust and entity administration

TAX PLANNING

  • Develop planning strategies with accountants
  • Analyze tax issues and opportunities
  • Implement planning techniques
  • Gather and organize tax documents
  • Arrange tax payments
  • Review tax returns

CASH FLOW MANAGEMENT

  • Report historical spending by category
  • Prepare multi-year forecasts
  • Analyze spending rates
  • Optimize cash planning and management

PHILANTHROPY

  • Assist in establishing philanthropic strategy
  • Manage foundation and charity administration
  • Summarize year-over-year giving
  • Negotiate multi-year gifts with charities

RISK MANAGEMENT

  • Analyze property and casualty insurance coverage
  • Evaluate health insurance coverage
  • Analyze life insurance policies
  • Assess asset protection strategies

OTHER

  • Assist in real estate purchases and financing
  • Consult on private aircraft
  • Maintain electronic inventory of documents and records
  • Provide bill payment services