With wealth comes a host of issues for families to consider such as finances and taxes, investments, insurance, philanthropic plans, and wealth generation and preservation. Because of the complexity of these issues, many high wealth families rely on trusted advisors to play an integral role in important decisions.
With so many moving parts and stakeholders to consider, it is critical to treat the family somewhat like a company while recognizing the value of ensuring transparency and the security of future generations.
As a fair and impartial advocate, the Family CFO will maintain the family’s financial health as well as their relationships with trusted advisors (attorneys, CPAs, bankers, money managers, etc.).
The professionals at CFO Systems provide strategic expertise to families by understanding family expectations and looking beyond the finances to understand where families are, where they want to go, and how to get there. As stewards, they act as strategists, custodians, educators, and advisors to ensure perspective and order to the family’s financial life.