Hoffman Family Office
Hoffman & Associates is now offering Hoffman Family Office (HFO) services to promote the investment, legacy, and personal success of wealthy individuals and their families. These new HFO services deliver accounting, bookkeeping, and consulting to help clients manage their complex financial lifestyle across generations. What these services do not provide is investment advice. Our menu of HFO services, alongside our traditional legal and tax services, provide clients with an understanding of: (1) their current financial situation, (2) how to preserve and protect their wealth, (3) how to support philanthropic organizations and the causes they desire, and (4) what assistance is needed in managing day-to-day financials. Whether it is paying bills, reconciling checkbooks, measuring investment performance or shopping for insurance, HFO services provide value that far exceeds cost. HFO services include:
Accounting:
- Financial statements
- Bill payment
- Cash flow management
- Record keeping and retention
- Bank statement reconciliation
- Budget and payroll management
Investment & Insurance:
- Investment review, measurement and reporting
- Balance sheet and net worth management
- Insurance needs definition and policy acquisition
- Insurance shopping, evaluation and monitoring
- Titling of assets
- Beneficiary designation for insurance, annuities, IRAs, etc.
- Medicare and Social Security planning and administration
Philanthropy:
- Establishing of family goals and vision
- Philanthropy advice and management
- Investment and strategy alignment
- Charity administration
- Tax reporting
- Establishing and oversight of family charitable foundations
Pricing:
- Pricing will include both fixed monthly fees for accounting services and hourly rates for investment & insurance and philanthropy services. Fixed monthly fees will start at several hundred dollars per month and will be adjusted depending on the number of checks written, the complexity of management or any other special reporting requirements.
For more information on Hoffman Family Office services, please visit the Hoffman & Associates website at www.hoffmanestatelaw.com or call us at 404-255-7400.
In accordance with IRS Circular 230, this article is not to be considered a “covered opinion” or other written tax advice and should not be relied upon for IRS audit, tax dispute, or any other purpose. The information contained herein is provided “as is” for general guidance on matters of interest only. Hoffman & Associates, Attorneys-at-Law, LLC is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. Before making any decision or taking any action, you should consult a competent professional advisor.
