These types of clients want to create a trusted relationship with a family office team, so they can spend less time deep in the details of their financial world and feel confident they aren’t overlooking opportunities or potential pitfalls.
When working with individuals or couples who are embarking on a family office experience for the first time, we start by helping them articulate and align on an overarching purpose for their wealth, so we can create a Family Strategic Plan to realize their most important goals.
This includes:
- Developing an investment portfolio for their liquid investments, utilizing managers in the public and private space
- Evaluating stock and other compensation plans from their employers, to give them clarity around their long-term accumulation and diversification strategies
- Collaborating with their accountant on tax-planning strategies around 401k, profit-sharing and other compensation plans
- Working with them to develop a thoughtful estate plan that incorporates their children, if relevant, and helps minimize future estate taxes
- Reviewing their insurance to be sure coverage is appropriate
At the same time, we dig into the details of their financial landscape to create efficiencies and processes that streamline their day-to-day lives.
Our team sets up and manages:
- Bill pay
- Annual aircraft leasing
- Art and collectibles
We also guide these client families through complex projects and transactions, helping them seize opportunities and navigate challenges.
Our team helps families:
- Purchase or build second homes
- Create philanthropic plans and meaningfully engage with nonprofits
- Find and manage and elder care
Matter’s leadership and execution helps successful, busy families feel confident their financial world is being managed strategically and purposefully. Perhaps most importantly, it gives them peace of mind – and more time to spend together as a family.