Family Office

 

 

Personal Services

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[su_column size=”1/2″] Many families with family offices have found relief in turning the bill payment and bookkeeping responsibilities over to our professional bookkeeping team. This enables us to manage the entire process more efficiently and often helps us see any potential problems that might slip by others.

Some families have multiple residences, planes, boats and automobiles – all of which need to have their own maintenance and operation expenses that need to be tracked separately. [/su_column]
[su_column size=”1/2″] Whether it is sending the monthly rent check to your daughter in college, remembering to send the estimated tax checks, paying the repair man who sent a bill last week or dealing with domestic payroll issues – these are just some of the myriad things to remember every month.

Another very important aspect to this is that we can provide “a second set of eyes” on the books, which considerable sums of money pass through every year. By reconciling bank statements, coordinating closely with the family bankers and other advisers, we can greatly improve the integrity of the family’s finances.
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Benefits of outsourcing your bookkeeping

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[su_column size=”1/2″]Frees administrative and support personnel from dealing with financial matters- often can be or may lead to an uncomfortable situation for both the employees and family members. Ours services assure that personal finances remain personal and confidential.

Eliminates potential liability issues in the case of misuse of family funds by administrative staff. The occasional check that is written in the office will be more carefully scrutinized than a stack of thirty or forty checks might be.[/su_column]
[su_column size=”1/2″] Saves operational costs. Because we handle everything in one centralized location, use highly computerized accounting systems and our own check printers, our work is very efficient. Our normal monthly fee would be only a fraction of having a full-time bookkeeper on the staff.

Provides better financial data and control, allowing families to manage their own finances more efficiently. We will coordinate with other financial services providers to consolidate reporting when needed.
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It makes other financial services – such as tax preparation, financial planning, estate planning, etc., more efficient and accurate. This enables families to meet their financial goals more effectively. We consolidate the information into one overall report for the family members and advisers.