Planning & Governance
Each family is unique and each member of the family brings their own knowledge and experience. Finding harmony and agreement amongst these voices can be challenging. Our Family Business Services can help facilitate family communication and governance to ensure your family’s wealth transfers across generations.
Planning & Governance Services:
General education and planning
Family and corporate governance
Evaluation of entrepreneurial ventures
You’ve worked hard to build your family’s wealth. You may have significant investments in real estate, securities, and artwork. Understanding how that wealth is invested, protected, and distributed is important. Investment monitoring, reporting and education are just a few areas where we can add significant value.
Investment Management Services:
Investment tracking and performance reporting
Accounting & Tax Services
There are a number tax returns that must be prepared for your corporations, your trusts, and your individual family members. International investments or non-residents add significant complication to that reporting. We can help you take care of the annual reporting and ensure proper planning is done to efficiently plan your affairs.
Accounting & Tax Services:
Compliance / tax preparation
Financial statement preparation
Tax and estate planning
Assurance / Audit services
We can assist you with determining your family’s gifting philosophy, establishing charitable foundations, or selecting appropriate charities for gifts. The timing, and nature of your family’s charitable gifts can be done to maximize tax credits and minimize tax bills.
Charitable Giving Services:
Facilitate setting up foundations
Planning and executing charitable donations
In addition to your annual resolutions and corporate filings, additional legal documents will need to be prepared for any transactions undertaken during the year. These transactions may include tax planning, real estate transactions, or even your will preparation.
We can take care of many of the behind the scenes tasks that must be completed on an ongoing basis. This includes bookkeeping for your family’s investments, forecasting cash needs, document retention and filing, and evaluating your various insurance requirements.
Personal financial management
Bill payment facilitation
Document and record management
Cash flow reporting and forecasting
Real estate advisory
Family businesses generally fail for family reasons, not business reasons. And during times of succession, a lack of family harmony can create stress and conflict for all members. For that reason, it’s important that business-owning families consider family facilitation.
Family Facilitation Services:
Optimizing leadership/management impact
Conflict assessment and resolution services
Advisory boards, family and business governance
Transfer and management of wealth
Tax, wills and estate planning
All businesses, regardless of size, are faced with many challenges as they manage the talent behind the business. We help our clients to identify HR issues that may affect their ability to efficiently manage their talent and business performance.
HR Advisory Services:
HR strategy and alignment
HR function maturity assessment
HR operating and service delivery model
HR enabling technology
HR business processes
Stakeholder engagement and management / communications / training, and business change readiness