Family offices, entities that manage the wealth and investments of affluent families, occupy a unique position in the financial world. Their role transcends wealth management, evolving into a bridge that connects successive generations. Ensuring the smooth transition and preservation of wealth over time. But, the complexity of managing varied assets necessitates family office software systems that are equally sophisticated and...
In the world of estate administration, finding common ground with more universally understood experiences can offer valuable insights into the complexities and demands we might encounter. One analogy that brings this perspective to life is comparing the process of administering an estate to the detailed and prolonged effort required in cultivating a garden. Both endeavors, while distinct in their essence,...
The benefits of organized, comprehensive, streamlined reporting cannot be overstated. Wealthy investors and charitable foundations require a bird's eye view of their finances to make informed decisions and achieve their financial goals. That’s why our family office offers a meticulously designed Consolidated Reporting Service tailored for this sophisticated audience. Our service stands out by offering a seamless blend of...
What is a family office? A family office is a private wealth management advisory firm that exclusively serves wealthy investors. Some groups in Canada have attempted to define family offices with limited success. Since, there is no consensus about what family offices are and which services they provide. Adding to the confusion is the fact that many investment advisors are...
Imagine having a personal CFO for your family's finances – someone who's got your back, simplifying the complex world of money management while aligning it closely with what matters most to you. Today, many advisors claim to be your personal CFO. When in fact, they must focus on their area of expertise instead. That's where a family office can step...
Donor Advised Funds (“DAFs”) serve as a bridge between donors' intentions and the realization of their charitable goals. DAFs often operate as charitable foundations offering services to groups of donors with a variety of goals. DAFs sometimes provide a wide variety of services including investment management and gift planning. And, there are over 20,000 donor advised fund accounts in...
What is a DAF? And, what are the benefits of giving to a DAF? At its core, a Donor Advised Fund (“DAF”) serves as a bridge between donors' intentions and the realization of their charitable goals, offering a sophisticated yet accessible means to support causes close to their hearts. However, DAFs are one of the most misunderstood areas of philanthropy....
Let’s make 2024 a year of renewed focus and productivity for family offices. Whether it's about refining purpose, enhancing reporting mechanisms, proactive tax planning, clarifying roles, or embracing simplification. In this post, we delve into "5 Improvements Your Family Office Can Make". Offering insights and strategies that are not just about preserving wealth, but about enriching the legacy and impact...
The Donate to Eliminate strategy is a practical approach for donors using the exemption from capital gains tax on donations of appreciated securities. This strategy ingeniously uses a tax strategy to support philanthropic goals. And, by focusing on the donation of appreciated public securities, such as stocks, this method not only amplifies the value of charitable contributions but also smartly...
Wealth can be a powerful tool in crafting a purposeful, fulfilling life. However, managing it effectively and living a balanced life can be challenging. Conduction wealth management for purpose is especially challenging. Here are five ways to live positively with wealth, ensuring it enhances your life and the lives of those around you. Before we begin, let’s put your financial knowledge...
