The Evolution of the Family Office Starts Here

Bill Perlette
Family Office Director

What is a Family Office?

The wealthiest Americans are also the most successful investors, and that is neither a secret nor a coincidence. We believe the reason is simple: they are served by Family Offices.

The Family Office focuses on the integration of tax, wealth, and risk management into one cohesive experience. Typically, in financial services, advice is segregated to very specific expertise versus connected across the different financial services disciplines.

Creating a cohesive and integrated plan can have the same impact once only reserved for the wealthiest. It is now available to every American family.

Why You Need a Family Office

We see that too many of our clients suffer from the conflicts, high costs, and inefficiencies that result from working with multiple, often competing financial firms. We have made it is possible for every American family to enjoy the advantages that were once only available to the ultra-wealthy.

Those advantages include lower costs, smarter tax treatment, and a holistic approach to preserving, protecting, and growing their wealth.

Our vision for a brighter future is to provide the professionals, the expertise, the systems, and operational controls required
to deliver the family office experience.

Latest Family Office Articles

For Retirees, “Buyer Beware” Remains Sound Advice

The long-awaited “final” rule from the Department of Labor will become effective on September 23rd of this year. It will mandate the fiduciary standard for investment advisors who work with ERISA plan participants. Investors should welcome this news but understand its narrow focus and remain vigilant in their dealings with investment product salespeople.

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Five Threats to Retirement Security and How to Solve for Them

The dream of retirement is a finish line, a rest from decades of work, and a reward for good behavior—after all, you’ve arranged things so that you won’t need to work again.
Unfortunately, for most Americans, retirement is not a finish line—it’s the beginning of a new phase of life filled with threats to their security and without the comfort that comes in the form of a paycheck.

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Taxes Should Be Job #1

For many business owners, taxes can be their largest single expense—larger than qualified plan contributions, larger than their mortgage, and sometimes even larger than the kids’ college education. If taxes take the biggest bite out of your nest egg, your tax strategy should be upstream from your investment policy statement.

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Six Reasons to Put Tax Policy Ahead of Investment Policy

Taxes First, Then Math is the decision-making paradigm of the ultra-wealthy, and for good reason. For several reasons, actually, and this blog will highlight some of them. Let’s begin with the core premise that the richest Americans overwhelmingly employ family offices to handle their financial affairs, and it’s hard to imagine a family office that does not have one or more tax professionals in a key client-facing role.

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Passive Investing Has Taken the Lead and Appears Unstoppable

As we learned in Hemingway’s The Sun Also Rises, life-changing events can happen in two ways: gradually, then suddenly. That is certainly the case for passive versus active investing. Vanguard launched its first version of an S&P 500 index fund in May of 1976, and it took nearly 40 years for index funds to claim a 30% share of the funds marketplace. Last month, passive investing finally claimed a majority of the fund assets under management in America. In the storm of cultural, economic, and geopolitical news, you may have missed the story, but for the investment industry, it’s a very big deal. It’s an even bigger deal for the American family.

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Four Questions Your Mutual Fund Salesperson Does Not Want You to Ask

Whatever your wealth journey has been, whether you’ve enjoyed strong year-over-year compounding or found yourself wondering if your nest egg will ever grow to a comfortable number, your mutual fund salesperson has done just fine, thank you. In this blog, we’ll provide four crucial questions you can ask your rep, but we’ll go one better: we’ll give you the answers you would really want to hear.

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How the Super Rich Survive and Thrive in Times of Uncertainty

ON DEMAND

What can you expect?

Proactive Tax Planning

Most financial professionals neglect this important discipline, but we believe that it’s not what you make, but what you keep that  matters.

Taxes are a drag on portfolio performance, wealth accumulation and lifestyle choices.

We will work to lower taxes in a way that is legal, moral and ethical.

Control the Controllable®

Historically the financial services industry wastes time and money on attempting to control things that can’t be predicted or controlled, such as market direction, volatility, inflation, interest rates, etc.

Our approach is to focus on costs, tax efficiency, diversification and maximum loss exposure. All these things can, and we believe, must be controlled

Multi-Generational Focus

Long-term planning is common among family offices, with a goal of maximizing the wealth transfer to succeeding generations or, in many cases, making an impact on society through charitable giving.

Risk Management

Today risks are magnified for the simple reason that you have so much to protect. Your wealth can make you a target, and the complexity of your holdings can create unwanted personal liabilities that can be managed with careful planning

Prudence & Discipline

As a general rule, family offices do not take uncompensated risks in their investments. They  tend to avoid speculation, preferring instead to take an institutional approach to asset allocation and portfolio management. Family offices accept the ups and downs of markets in ex- change for long term wealth building.

Best Interests Standard

Also known as the fiduciary rule. We follow this standard and put the interests and welfare of our clients first. Because we are Best Interest focused, we search for and implement only what we believe are the most beneficial solutions for the unique needs of the families we serve.