FAMILY OFFICE Download PDF Complex Wealth and Financial Services for Affluent Families and Individuals Seiler LLP's Family Office clients include some of the Bay Area's most affluent and successful entrepreneurs and families. We provide a wide range of services from cash management and bill payment to advising on complex intergenerational wealth strategies. Since we are a full-service CPA firm, our clients also call upon us to lead and manage strategic and multifaceted responsibilities including estate and tax planning, as well as interfacing with existing teams of trusted advisors. Our services are customized to meet the needs of any family situation, from comprehensive management of personal family finances to monitoring and oversight of internal personnel. This, plus our ability to deliver insight on emerging trends in the business and financial landscape, explains why we have client relationships that last for decades. Areas of Expertise Seiler LLP handles many areas for our Family Office clients including: Bill payment, cash management, budgeting, and forecasting Household employee payroll, benefits and HR Preparing personal financial reports and statements Maintaining direct private investment accounting (including capital calls and distributions), monitoring tax basis and fair market valuations, and tracking investment performance Working in conjunction with other trusted advisors Preparing comprehensive tax packages to streamline compliance work Assisting with staffing for single family offices A wide range of special projects including insurance coverage analysis, identity theft protection, aircraft ownership and leasing, charitable entities and many other significant areas for the ultra-affluent Confidentiality and Internal Controls Seiler LLP's strong system of internal controls gives our clients confidence in the integrity and security of private information and personal accounts. And for families who manage wealth internally, we can analyze their internal operations and propose recommendations to ensure compliance with best practices and internal control procedures. At Seiler LLP, every engagement, whether comprehensive or project based, is handled with the utmost discretion, care and attention to detail to meet specific needs and client objectives. FAMILY OFFICE SPECIAL PROJECTS Wealth Preservation/Estate Planning Assist in, establish and implement wealth preservation, philanthropic and family legacy goals. Comprehensive write-up of entire financial picture for estate planning and business continuation/succession planning purposes in the event of death or disability. Assist with prenuptial, dissolution and adoption agreements including the preparation of financial disclosures. Household Staffing and Internal Family Office Management Design and review internal control procedures to ensure best practices are being maintained. Assist in salary and deferred compensation benchmarks and contracts. Manage household employees including benefit plan structure and implementation, recruiting, security background checks, attending staff meetings and termination packages. Work with legal counsel to develop confidentiality and non-disclosure agreements for household staff and independent contractors. Fine Arts Assist with obtaining valuations of personal property for insurance, donation and tax purposes. Assist with fine art purchases including analysis of sales and use tax consideration and importation of art from abroad. Investment Services Interface with outside investment advisors. Provide comprehensive investment performance reports. Interface with investment companies to facilitate capital calls and distributions for private equity investments. Insurance/Valuations Interface with insurance brokers to ensure adequate insurance coverage including excess liability. Also coordinate with insurance agency when losses occur. Obtain medical, emergency transport and trip interruption insurance. Private Jet and Vehicle Ownership Coordinate the purchase, financing and tax structure for corporate and private jet ownership, including sales and use tax considerations. Analysis of various forms of partial jet ownership, i.e. fractional shares, jet cards and/or charter, to determine most cost effective option. Assist with vehicle acquisitions including lease vs. buy analysis Real Estate Assist with real estate purchases, sales and/or exchanges in both the United States and abroad. Work with legal counsel and county tax assessor's office to appeal real property tax valuations. Coordinate with general contractors and interior designers to assist with remodeling and new home construction in the United States and abroad, including budget tracking and change order reconciliation. Trust Administration Provide trust administration services. Provide guidelines on structure and formation of private trust companies including interfacing with various legal and government agencies. Work with legal counsel to establish and maintain charitable trusts and private foundations including tax planning and compliance.