Family Office Services

Our Family Office services team includes certified personal financial specialists, CPAs, and valuation experts. They deliver a full array of services to help manage, create, grow, and protect family wealth.

Our services are flexible and scalable to the needs of each family with whom we work, whether large or small. Our Family Office service team is committed to working closely with a family’s other advisors, including their attorney, investment adviser, and other trusted professionals.  We can also help assemble a team and coordinate efforts within the team.

We pride ourselves on our accessibility, thoroughness, and hands-on involvement to provide meaningful, insightful, and proactive advice.

Bluestone Services is a subsidiary company of KatzAbosch, a leading accounting firm in the Maryland area for over 50 years.

Contact us to get started or call us now at 888.797.BLUE (2583).

Service Offerings

accounting-reporting  Family Office Services Accounting

Accounting & Reporting

Our experts will provide detailed financial statement reporting, a true general ledger, cash management and workflow standards. Learn more about our outsourced accounting services.

accounting-financial-statement-preparation  Outsourced Accounting Services Financial Statement Prep

Bill Paying & Budgeting

We will sort, evaluate, and pay any bills you designate, keeping you informed throughout with personalized reporting.

payroll-workers-comp  Family Office Services Payroll Workers Comp

Estate, Gift & Trust Planning

We employ advanced planning and wealth preservation strategies to help you preserve your legacy and achieve your philanthropic goals in the most tax-efficient way.

other-services-financing  Family Office Services Financial

Retirement

We will select the best retirement strategies available based on your circumstances so that the control of your financial future is in your hands.

human-resource-consulting-icon

Succession Planning

Our experts will provide guidance on best practices for integrating the next generation into the family office’s decision-making process or develop succession plans to maintain a smooth transition of ownership.

accounting-domestic-tax-compliance

Tax Planning & Compliance

We inform you of legislative changes and the impact these changes have on your wealth planning goals. We will deliver creative solutions and quality tax advice while identifying opportunities that benefit our cleints.

business-consulting-6

Valuations

We produce comprehensive analyses and deliverables that reflect our technical depth and extensive experience with complex valuation issues and diverse industries.

Family Office Services FAQ's

What is the benefit of a Family Office?

Living a life with wealth comes with many opportunities and the ability to experience some of the greatest pleasures and passions that the world has to offer. Behind the scenes, however, the financial and administrational challenges faced by high-net-worth families mean that a considerable amount of their time can end up being spent on managing the day-to-day, coordinating a myriad of advisors, and, in many cases, facing inter-generational challenges.

The benefits of working with an outsourced family office services provider include:

  • A plan for your complete financial affairs, including investments, wealth transfers, proactive tax planning, and optimal ownership structures.
  • An approach to risk management, so your family and wealth are protected.
  • Time-saving and complexity management, by having a family office coordinate and oversee all the components of your financial affairs.
  • The cost-saving benefits of outsourcing for specific financial management activities versus creating a single-family office.
  • Coordination of your advisors – including lawyers, accountants, investment and insurance advisors – to ensure that your family’s objectives are met.
  • A strategic approach to family philanthropy.
  • If something happens to your decision-maker, someone knows your family and wealth to manage transitions into future generations.
  • The proactive, personalized, and highly responsive service of an independently-owned, and managed firm.
What do Family Offices do?

The common tasks that a family office may oversee include:

  • Comprehensive oversight of family assets
  • Contemporaneous recordkeeping of all financial assets
  • Daily management of property and other real asset holdings
  • Preparing financial reports showing:
    • cash flow
    • income
    • gains
    • losses
    • statement of assets and liabilities
  • Coordinating the advice and services received from all of the clients’ other professionals
  • Being responsible for implementation and ongoing management for each matter under oversight
  • Oversight of
    • philanthropic activities
    • foundations
    • gift trust accounts established.

Each family has its own set of unique issues, and each family wants to delegate some or all of these matters.

Related Articles

TestText 06/28/2121

Retirement Plan Startup Costs Tax Credit

A tax credit for small-employer pension plan startup costs may be awaiting you. You may be able to claim a tax credit of up to $5,000 when you set up

Read More  
06/28/2121

Planning Ahead for Tax Credits and Deductions

Everybody wants to pay as little in taxes as possible. Most people use software or hire an accountant to help them find all the deductions they can

Read More