Holistic Family Office Solution and Partner
Proficio works with families to deliver a comprehensive and integrated dynamic solution for our families complete financial and administrative affairs
Quarterback of your Family's Expert Advisory Team
Partner with your family’s estate, insurance and tax subject matter experts (SMEs) to develop, coordinate and implement short and long-term family plans
Coordinate tax planning and preparation
Estate plan implementation in partnership with your legal team
Review of all insurance plans (e.g., life insurance, personal)
Proficio partners with the family’s selected SMEs; however, has built an extensive rolodex of the top experts across all professional disciplines if further assistance is needed
Reporting and Record Keeping
Proficio helps keep accurate records of your famil’s net worth and provide consistent updates that help you make informed financial decisions, including:
Preparation of consolidated statement of net worth
Entity tracking for trusts, foundations and closely-held businesses
Asset allocation and performance reporting
Access to your portfolio information online 24/7 via our CRM portal, Addepar
Utilize a secure file-sharing portal for document recording/retention
Day-to-Day Asset Servicing
Actively manage/service the administrative needs for your family, including:
Wires, transfers, account set-ups via our preferred custodian
Remittance of investment capital calls
Tracking of all distributions – e.g., investment, retirement plan required minimum distributions – RMs, tax
Payment of tax estimates in accordance with your tax advisors
We seek to recover every cent – Class Action Lawsuits with ISS
Work to assist families in minimizing the risk of fraud or any other financial complications during crisis
Future Planning Considerations
Run the Proficio “Fire Drill’ scenario analysis to understand your family’s liability under various tax regimes
Coordinate ‘Annual Summit’ Meetings with advisors to ensure coordination of advisors and adherence to the familv’s core values and mission
Implement next-generation and family governance strategies that provide age / skill / interest-appropriate opportunities to lead, mentor, learn, influence, or grow to build familv cohesion and communication
Assist in Charitable and philanthropic guidance / planning