About Tom Crotty

Tom Crotty brings over 40 years of experience serving family offices and family businesses. He combines his CPA background with high-energy leadership, strategy, management expertise, and communication to drive growth and success for his clients. He has worked extensively in multi-family office, business and professional services, contracting, mortgage banking, distribution, and nonprofit industries. Tom aims to provide clients with timely, accurate, and relevant information they need to make sound, proactive decisions about their future. Since no two family offices are alike, he takes time to assess each client’s goals, understand their current situation, and provides a clear, concise path forward. Whether your family office is looking to secure, grow, and sustain their wealth, or transition to the next generation, Tom can develop an effective strategy. Tom received his MBA from UCLA Anderson Graduate School of Management, and his BSC in Finance from Santa Clara University. He currently serves on the Board of Catholic Community Foundation. He has also served as the President of the Board for Catholic Charities of Santa Clara County and as Chair of the Board for the Montalvo Art Center in Saratoga, CA. On the weekends, you can find Tom reading a book or enjoying a long walk on the trails with his spouse.

Simple Steps for Setting Up a Family Office

Outlining your goals, setting a budget, and choosing the best technology are among the keys to establishing and running an effective family office. What is a Family Office? A family office is an organization that’s created to serve a [...]

By |2022-07-11T17:37:26-04:00July 14th, 2022|Categories: Blog, Family Office, Tom Crotty|Comments Off on Simple Steps for Setting Up a Family Office

What You Need to Know About Virtual Family Offices

In a virtual family office, most professionals serving the family are not in a physical office, which means the family office team can be situated almost anywhere. Additionally, these virtual family offices can be comprised of employees, individual professionals, [...]

By |2022-10-17T16:10:41-04:00June 16th, 2022|Categories: Blog, Family Office, Tom Crotty|Comments Off on What You Need to Know About Virtual Family Offices

Do Your Business and Family Office Need Separate CFOs?

The size and complexity of your business and family offices, the skills of your finance team, and a desire to protect your privacy can all help determine whether your business and family offices needs separate financial leadership. A shared [...]

By |2022-10-14T15:27:47-04:00April 12th, 2022|Categories: Blog, Family Office, Tom Crotty|Comments Off on Do Your Business and Family Office Need Separate CFOs?

Why the Right Quarterback is Critical to Your Family Office

One of the more striking challenges for family offices is managing the plethora of advisors who serve the family but may provide conflicting or confusing advice. To address this issue, a family office should appoint a “quarterback” to help [...]

By |2022-10-14T12:58:59-04:00February 9th, 2022|Categories: Blog, Family Office, Tom Crotty|Comments Off on Why the Right Quarterback is Critical to Your Family Office

Choose the Right Family Office Accounting Software to Eliminate Financial Complexity

Prioritize Your Family Office’s Accounting Software One of the most effective ways for a family office to improve efficiency and reduce complexity is selecting the best accounting software for its needs. While popular accounting software such as QuickBooks is [...]

By |2022-10-14T11:08:19-04:00February 1st, 2022|Categories: Audit, Blog, Family Office, Sage Intacct, Software, Tom Crotty|0 Comments

Is Scope Creep Running Rampant in Your Family Office? Regain Control with These Tips

What is Scope Creep in Family Office? Scope creep is the gradual addition of more and more activity, such as the need to manage an expanding array of entities or generations of the family. Expectation creep, a form of [...]

By |2022-10-12T12:50:08-04:00November 17th, 2021|Categories: Blog, Family Office, Tom Crotty|0 Comments

Five Imperatives to an Effective Family Office

It’s amazing how basic each of these five items sound, and yet often one or more are not present in family offices.  The result is frustration by the family, stress in the team, and a high likelihood that families [...]

By |2021-11-10T15:55:52-05:00August 10th, 2021|Categories: Blog, Family Office, Outsourced Accounting, Software, Tom Crotty|Comments Off on Five Imperatives to an Effective Family Office

4 Critical Areas to Explore Before Setting Up a Family Office

As families and their professional advisors begin discussing the potential benefits of creating a family office to manage their affairs, a number of challenges need to be considered to ensure the office meets the family’s goals. Identify what you [...]

By |2022-01-14T13:41:50-05:00July 6th, 2021|Categories: Blog, Family Office, Tom Crotty|Comments Off on 4 Critical Areas to Explore Before Setting Up a Family Office

Shifting from a Family Office to a Family Enterprise Mindset

A common mistake made by many high-net-worth individuals and families is failing to treat their family’s financial affairs as a business entity in their own right. Managing the business of the family’s assets is a critical practice that demands [...]

By |2021-11-10T13:38:54-05:00June 22nd, 2021|Categories: Blog, Family Office, Outsourced Accounting, Tom Crotty|Comments Off on Shifting from a Family Office to a Family Enterprise Mindset

Creating an Effective Family Office Structure

One of the most important factors in determining the success and effectiveness of a family office is creating a structure that supports the family and its objectives. This is typically a personalized decision that addresses several factors such the [...]

By |2021-12-28T12:06:09-05:00June 2nd, 2021|Categories: Blog, Estate & Trust, Family Office, Tom Crotty|Comments Off on Creating an Effective Family Office Structure
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