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Services

Tax Services for Family Offices

Building a legacy with confidence

Establishing and operating a family office—or expanding the services of an existing family office—requires careful analysis and planning to properly manage, protect, and grow a family’s wealth.

Establishing and managing a family office

Deloitte can help a family office from formation throughout the lifecycle of its operations. Protecting legacy: The value of a family office is designed to help wealthy families build on their current understanding of what a family office is, consider factors that have contributed to the success of other family offices, and formulate a plan that leads to the creation or expansion of their own family office.

Deloitte can help each step of the way, so the legacy a family has built sustains its interests in the future. For more than 100 years, clients and their advisors have looked to us for our knowledge, discretion, and commitment. Leveraging our global network, we offer an essential range of services—from tax advice and compliance to next-generation family governance—to help you build a legacy with confidence.

How Deloitte can help

Wealthy families have numerous options for obtaining personal and financial services. A key success factor in forming a family office is to engage the right people to do the right work. For long-term success, it is, therefore, important to establish and periodically reassess the balance between services performed in house by competent family office employees and those outsourced to qualified service providers.

For those activities that the family office chooses to outsource, the family office executive must build the right advisory team and choose the right third-party providers to deliver those services. Developing a network of resources who are specialists in the respective service offerings is key to putting an effective team in place.

Deloitte has discretely served high net worth individuals, families, and their enterprises for more than a century. As a trusted adviser to many affluent families, family offices, and private trust companies, we offer significant integrated service capabilities and in-person experiences and integrated service capabilities. For example, Deloitte’s Private Wealth, Corporate Finance, and M&A Transaction Services professionals can assist with many aspects before, during, and after the sale of a privately-owned business. Family offices gain access to our global network of resources and extensive knowledge and experience tailored to the unique circumstances of each family office and the family it serves.

Tailored services for family offices

A sample of the services we offer to families and family offices to help them analyze and prepare include:

Additional insights

Deloitte professionals are ahead of current industry trends, bringing you key insights to help your family office address relevant marketplace issues.

Access additional perspectives including:

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Deloitte family office events and programs

Deloitte National Family Office Forum

Our National Family Office Forum, held at Deloitte University in Westlake, Texas, brings together leaders from more than 100 of the most significant family offices in the United States, allowing family office executives from across the country to network and learn about topics relevant to family offices across the globe.

Recent themes included:

  • 2018: The resilient family office
  • 2016: Families impacting the future

At the 2018 forum, Deloitte hosted a series of breakout sessions on the family office value proposition to evaluate where single family office (SFOs) stand today, then brainstorm innovative ideas that might be used to define the value of the SFO going forward. In the family office value proposition, Deloitte consolidated the ideas and drew out the highlights—along with, we hope, a dash of inspiration for taking your own family office to the next level.

Deloitte also offers in-person local forums in the following cities:
Chicago, Cincinnati/Cleveland/Columbus, Detroit, Houston, Los Angeles, Miami, Milwaukee, New York, San Francisco, Orange County, Philadelphia, Phoenix, and Seattle/Portland.

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Get in touch

Julia Cloud

Julia Cloud

National Industry Leader | Private Wealth

Julia leads the Private Wealth sector of the Investment Management industry practice, Deloitte Tax LLP. This sector focuses on the needs and challenges of the buyers and providers of private wealth ma... More

Wendy Diamond

Wendy Diamond

US Family Enterprise Leader

Wendy serves as the US Family Enterprise leader. In this role, she works closely with first generation and multi-generational owned businesses and their owners to help them identify and navigate the u... More

Eric Johnson

Eric Johnson

US Family Office Tax Leader

Eric currently is a partner with Deloitte Tax LLP and serves as the US Family Office Tax Leader. His more than 25-year career in public accounting has focused on serving ultra-wealthy individuals, fam... More