Family Office
At Keystone, our family office services provide our clients with all the advantages of having a family office, without the expense and hassle of managing one.
We understand the unique needs and complexities common to affluent families with substantial wealth. Our Family Office Services are tailored to each client, offering everything from comprehensive management and oversight to establishing a virtual family office, or even family office structure and helping you create your own single-family office.
KEYSTONE RECOGNITION
Family Office Services, Customized For Your Family
No two families are the same. We provide a comprehensive suite of family office management services and advice that are customized based on each family’s unique needs. We focus on guidance, best practices, administration, quarterbacking, organization, and execution for our ultra-high-net-worth families.
Services Include
Family Office Wealth Management
We recognize that your wealth encompasses both tangible assets such as real estate, businesses, and investments, as well as intangible assets such as intellectual property and personal values. Our wealth management family office provides management and oversight of all aspects of your wealth in a way that aligns with your financial goals and values.
Family Office Reporting
We understand the importance of transparency and keeping you informed about your financial affairs. Our family office services include providing comprehensive reporting services on all aspects of your investments and balance sheet, including complex non-public investments, cash flow statements, and net worth analysis. We also offer customized reporting options to meet your specific needs and preferences.
Tax Strategy and Optimization
Our tax experts help minimize your tax burden by implementing tax strategy and looking for opportunities that present themselves. We focus on adding “tax alpha” by considering taxation in every financial decision. We also work closely with external tax advisors to ensure seamless coordination and compliance.
Investment Strategies
Our team of family office advisory experts will craft and implement tailored investment strategies that align with your family’s unique needs, goals, and risk tolerance. With extensive experience in both traditional and alternative investments, our family office services team will help you craft a diversified portfolio designed to preserve and grow your wealth while capitalizing on the best opportunities available. We recognize that managing multiple trusts, entities, and portfolio investments objectives can be complex. Therefore, we provide best practices for administering these goals to maximize efficiency and optimize for potential opportunities.
Liquidity Planning
Our family office management services team can help you develop a comprehensive plan to manage your cash flows and liquidity, ensuring your family has access to the necessary funds and assets to meet both current and future financial obligations. Simultaneously, we ensure your money remains invested and continues to work for you. For families with multiple entities with significant inflows and outflows—such as capital calls, distributions, and real estate income – we provide expert forecasting and implement best practices to optimize the balance between liquidity and investments. Many families find this to be an enormous administrative burden, and we are here to assist.
Family Governance
As your wealth grows, it becomes increasingly important to establish clear governance structures for managing it. Our family governance process helps you set up policies, processes, and decision-making protocols that promote effective communication, collaboration, and transparency among family members involved in managing the wealth.
Risk Management
Protecting your assets and family is essential. Our risk management process involves developing a comprehensive plan to address all potential risks. We offer assistance in various areas of insurance, including life, health, disability, and property and casualty. Additionally, our family office services team provides advice on best practices in other areas of risk management such as anonymity and privacy.
Advanced Financial Planning
Financial planning within Family Office Services goes beyond traditional financial planning to address the complex and unique situations faced by ultra-high-net-worth families. This includes estate planning, trust and legacy strategies, philanthropic giving, alternative investments, cash flow and liquidity management, and more. Your financial plan is the foundation that drives your investment strategy decisions, ensuring alignment and effectiveness.
Private Markets Investing / Alternative Investments
Our family office management services team has extensive experience in alternative investments and private markets investing. We provide access to exclusive opportunities, such as private equity, venture, real estate, and hedge funds, that are generally unavailable to most with an exception of a select few. Our experts can evaluate these opportunities for their potential risk and return and offer advice and guidance. We also focus heavily on portfolio construction, investment pacing, forecasting and cash flow management.
Exit Planning
We understand that owning a business, being a founder, or having substantial investments in closely-held businesses can be complex, and decisions about when to sell or transfer ownership require careful consideration. Our Family Office Services team offers guidance on exit planning strategies through our Personal Exit Advisory® that is designed to maximize value, minimize tax implications, and ensure a smooth transition for your family.
Trust and Estate
We provide trust and estate planning guidance on effective strategies for minimizing taxes, preserving wealth, and ensuring a seamless transfer of assets to future generations. This is not a one-time event; it is an ongoing process. Our family office advisory services include actively seeking opportunities, identifying risks, and taking a proactive approach to implementing advanced strategies that work best for your family. We collaborate closely with legal and tax advisors to create a comprehensive trust and estate plan that reflects your family’s values, goals, and legacy wishes.
Philanthropy
We understand that many families with significant wealth have a desire to give back and make a positive impact on society. Our family office services team provides guidance on setting philanthropic goals, developing strategic giving plans, and managing charitable foundations or trusts while taking advantage of any tax benefits at the same time. We also offer support in evaluating potential charitable organizations and ensuring your donations align with your values and desired impact.
