Family Office

Knowledge. Relationships. Results.

FTS's virtual Family Office dovetails seamlessly within the existing infrastructure. We integrate your current in-house infrastructure with all of the necessary services to create a world class virtual family office for each member. FTS acts as your personal Chief of Staff with a depth of intellectual talent and resources for family wealth stewardship, tax planning, risk management, and investment services. The FTS team has decades of experience as being the trusted advisers to many of the country's wealthiest families. On a case by case basis FTS will coordinate with our trusted global partners to deliver the best solutions to our clients. FTS realizes that it needs the expertise of our partners to create the “best in class” open architecture platform. FTS will deliver the highest standards of confidentiality through our secure client web portal and proprietary technology.

Tax Planning & Compliance

FTS provides seamless integration of the Family Office’s income tax planning with their estate & gift tax planning. FTS will advise on legislative changes in Tax Law and the impact these changes have on your wealth planning goal. FTS is unique with respect to our deep expertise with all of the stakeholders in a fund: the fund, general partner, portfolio companies, individual principals and the fund investor. Our comprehensive, practical approach focuses on both the funds and the partners, providing value-added planning along with practical solutions to the administrative complexities of funds. FTS provides the following advisory services: ​

• Entity Structuring

• Estate Planning

• Wealth transfer planning

• Charitable planning

• Income tax planning

• Cross border consulting

• Compensation planning

• Expatriate Tax Compliance

• 1040NR

Accounting Services For Members

Managing wealth is difficult enough, but what happens when the assets you oversee reside in every corner of the world, are held by numerous asset managers and come in all shapes and forms? Getting an accurate picture of returns in real-time is no small task. It can tax resources and lead to errors – and ultimately a flawed view of performance.

Accounting Solutions

FTS partners with FORS to serve a complete accounting solution for Family offices, giving them access to the best-in-class, industry leading technology platform, allowing the member to concentrate on the decision making process, rather than gathering and consolidating data.

Investor Accounting

• Cleint access via secure web portal for immediate answers to questions about their net worth
• Customizable dashboard view available for every user
• Investor level income and ownership reporting
• Financial Statement Preparation
• Full preparation of partnership, trust, company finanacial statements

Estate Planning & Compliance

• Review and monitor Estate Planning
• Tax Planning
• Prepare financial statements
• FTS Estate Checklist:
  - FTS Estate Online Document Vault
  - Gift Planning
  - Oversee wills, Healthcare proxies, Power of Attorney and Trustees

Philanthropic Planning 

• Arranging introductions to national and international leaders in your field of interest
• Connecting you to like-minded philanthropists
• Securing leading consultants for targeted programs and projects
• Handle all compliance and administration
• Optimizing available income tax benefits
• Integrating income tax benefits with estate, gift and generation-skipping transfer tax planning
• Designing charitable gifts to fit the client's overall objectives and financial situation, including outright versus deferred gift considerations
• Selecting the right vehicle, such as a trust, public or private foundation, or charitable gift fund

Specialized Services

• Organizing like minded Family Office Meetings
• Negotiate and oversee Yachts and Aircraft contracts including charter service, fractional ownership and full ownership
• We assist in evaluating the ever-increasing and complex club and resort travel programs
• Assist in Real Estate transactions
• Family Education

Investment Monitoring & Reporting

• Asset allocation analysis
• Compliance monitoring and reporting
• Performance reporting
     - Benchmark analysis
     - Peer analysis
     - Risk and return analysis
• Secure web access to all reports and financial information

Investment Advisory Services

• Select and negotiate fees for potential Investment Advisers
• Private investments: manage commitments, capital calls, distributions, track redemption notices
• Track performance for all investments
• Track cost and tax basis for all investments
• Act as gatekeeper for new investment proposals
• Oversee asset allocation
• Prepare subscription agreements

Treasury

• Bank reconciliations
• Cash management and bank movements
• Manage liquidity
• Funding Capital calls
• Managing distributions
• Bill pay
• Oversee credit cards: Issuance, payment, expense classification, etc.
• Oversee expenditures versus budget