G.R. Reid Associates, LLP
  • About
  • Meet the Partners
  • Careers
  • News
  • Contact
  • Client Portals
  • Accounting & Consulting
    • Business Services
    • Consulting
    • Industries
    • GR Reid Family Office Services
  • Assurance Services
    • Audits of Financial Statements
    • Compilation & Reviewed Financial Statements
    • Agreed Upon Procedures
    • Internal Control Assessment & Design
    • Risk Assessment
    • 401(k) Audits
    • GR Reid Family Office Services
  • Tax Services
    • Corporate Taxation & Planning
    • Personal Taxation & Planning
    • Exempt Organization Tax Preparation
    • IRS & NYS Audit Representation
    • State & Loan Taxation
    • Trust & Estate Planning
    • Sales Tax Compliance
    • Cost Segregation
    • Tax Credits & Business Incentives
    • GR Reid Family Office Services
  • Wealth Management
    • Wealth Management
    • Individual Management
    • GR Reid Family Office Services
  • Insurance
    • Group Health Benefits
    • Commercial Insurance
    • Personal Insurance
    • Construction Insurance
    • Medical Office Insurance
    • Life Insurance
    • Healthcare & Benefit Services
    • GR Reid Family Office Services
  • Payroll
    • Automated Payroll Services
    • Automated Tax Impound
    • Time and Attendance
    • 401(k)/Simple IRA
    • Workers' Comp
    • Employee Benefits
    • GR Reid Family Office Services
Menu
  • Home
  • Accounting & Consulting
    • Business Services
      • Bookkeeping
      • Family Office & Bill Pay
      • Outsource Controller Services
      • Automated Accounting System Implementation
      • Financial Statements
      • Accounting Software
      • Personal Financial Management
      • Budgeting and Cash Flow Projections
      • Tax Compliance
      • Business Acquisition
    • Consulting
      • Business Incorporation
      • Investment Review
      • Mergers and Acquisitions
    • Industries
    • GR Reid Family Office Services
  • Assurance Services
    • Audits of Financial Statements
    • Compilation & Reviewed Financial Statements
    • Agreed Upon Procedures
    • Internal Control Assessment & Design
    • Risk Assessment
    • 401(k) Audits
    • GR Reid Family Office Services
  • Tax Services
    • Corporate Taxation & Planning
    • Personal Taxation & Planning
    • Exempt Organization Tax Preparation
    • IRS & NYS Audit Representation
    • State & Loan Taxation
    • Trust & Estate Planning
    • Sales Tax Compliance
    • Cost Segregation
    • Tax Credits & Business Incentives
    • GR Reid Family Office Services
  • Wealth Management
    • Wealth Management
      • Individual Investment Management
      • Business Services
      • Estate Planning
    • Individual Management
    • GR Reid Family Office Services
  • Insurance
    • Group Health Benefits
      • Employee Benefits Program
      • Medical, dental and vision plans
      • Flexible & Cafeteria Plans
      • Health Savings Accounts | HAS, HRA, FSAs, MSAs
      • Fringe benefits & Executive Perks
      • Cobra & Termination Benefits
      • Employer Provided Life Insurance & Disability Insurance
    • Commercial Insurance
    • Personal Insurance
    • Construction Insurance
    • Medical Office Insurance
    • Life Insurance
    • Healthcare & Benefit Services
    • GR Reid Family Office Services
  • Payroll
    • Automated Payroll Services
    • Automated Tax Impound
    • Time and Attendance
    • 401(k)/Simple IRA
    • Workers' Comp
    • Employee Benefits
    • GR Reid Family Office Services
  • GR Reid Family Office Services
    • Why GR Reid
    • Our Clients
  • Industries
  • About
  • Meet the Partners
  • Careers
  • News
  • Contact
  • Client Portals
    • GR Reid
    • Payroll Portal
    • Payroll Employee Portal
  • Glossary
GR Reid Family Office Services
GR Reid Family Office Services
  • GR Reid Family Office Services
    • Why GR Reid
    • Our Clients

GR Reid Family Office Services, LLC

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.

Family Office Services
Tax, Estate, Accounting Glossary
Jason Reid Saladino
CPA, PFS, Managing Partner
Contact
Jason Reid Saladino
Jason Reid Saladino
Jonathan Cohen
CPA, Partner
Contact
Jonathan Cohen
Jonathan Cohen
Raymond W. Floch
CPA, Partner
Contact
Raymond W. Floch
Raymond W. Floch
Richard A. Mills
CPA, Partner
Contact
Richard A. Mills
Richard A. Mills
Norman B. Gold
CPA, Partner
Contact
Norman B. Gold
Norman B. Gold
Paul D. Ehrlich
CPA, Partner
Contact
Paul D. Ehrlich
Paul D. Ehrlich
Martin Sage
CPA, Partner
Contact
Martin Sage
Martin Sage
Joseph Purpura
CPA, MST, PFS, Partner
Contact
Joseph Purpura
Joseph Purpura
Fred Sica
CPA, Partner
Contact
Fred Sica
Fred Sica
Hasmukh Chheda
CPA, Partner
Contact
Hasmukh Chheda
Hasmukh Chheda
Elliot D. Kostick
CPA, Partner
Contact
Elliot D. Kostick
Elliot D. Kostick
Stuart G. Lang
CPA, Partner
Contact
Stuart G. Lang
Stuart G. Lang
Thomas Funkhouser
CPA, Partner
Contact
Thomas Funkhouser
Thomas Funkhouser
George Elkin
Contact
George Elkin

News

Friday, June 14, 2019

Fraud du jour: Social Security phone scams

Despite the National Do Not Call registry and features such as caller ID, phone fraud is thriving in the mobile phone era. Using spoofed numbers — which appear to be connected to legitimate government offices and businesses or that resemble your own number — fraud perpetrators say anything and everything to try to steal your money.

Read More

Thursday, June 13, 2019

Could you unearth hidden profits in your company?

Can your business become more profitable without venturing out of its comfort zone? Of course! However, adding new products or services may not be the best way for your business — or any company — to boost profits. Bottom-line potential may lie undiscovered in your existing operations. How can you find these “hidden” profits? Dig into every facet of your organization.

Read More

Thursday, June 13, 2019

You have options when addressing life insurance in your estate plan

Life insurance has long provided a source of liquidity to pay estate taxes and other expenses. But, with the estate tax exemption currently set at an inflation-adjusted $10 million ($11.40 million for 2019), estate taxes are no longer a concern for many families. Nonetheless, life insurance offers many benefits for nontaxable estates.

Read More
View All Articles
G.R. Reid Associates, LLP
  • 7600 Jericho Turnpike, Suite 400, Woodbury, New York 11797
    • Phone: 516.802.0100 - Fax: 516.364.9600
    • Google Maps
  • 1515 N Federal Hwy, Suite 404, Boca Raton, Florida 33432
    • Phone: 561.544.7050 - Fax: 561.544.0061
    • Google Maps
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Copyright 2021 GR Reid Associates, LLP. All Rights Reserved. | site designed and maintained by Target Group Media