Family Office Services2021-09-09T11:25:36-04:00

Providing Families with Relevant, Timely and Accurate Information – and Expert Insight – for Better Decision-Making.

Speak with an Expert

Are you confident you’re making the right decisions for your family office?

Sensiba San Filippo LLP offers family office services for your distinct needs. Our enterprise-level approach provides your family office with timely, relevant, and accurate reporting, internal controls, accounting support, and CFO insight so you can make informed decisions.

Our Process

Family Office Accounting and Reporting

Accounting and Reporting

Reporting starts with understanding your family’s information requirements for the decisions you need to make. 

We’ll track major assets and liabilities to establish and track your net worth, including personal use assets, investment portfolio assets, real estate investment assets, and legacy-oriented assets. We manage bill pay to ensure vendors are paid accurately and on time. We make reporting elegant, intuitive, and robust enough for key decisions.

Internal Controls

Family offices often have limited personnel, making internal controls difficult.

We’ll review controls you already have in place, recommend improvements, and monitor their implementation. Fraud and malfeasance plagues almost 30% of family offices, but suitable internal controls will provide checks and balances designed to help mitigate this risk.

Family Office Internal control to eliminate risk
Family office technology

Technology

Having the right technology makes your life easier.

Our team is well versed in a wide range of solutions that are used throughout family offices. We’ll evaluate what you’re already using, and when needed, recommend, and implement solutions designed to simplify your operations and scale with your needs. We’ll ensure you have the systems in place to see your complete financial picture, the ability to share your financial data when you need to and reduce manual tasks that bog your team down.

Need a service we don’t provide? By working with us, you’ll have access to our network of trusted third-party service providers.

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Cash Management

Is cash available when you need it and where you need it? 

Understanding your cash flow sources and requirements will go a long way to ensuring you achieve your goals. We’ll help orchestrate budgeting to eliminate your cash management headaches. We can work closely with your family and your wealth advisors to help ensure there are few, if any, surprises.

Family office cash management
Family office operations

Operations

Consistent Improvement & Assessment

An operational review will examine your annual plan for insurance reviews, technology assessments, key advisor meetings, and balance sheet reviews with key advisors and family members. Small changes to operational behaviors, like setting standing meetings, can make a big impact on your family office’s operations.

Tax Consulting and Compliance Preparation

Efficient tax preparation with your tax strategies in mind

Paying only the taxes you owe is a critical component to building wealthOur tax professionals can review your current strategies and advise as to what might be done to reduce your tax burden.  Sometimes a second opinion is all you need to know you are doing the best you can for your family.  We also support your family office by keeping tax filings in mind all year long to help ensure the success of your tax planning strategy. Our services are designed to make collecting tax information as painless as possible. We work closely with you and your tax advisors so that there is a clear understanding what information is needed and when. SSF can integrate technology that will consolidate your portfolio information so that you can mitigate taxes through tax loss harvesting and potentially reduce the risks in your overall portfolio, which simply can’t be done effectively without employing such technologies.

Family Office tax

About Us

We provide clients with CFO guidance, intuitive financial reports for informed decision making, access to expansive tax expertise and to a vetted network of third-party industry professionals. Our practice has seen a wide range of challenges faced by family offices and while many share similar problems, each is unique. Our breadth of knowledge and decades of experience serving families and family offices allows us to adapt and create solutions quickly and effectively.

Family Office Leadership

Frank Balestreri
Frank BalestreriConsulting Partner-in-Charge
Email Frank
(925) 271-8700
Tom Crotty
Tom CrottySenior Manager, Family Office Practice Leader
Email Tom
(925) 271-8641

Recent Blogs

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