Family Office

We act as your family's personal CFO. Our exclusive family office team is dedicated to servicing ultra-high net worth investors.

We are there for your family

We offer a total outsourced solution to accommodate the daily management of your family's financial and investment needs , helping you with personal accounting and net worth reporting, tax and accounting services, bill pay and mail management, and budgeting and cash flow planning. 

 

Personal Accounting and Net Worth Reporting

  • Preparation of consolidated statements of net worth including: Balance sheet, Profit & loss, Cash flow statements
  • Asset allocation and performance reporting.
  • Tracking tax basis and fair market value of all assets such as investment partnerships and properties.
  • Monthly expense reports.

Tax and Accounting Services

  • Entity accounting for trusts, family partnerships and non-profits.
  • Tax coordination including organizing and providing all source documents to tax preparers and payment of estimated tax payments.
  • Coordination, delivery and management of tax planning ideas, strategies and techniques including training and implementation.
  • Document Management and Storage
  • Secure record keeping and document storage in electronic format including all permanent documents (e.g. wills and trusts, partnership agreements and tax information).
  • Client portal option for accessing electronic documents.

Budgeting and Cash Flow Planning

  • Annual budget preparation for individuals and families including projected cash flow reports and budget to actual reporting.
  • Cash management including monitoring bank account balances, transfers between accounts and forward looking to prepare for any liquidity needs.
  • Project spending budgets including major property renovations.

Bill Pay and Mail Management

  • Pay bills and bank statement reconciliation.
  • Payroll administration coordination for household employees.
  • Monitor credit card activity and reconciliation.
  • Dispute resolution and invoice negotiation.
  • Vendor usage evaluation (e.g. monitoring large swings in utility bills).
  • Mail management including scanning all incoming mail and then shredding mail for security purposes.
  • Detailed reporting and analysis of expenses.

Want to learn more?

Because our Family Office Service is custom tailored to your needs, the best way to learn how it can help you and your family is to talk to a professional.

Request a Consultation

Our People

 

Gerald Graves
Gerald Graves Head of Wealth Management, West Coast
Gretchen Lucas Managing Director Managing Director, Family Office Servcs

Our Thinking

 

Wealth Management services are offered through Boston Private Wealth LLC, a U.S. Securities and Exchange Commission Registered Investment Adviser. Boston Private Wealth LLC is a wholly owned subsidiary of Boston Private Bank & Trust Company.

 

ADV Brochure  |  ADV Supplement

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