Family Offices

Many families with family offices have found that turning the bill payment and bookkeeping chores over to our professionals is a very valuable change. In essence, we work as the “back office” for the family office. Our twenty-plus years of personal bookkeeping experience enables us to manage the process more efficiently, and often helps us to see potential problems that might slip by others.

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

Many families with family offices have found that turning the financial and bookkeeping chores over to our professionals is a very valuable change. In essence, we work as the “back office” for the family. This brings many benefits to the families of which it supports. Among them are the following: 

It frees administrative and support personnel from dealing with financial matters – often an uncomfortable situation for both the employees and the family members. Our services assure that personal finances remain personal.

It eliminates potential liability issues in the case of misuse of family funds by administrative staff. The occasional payment that is written in the office will be more carefully scrutinised than a stack of thirty or forty payments might be.

It saves operational costs. Because we handle everything and our work is very efficient.

Our normal monthly fee would be only a fraction of having a full-time bookkeeper on the staff.

It may provide 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.

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 can provide bookkeeping for multiple family entities – trusts, family limited partnerships, investment companies, etc. and consolidate the information into one overall report for the family members and advisors.