Family Office Accounting: Audit, Tax, & Estate Planning Services

Withum’s Family Office specialists can provide the support you need to define and implement the right strategies to meet you and your family’s long-term needs and objectives.

Family Offices face a number of unique challenges in addition to the traditional concerns of running a business. Be it varying viewpoints based on personal objectives, multigenerational issues, financial realities or philanthropic goals, a balance is required to achieve success.

The members of Withum’s Wealth Management Services Team possess the depth and breadth of skills and experience to cover all aspects of your business, including:

Administration

Family Office governance, formation, meetings, etc.
Family Office charter and/or agreement
Organization chart and functions
Financial and business education

Our team has dealt with family offices from those in early formation to those established, set in their direction and well administered.

Services Your Family Office May Be Providing

Investment management and advice, including investment performance analysis
Fund compliance, including accounting and tax
Risk management
SEC compliance for multifamily offices offering investment advice
Philanthropy and foundations

Personal services for members
- Individual tax planning
- Bill payment, payroll a, d staff management; including household help
- Trust and Estate Planning
- Wealth/inheritance transfer
- Concierge services
- Lifestyle advice
- Security
- Healthcare

While Withum can help you with any or all of the service offerings, we have an established network of professionals that can be particularly helpful with investment management, philanthropy and concierge services. While we provide traditional accounting services, a number of clients have chosen to utilize our Withum Virtual Accounting Services (VAS) to handle basic bill payment and accounting needs.

Consideration for Your Operating Companies

Accounting and coordinating auditing requirements
Succession Planning
Federal and state taxes

Exit planning and execution
Transaction Advisory Services related to deal structure and due diligence for new investments
Guidance on any “milestone transaction”

These are all areas where Withum has significant experience which can be helpful to you. Our Exit Planning and Execution Strategies and our TransactReady® process are particularly well-suited as you address your operating company needs.

Legacy Matters

Dispute resolution among Family Office members
Succession planning for the Family Office
Coaching / Mentoring / Education for Members of all generations

Whether your Family Office has been our client or you are looking for some fresh insight, our Withum Team that serves Family Offices is well versed in addressing these matters. Using our time-tested strategies or our informal dispute resolution tools, we have been successful in helping Family Offices manage these matters and succeed.

And by the way, we enjoy being part of the family.