A Successful Relationship

Outsourcing Critical Family Office Functions

Private Client Success Story

Outsourcing Critical Family Office Functions

For some high-net worth families, several important and impactful decisions and events can occur concurrently, making life seem like an overwhelming juggling act. That was certainly the case for one family that had decided to transition effective control of the family finances to the next generation, following the sale of the family business. In anticipation of this liquidity event – expected to generate hundreds of millions of dollars in proceeds – family members turned to Anchin Private Client for support and advice.

After extensive review of processes and operations in relation to long-term objectives, the family elected to outsource advanced planning and lifestyle management functions to Anchin Private Client. In coordination with family office executives, Anchin Private Client was able to better consolidate and manage financial matters including bill pay, tax, accounting and record keeping. By creating a customized outsourced family office, the team was able to improve forecasting and contingency planning, upgrade technology solutions, crisis contingency planning, and reinforce family office operations.

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