Family Office Services
Enjoy the benefits of a family office without the cost and effort of maintaining one.
Affluent families have found that a dedicated family office helps them effectively manage the challenges and opportunities that come with prosperity. However, developing that expertise and infrastructure is costly and time-consuming, which is why many families collaborate with Cerity Partners.
Our family office services span the spectrum from full financial management to helping you establish and coordinate your own office. Whatever level of support you need, we can help.
It’s natural for family members from different generations to have their own unique needs and desires. Let us help you navigate the sometimes competing or conflicting interests while minimizing discord.
Every family needs a point person who brings the appropriate people to the conversation and keeps everyone focused on the end goal. At Cerity Partners, that person is your dedicated Wealth Management Advisor.
They collaborate with you, your existing advisory team, and our in-house specialists – tax advisors, certified financial planners and investment professionals – to execute comprehensive wealth management solutions that meet your family’s diverse needs.
Effective family offices are structured like a business with documented policies and procedures that outline ethics, core values, investment mandates, and decision-making. We work with your family to put the best framework in place to help you grow and preserve your wealth for generations to come.
The decisions you make today impact your family’s future net worth. We help you address the “can we afford this” question by providing income and expense projections and seeking the best terms for mortgages, loans, and more. Additionally, we can handle the mundane, but necessary, task of bill paying.
Your investments play a significant role in achieving your short- and long-term goals. We help you build a diversified portfolio that truly reflects your family’s needs. Your personalized portfolios consist of investments that offer the most potential return for your desired level of risk.
One of the drawbacks to wealth is the potential for people to try and take advantage of your good fortune. And liability insurance tends to cover less than you might think. We analyze the current structure of your assets and insurance coverage and work with you to put safeguards in place to better protect your family, business and property.
State and federal estate taxes can significantly erode a family’s wealth over time. We employ advanced planning and wealth preservation strategies, such as Dynasty Trusts and Private Trust Companies, to help you preserve your legacy and achieve your philanthropic goals in the most tax-efficient way.
Taxes are a crucial part of almost every major financial decision. Failing to take them into account can result in overpayment and diminished investment returns. We understand the cause and effect between taxes and your family’s financial life and help you identify and minimize potential tax liabilities before you act.
Life gets complicated— especially when you add in wealth management and the oversight of estates, trusts, partnerships, and multiple investment managers. We oversee and manage the administrative functions of your office so you can spend your time doing what you enjoy.
Given the complexity of a family’s financial situation, running their own family office may not be the best choice. It can be time-consuming as well as costly and strain relationships. Many times, outsourcing makes more sense.
Meg Rowley
Partner
It’s a challenge for affluent families to find advisors they can trust. We embrace our role as fiduciaries—it’s who we are. Our advisors act solely in your best interest, providing objective advice and creative solutions to help you preserve what you have built, protect your lifestyle, and grow your wealth over time.
Your family’s wealth is comprised of many interconnected elements. We help you manage the full picture.
Empowering the next generation through interactive financial education