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| Financial Administration |
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Our financial administrative services bring organization, clarity, and context to those with complex financial lives, particularly families with limited time who have the following concerns:
- Tracking investments across numerous vehicles including trusts, partnerships and philanthropic vehicles
- Coordinating across teams of advisors including attorneys, accountants, and other consultants or advisors
- Managing and protecting closely held assets that include family businesses, restricted stock, or copyright assets.
- Philanthropic activities that require tracking of gifts and determining whether the gifts align with the donors’ mission and values
- Income from multiple sources
- Multiple households across geographic locations
- Extensive travel demands
Family offices seeking to gain efficiencies by outsourcing administrative duties to a trusted partner may also benefit from these services.
Our client advisors work with you to assess your specific needs and develop a personalized set of services:
- Personal information management
- Cash flow planning
- Comprehensive client reporting
- Tax compliance
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| Trust Services | |
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- Trustee selection and coordination
- Trust administration
- Irrevocable life insurance trust allocation
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BRINGING CLARITY TO A SUCCESSFUL COUPLE |
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A successful couple in their 50s have $5 million in assets spread across 20 accounts with over five different institutions.
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The couple lacks a clear understanding of their financial health. Due to the difficulty in monitoring over 20 accounts and their inability to view the aggregate performance, they were unable to make sound decisions regarding a range of long term financial planning which includes lifetime income planning and investing in a second residence for their retirement. |
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The couple’s Client Advisor worked with them and their accountant to accurately assess all of their financial goals. Silver Bridge analyzed the family’s cash flow to help them better understand how close they were to meeting their retirement goals and also evaluate their life and long-term care insurance options. Their Client Advisor then consulted with the Investment Team to create a customized asset allocation strategy that precisely aligned with the couple’s goals.
Then, in an effort to simplify the couple’s financial lives, Silver Bridge reduced their personal accounts to a more manageable number and provided consolidated reporting on a monthly basis.
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The couple, who benefited from newfound clarity over their financial situation, are working with Silver Bridge to help plan the next steps in their financial future, including revising their plans for their estate, developing a proactive approach to philanthropy, and engaging a life and long-term disability advisor.
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