Family Office

Family Office

No matter how sophisticated your family office’s needs may be, Andersen has the breadth and depth of knowledge that can only come from experience. Whether you need consulting on day-to-day administration and management of your family’s affairs, or high-level analysis to improve efficiencies, our integrated approach and broad spectrum of services are designed to serve the particular needs of wealthy families and their future generations.

• Administrative Management: Building your team and raising money is a full-time job. To alleviate the administrative burden, work with our advisors who integrate financial and tax reporting with customized operational solutions, based on your fund’s unique set of terms, complexities, reporting requirements, and distributions.

• Structuring: Family offices can provide the structure and focus that is needed to properly navigate the wealth management landscape. Whether you have realized new wealth through a significant liquidity event or you are looking to optimize processes and systems around existing wealth, creating or formalizing a family office can often be the right answer.

• Operational Reviews & Consulting: Many existing family offices have benefited from our diagnostic review and implementation services, which focus on assessing and improving the overall operational efficiency of the accounting and administrative functions. In an operational diagnostic review, we evaluate the organization’s existing accounting processes, workflow, personnel capabilities, and technology. We then compare existing processes to the best practices of similar organizations and identify specific opportunities for improvement.

• Internal Control Assessments: Andersen provides consulting services focused on designing, assessing, enhancing, and testing internal controls in family offices of all sizes. This can be a family’s best preventative way to protect its valuable assets.

• Risk Management Consulting: A family office, whether newly established or long-standing, may encounter several points that prompt the need for risk management consulting. Andersen advisors can provide extensive consulting on a range of risk matters important to family office clients, such as network security, technology systems, and regulatory and compliance considerations.

• Governance Standards & Protocols: We place the utmost importance on the family’s wealth in strategic planning, decision-making, and practices. Our professionals adhere to and support substantial governance standards & protocols concerning family wealth, estates, investments, philanthropic initiatives, and related entities to support an enduring family legacy.