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+ We Can Be Your Family Office - For Individuals and Families

• Work as a Collaborative Team with Family Members, Legal, Trust and Estate, and Investment Counsel to Advise on all Aspects of Wealth Management
• Advise, Design and Implement a Wide Range of Special Projects including “What If” Scenarios
• HR Functions including Payroll; Benefits Administration; Assistance with Recruiting, Staffing, Background Checks, Employee Evaluations
• Real Estate Issues Including Management of Real Estate Projects; Financial Accounting; Budget; Vendor Management
  

+ Specialized Client Accounting Services and Bill Payment

• Individual and Specialized Entity Bookkeeping and Accounting, including Private Foundations
• Client Accounting Services, Bill Payment, Wire Transfers, Cash Management Consult on Optimal Internal or External Bill Payment Systems to Streamline Segregation of Costs
  

+ Financial Reporting

• Weekly, Monthly and Quarterly Reporting for the Family or for Family Businesses
• Consolidated Reporting and Tracking of Investment Assets
• Management of Capital Calls, Stock Distributions, Tax Basis
• Tracking of Company Stock and Stock Options
• Net Worth, Cash Flow Analysis and Other Specialized Reporting
  

+ Trust and Estate Planning

• Implementing Philanthropic, Family Legacy Goals and Wealth Transfer Strategies
• Working with Counsel to Establish Private Foundations and Other Structures
  

+ Sophisticated Tax Advice, Planning and Compliance

• Preparation of Complex Partnership, Corporate, Trust, Foundation, Gift and Individual Income Tax Returns for all Family Office Entities and Members
• Determination of Quarterly Estimates for Trusts and Family Members
• Manage Streamlined and Timely Access to Hedge Fund and Private Equity K-1s; Year-End Tax Estimate Letters; Tracking and Preparation of Other Tax Related Documents
• Review of Income and Transfer Tax Consequences Associated with Various Investment and/or Other Transactions
• Expertise in all Foreign Holding and Investment Related Disclosures Required for Entities, Trusts and Family Members
• Expertise in Multi-State Filings and Issues
• Expertise in Family Limited Partnerships and Other Investment Partnerships That Have Carried Interest Allocations
• Determination of Trust Accounting Income vs Principal Associated with Flow-Through Income of Fund of Funds Investment Partnerships Owned by Trusts
• Advising on Qualified Small Business Stock and Optimal Integrated Income and Transfer Tax Planning
• Expertise with Special Assets such as Private Jets and Associated Tax Treatment
• Expertise and Assistance with Tracking of Tax Basis for All Partnership and Other Investments including Tracking of Section 754 Step Up Basis Specific to Certain Interests
• Federal and State Income Tax Examinations and Inquiries
  

+ Setting Up Your Own Family Office – All of the Above Plus

• Family Office Management Company Structuring Including Ownership Structure, Optimal Management Fee Arrangements Including Allocation of Fees and Other Operating Expenses Among Taxpaying Entities and Individuals Served by the Family Office, etc.
• Clarifying Philanthropic Missions; Setting up the Optimal Structure Including Guidance on When to Use Private Foundations vs. Donor Advised Funds for Certain Donations of Appreciated Holdings
• Determining Operational Model, Staffing Requirements, Job Descriptions
• Setting Up Accounting Systems; Establishing Procedures and Quality Control
• Internal Control Reviews and Risk Assessments of Your Family Office Operations
  

+ Family Office Success Stories

• Identified opportunities for clients to settle state income tax liabilities at discounts of up to 20%
• Reviewed family owned operating companies’ property and equipment additions following the regulations finalized in 2014, resulting in federal income tax savings totaling $7MM
• Determined that a $1MM state economic development grant was not included in taxable income
• Recommended structuring family office ownership to maximize ordinary deductions by charging family owned operating companies consulting fees
• Identified a tax planning opportunity for an elder Family Office matriarch who had more than $10MM in capital loss carryover as of the end of 2009. Proactively worked with the Family Office to realize gains within her grantor trust. Without this strategy, the heirs would have inherited the equity positions in the grantor trust without the higher bases achieved through our work