Family offices

It’s important to have intergenerational conversations with clients and their families.

It pays to be a senior executive in a U.S. family office. Private investment firms of rich families there have the greatest number of C-suite executives making more than $396,000 a year.

Could your accounting firm thrive as a multifamily office?

If you have wealthy clients who need these kinds of services, it can be a gold mine for CPAs, according to John Napolitano.

Speak to a few family office experts, and you’ll hear the phrase, “When you’ve seen one family office, you’ve seen one family office.” But press them on common errors, and they have a lot to say.

Are you ready to step up to this level of service?

Today, there are about 100 single family offices in Russia and as many as 20 multi-family offices. Such firms typically tend to investments, taxes, estate planning and even personal needs such as travel and education.

Are you telling your clients and potential new clients what you do, or are you explaining to them why you do it?

For many, the biggest threat to their wealth is their relatives.