Virtual Family Office
For families who do not wish to establish their own single-family office, we offer the option of a virtual family office. This comprehensive service includes all the benefits of having a dedicated financial team without the overhead costs of operating a traditional family office. Our virtual family office services can be tailored to fit your unique needs and provide the same level of personalized attention.
Family Engagement and Education
We understand the importance of involving and educating current and future generations about wealth, financial responsibility, and legacy planning. Our family office management services include family meetings, educational workshops, and tailored resources to help empower your loved ones to make informed financial decisions.
Administration and Quarterbacking
Our Family Office Services team serves as a central point of contact for all your financial needs, coordinating with external advisors and specialists as necessary. We handle administrative tasks such as bill payment and record-keeping to ensure your financial affairs are organized and accessible. Additionally, we act as the “quarterback” for all aspects of your family office wealth management plan, ensuring that every component is working together to achieve your desired outcomes.
Real Estate
In addition to traditional investment strategies, our family office services team also has a strong understanding and experience in working with families who have substantial real estate holdings. We offer guidance and help you make informed decisions that align with your overall family goals.
Our Family Office advisory services are designed to help ultra-high-net-worth families achieve their financial goals and create a lasting legacy. We offer expertise in areas such as tax strategy, risk management, financial planning, and philanthropy. Our dedicated team provides personalized solutions to navigate the complexities of managing significant wealth. Reach out to learn how we can support and add substantial value to you and your family.
Frequently Asked Questions
A family office is a dedicated team of professionals that provide comprehensive wealth management services to ultra-high-net-worth families. Wealth management family office services can include financial planning, investment management, tax strategy, risk management, and philanthropy guidance. Family offices are often established by families with significant wealth to help manage their complex financial affairs and ensure the preservation and growth of their assets for future generations. They can have in house staff or outsourced services. Our family office services allow families to access the benefits of a traditional family office without the overhead costs.
A Virtual Family Office is a comprehensive service that provides all the benefits of having a dedicated financial team without the overhead costs of operating a traditional family office. This can include services such as financial planning, investment management, tax strategy, risk management, and philanthropy guidance. Our virtual family office services are tailored to fit your unique needs and provide personalized attention from our team of experts. So whether you have an existing single-family office or are looking for an alternative to establishing one, our Virtual Family Office Services can help you effectively manage your wealth.
Managing significant wealth can be complex and time-consuming. A wealth management family office offers specialized expertise in areas such as tax strategy, risk management, and philanthropy, allowing you to focus on other priorities. Additionally, a family office can help create a lasting legacy by providing guidance on multi-generational planning and preserving wealth for future generations. Our Family Office Services team has the experience and expertise to support your unique needs and goals, helping you achieve financial success and peace of mind.
A family office provides comprehensive wealth management services to ultra-high-net-worth families. This can either be in house or outsourced to a wealth management firm or multifamily office. The services can include financial planning, investment management, tax strategy, risk management, and philanthropy guidance. At Keystone, our family office advisory team works closely with you and your advisors to develop personalized solutions that align with your family’s values, goals, and legacy wishes. We also handle administrative tasks and act as the central point of contact for all your financial needs, ensuring a seamless integration of all aspects of your wealth management plan. Overall, our Family Office Services are designed to help you achieve your financial objectives and create a lasting legacy for generations to come.
The amount of wealth overseen by a family office can vary greatly, depending on the specific needs and preferences of each family. Some families opt to establish a single-family office dedicated solely to their own assets, while others may join forces with like-minded families through a multi-family office, such as Keystone. Our family office management services cater to ultra-high-net-worth individuals and families, including those with substantial real estate holdings or unique financial situations that demand specialized expertise.Our mission is to offer comprehensive and personalized support for all your wealth management needs, regardless of your portfolio size, although we do maintain minimum net worth requirements.
A Virtual Family Office (VFO) is a cost-effective alternative to establishing and operating a traditional family office. A VFO provides all the benefits of having a dedicated team of professionals without the overhead costs associated with running an in-house family office. Our Virtual Family Office Services offer personalized solutions that cater to your unique needs, goals, and legacy wishes. Our team works closely with you and your advisors to ensure seamless integration of all aspects of your wealth management plan.
A High Net Worth Family Office is a specialized family office advisory service designed for ultra-high-net-worth individuals and families. It provides comprehensive wealth management services, including financial planning, investment management, tax strategy, risk management, and philanthropy guidance. At Keystone, we understand the unique needs of high net worth families and offer personalized family office wealth management solutions to help them achieve their desired outcomes and create a lasting legacy.Our team has the expertise and experience to support families with significant assets or complex financial situations, making us a trusted partner in managing their wealth. Whether you have an existing single-family office or are looking for an alternative solution through our Virtual Family Office Services, we are dedicated to helping you achieve your goals.
To get started with our Family Office Services, reach out to our team for an initial consultation. We will discuss your current situation, goals, and any challenges you may be facing. From there, we will develop a personalized plan that addresses your specific needs and objectives. As a client, you will have access to our team of experts and ongoing support to ensure your financial affairs are well-managed.