Tax Services for Family Offices

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.

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.

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:

• 2020 essential tax and wealth planning guide

• Family investment partnerships

• Private foundations

• Succession planning

• Tax controversy

• The pre-mortem assessment: planning for certainty in uncertain environments
• Tax reform pass-through impacts
• Family office thought leadership library

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.