Service Offerings
Financial and Investment Management
Construct and maintain a comprehensive family net worth statement
Design and monitor a one-page family entity schematic showing the ownership of economic interests that each family member possesses in the various family entities
Create a one-page summary for each family entity that details the legal name, legal type of entity, taxpayer ID #, formation date, termination date (if applicable), ownership structure, list of officers/partners/trustees/beneficiaries for the entity, as well as the explanation/rationale for the entity’s formation and useful purpose
Perform due diligence on traditional and alternative investment managers and strategies
Develop investment education programs for clients/family members
Wealth/Estate/Income Tax Planning
Evaluate whether overall tax objectives are being met (e.g., tax minimization, wealth transfer planning, charitable initiatives, etc.)
Review current estate plan and make recommendations to consider for future planning
Design and implement, as needed, estate planning entities such as trusts and family partnerships in concert with client’s legal counsel and tax accountant
Create a summary of client’s existing insurance coverages and evaluate whether appropriate coverage types/limits are in place
Provide coordination of income/estate/gift tax information with outside CPA’s
Calculate and maintain tax bases of investment assets
Recommend type and maintain records of annual exclusion gifts for family members
Recommend form of donations to charities (e.g., cash, appreciated stock, etc.)
Conduct periodic individual/group meetings with family members to ensure that family objectives are being met and to make sure that any updates are incorporated into documentation
Work with financial institutions to obtain various forms of financing (e.g., lines of credit, mortgages, loans)
Information Management
Data aggregator for all financial statement information received from various brokerages, banks, and other external asset managers
Prepare investment and management reports on a periodic basis
Ensure that newly created entities are integrated into the family’s financial and management reporting platform
Implement and maintain document management system for:
Estate planning documents
Organizational documents
Insurance documents
Broker statements
Periodic valuations of business assets, partnership interests, etc.
Appraisals (real estate, art, etc.)
Partnership capital account statements and K-1’s
Investment communications