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Success takes commitment, perseverance and focus. Whether you are a world-class athlete, international celebrity, high-flying entrepreneur or an individual running a family-run enterprise, the demands of your career and lifestyle can be overwhelming. While the rewards can be measured in astounding wealth and recognition, the drawbacks can be equally significant—unintended tax liabilities, inadequate asset protection, and exposure to all sorts of risk—financial, legal and personal.
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Rothstein Kass’ Family Office Group was created to specifically address these issues of concern and to enhance our clients’ business goals and to help enrich their lives. We offer a wide range of holistic services to family offices and high-net-worth individuals, including family members, business owners and executives, entertainers and professional athletes.
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| How We Can Help: |
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| Whether your wealth was accumulated over generations or in the last few years, your portfolio requires constant attention and monitoring. We have the knowledge and requisite experience to help you in developing effective tax and philanthropic strategies, and to respond to short- and long-term lifestyle needs. Our cadre of tax, accounting and industry professionals can ensure that you have peace of mind and more time to devote to your families, your career, and financial wellbeing. |
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| Who You Are Determines What You Need |
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| Family Offices |
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Multigenerational wealth is a business onto itself and it takes intense planning and effective management. As with any business, there must be a vision, a clear set of goals, internal controls, tax strategies and trusted advisors to help guide it. Objectives such as asset preservation, wealth building, philanthropic endeavors and succession planning, among others— are all crucial to the success of family offices.
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Our Family Office Group has years of experience and a thorough understanding of family office dynamics as well as the needs of individual members. We understand how the reallocation of assets can significantly impact generations to come or how drawing dividends from the family office cannot only incur tax exposures but also detract from the family office in other ways. We also understand that administrative and staffing needs must be met in order for family offices to run properly and optimize their potential.
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Consequently, we can provide a wide range of financial, wealth planning, and lifestyle management services to family offices and high-net-worth individuals, including family members.
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| How We Can Help: |
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| Integrated Planning |
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Tax planning and compliance |
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Life and estate planning |
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Estate, tax and financial plans |
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Cost analysis |
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Multi-generational planning |
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| Lifestyle Management |
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Bill paying and payroll |
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Cash flow management |
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Business and succession planning |
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Property management |
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Private travel management |
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Collectibles management |
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| Risk Management |
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Liability management |
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Bank financing |
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Insurance analysis and oversight |
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| Data Aggregation |
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Tour accounting and budgeting |
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Consolidated statements and analysis |
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Budgeting |
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Partnership accounting |
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Monitoring intellectual capital and licenses |
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| Philanthropy and Foundations |
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Philanthropic mission |
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Foundation management |
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Personal giving |
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| Family Continuity |
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Family assets |
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Family governance |
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Client education |
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Family meetings |
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Coaching and facilitation |
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| Comprised of seasoned financial professionals and certified public accountants, Family Office Group applies proven approaches with the utmost discretion and attention, to guide your financial life and protect your future. |
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| High-Net-Worth Individuals |
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In today’s financially volatile environment, high-net worth individuals face unique pressures and challenges—some of those include evaluating the right wealth preservation strategies and investment vehicles to mitigating tax exposures in setting up family estates and trusts, or procuring the right insurance to protect valuables. Whatever the challenge, Rothstein Kass’ Family Office Group can help you devise a plan that meets your objectives.
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Through experience and objective and independent analyses, we can help you protect and preserve your assets today while providing you with options for a better tomorrow.
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| How We Can Help: |
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| Integrated Planning |
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| • |
Tax planning and compliance |
| • |
Life and estate planning |
| • |
Estate, tax and financial plans |
| • |
Cost analysis |
| • |
Multi-generational planning |
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| Lifestyle Management |
|
| • |
Bill paying and payroll |
| • |
Cash flow management |
| • |
Business and succession planning |
| • |
Property management |
| • |
Private travel management |
| • |
Collectibles management |
|
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| Risk Management |
|
| • |
Liability management |
| • |
Bank financing |
| • |
Insurance analysis and oversight |
|
|
| Data Aggregation |
|
| • |
Tour accounting and budgeting |
| • |
Consolidated statements and analysis |
| • |
Budgeting |
| • |
Partnership accounting |
| • |
Monitoring intellectual capital and licenses |
|
|
| Philanthropy and Foundations |
|
| • |
Philanthropic mission |
| • |
Foundation management |
| • |
Personal giving |
|
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| Family Continuity |
|
| • |
Family assets |
| • |
Family governance |
| • |
Client education |
| • |
Family meetings |
| • |
Coaching and facilitation |
|
|
| Comprised of seasoned financial professionals and certified public accountants, Family Office Group applies proven approaches with the utmost discretion and attention, to guide your financial life and protect your future. |
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| Management Companies |
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Investing for the future has never been more complicated or time consuming. While management companies must be fully focused on the needs of their clients and the performance of their funds, behind-the-scenes administrative details must still be addressed.
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Rothstein Kass’ Family Office Group offers a wide range of accounting, tax, cash management, budgeting and bookkeeping services for management companies, fund managers, and chief financial officers.
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Rothstein Kass has a distinguished history serving clients in the financial services industry and our Family Services Group has built upon our standard of excellence. With our vast knowledge and experience, we understand the subtle and complex needs of our clients and possess the professional skill to identify and implement the appropriate business strategy. While the day-to-day activities of your business may vary, your goal must be to have a viable structure in place to function effectively.
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| How We Can Help: |
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Bill payment and cash management |
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Preparation of cash receipts and disbursements journals |
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Implementation of accounting software |
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Set-up chart of accounts and maintain general ledger |
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Reconciliation of brokerage and bank statements |
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Data aggregation and consolidation |
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Financial reporting and analysis |
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Partnership income tax planning, consulting and preparation |
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Coordination of payroll and benefits |
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Insurance coordination and review |
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Review of systems and internal controls |
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| The Family Office Group offers a complete outsourced solution for all management company accounting. If your firm has an accounting team already in place, we can work with them to ensure the accuracy and adequacy of internal controls. |
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| The hallmark of our work reflects our commitment to technical proficiency coupled with personal concern for our clients. This has helped our clients become better informed and respond more effectively to critical issues as they arise. |
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