At GRR Family Office Services, LLC, we provide a full range of family office, wealth management and innovative tax planning services. Our team will work closely with your current wealth management team or provide you with an integrated financial platform through our wealth management partners. We offer a full range of technology and resources that is instrumental in helping you lend clarity to your financial decisions.
Because the GRR Family Office Services, LLC is a division of a public accounting firm, we are cognizant of maintaining internal controls for segregation of duties, confidentiality, control over financial information, and access to funds.
Why a Multi-Family Office?
While the thought of having a single family office is attractive at first glance, the cost versus benefits must be carefully considered and addressed. It is crucial that a family evaluates more than just the monetary cost of maintaining their own family office, but also the intangible costs such as fraud risks; limitation of experience and expertise; lack of accountability; human resource issues and liabilities; continuity and retention of key personnel; and the personal time spent by the family in maintaining the office.
GRR Family Office Services, LLC provides highly responsive, confidential services with a team that thoroughly understands you, your current situation, and the roadmap for your future goals. One significant benefit of a multi-family office is the knowledge our team gains from their experiences with other families. We are aware of the changing trends, opportunities and issues that constantly arise. You directly benefit from the experiences of other clients. Further, as a mid-sized firm you have access to the expertise of the entire firm.
Family Office Services Provided
GRR Family Office offers a diverse range of services from routine household bill paying to assisting counsel with structuring of complex estate planning. As a valued client, you receive the traditional benefits of a Family Office and the knowledge and resources of a large, sophisticated certified public accounting firm.
Our team will serve as your family’s chief financial officer, ensuring that all professional advisors are working toward the same objectives and providing peace of mind that current and future financial goals are being properly managed and maintained. Our team of professionals bring together the family members, along with their other professional advisors to implement, execute and integrate a family’s financial, estate and cash flow plan. In conjunction with the family’s other advisors, we design a strategy focused on the family’s goals, which includes the optimization of capital resources and wealth enhancement.
We can simplify your life by helping with:
- Bill payment and cash management
- Mail management
- Financial Reporting
- Bookkeeping; recordkeeping
- Tax Planning & Preparation, Domicile Planning
- Risk management; Insurance Reviews and Coordination
- Technology solutions: Electronic document management and financial record Storage
- Personal concierge services: Travel arrangements; domestic help screening, hiring, and payroll
- Real estate property management
- Planning for purchase or sale of major assets
Business Management & Back Office Support
For families who own private businesses; their business is often their most highly valued asset and makes up the majority of their net worth. Often this asset is ignored in discussions with financial advisors who focus only on investable assets. We strive to be a resource for business owners, recognizing that efforts spent on behalf of the business often pay for themselves many times over. Either in-house or through our vetted referral network, we can provide strategic planning, Tax consulting, and valuation services.
GR Reid can also act as your back office reducing administrative and overhead costs while allowing you to devote more time to you core business functions. Our Services include:
- Accounting and Bookkeeping Services
- Cash Management and Banking
- Financial Reporting
- Invoicing & Collections, Accounts Payable
- Payroll Processing & HR Management
- Administrative Services
- Insurance Services & Employee benefits
GR Reid Family Office Services, LLC is not a registered investment advisory firm; therefore, we do not direct the investments of our families. We do assist our families in reviewing proposals and asking the “hard questions.” However, it is the client’s obligation to perform the due diligence with the investments and determine for themselves whether or not they want to be involved with the various investment vehicles and products.