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| Family Office Services |
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Silver Bridge works collaboratively with families of substantial wealth that may
have one of the following objectives:
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- Finding an alternative to establishing a family office
- Establishing a dedicated family office
- Improving an existing family office currently in place
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For each and every client, we assess their needs, help design a customized solution
to address their long term goals, and partner with their existing advisors to help
ensure a flawless execution of administrative and investment activities. Our family
office services can be used discretely or in combination to help families and family
offices achieve their goals.
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Consulting
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We work closely with our clients to help clarify their needs and define a vision
and governance structure for their family’s wealth. Our consulting approach encompasses
the following activities:
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- Needs assessment
- Family office design
- Long and short-term strategic planning (i.e. Family mission statement)
- Benchmarking and ongoing oversight
- Ongoing educational programs
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| Enhanced Resources |
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As a family’s net worth increases, so do the complexities of managing and administering their wealth. Partnering with a firm that understands these challenges becomes paramount. To address these complex needs, Silver Bridge offers an enhanced set of services provided internally and with the help of third-party providers.
Read More >>
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| Outsourced Solutions |
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- Outsourced CIO: For established family offices seeking assistance with controlling costs and sustaining their business, Silver Bridge can serve as an “Outsourced CIO” to advise on strategic and tactical asset allocation, conduct extensive manager due-diligence, monitor performance, and provide ongoing economic and investment research.
- Outsourced CFO: Silver Bridge can also act as an “Outsourced CFO” to provide financial administration and management, including tax planning and preparation, partnership accounting, customized reporting, and document storage.
- Dedicated family office: Silver Bridge can serve as a dedicated and fully integrated family office for families who do not want to establish their own family office or no longer want to maintain an existing entity in place.
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EXPANDING A FAMILY
OFFICE’S CAPABILITIES |
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An established family office serving a multi-generational family with assets of $60 million, with the majority of assets in trusts.
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The family office was thinly staffed and sought a partner with a flexible range of services to:
- Alleviate the administrative and time burden of partnership accounting and tax preparation, reporting, managing alternative investments (i.e. capital calls), and coordinating multiple external advisors
- Generate clear and comprehensive set of reports across all of its investments, including its large allocation in alternative investments
- Help the family office adopt best practices in overall risk management
- Optimize limited resources by outsourcing specific functions to save money and improve employee satisfaction by refocusing responsibilities on value-added services
- Work closely with legal advisors to help the family office significantly restructure legal entities for estate and tax planning purposes.
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Silver Bridge worked closely with the family office to develop some innovative solutions to its various challenges:
- Partnership accounting for a number of investment entities
- Consolidated reporting and monthly performance reporting for all client investments, including a large number of private equity investments, through its state of the art technology and reporting infrastructure
- Investment consulting, including asset allocation, research on the market, research on specific securities, and external investment managers.
- Creating a document storage and organization system was created to maintain all relevant financial documents in an organized manner, accessible through an on-line portal.
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Partnering with Silver Bridge is expected to provide the family office with significant
time savings and a clarified view of all of its assets. The family office will be able
to make better informed investment decisions with a tax-sensitive approach. In addition,
it can provide more proactive wealth planning advice to the end-client, the
family members.
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