SERVICE OVERVIEW

Family Office

 

Manage Your Generational Wealth with Confidence

 When it comes to multi-generational wealth, there’s a level of complexity that can seem daunting. From educating your family members to determining your philanthropic goals, carefully thought out decisions must be made.

You’ve worked your whole life to build and maintain your wealth. You want to protect your assets and focus on what’s best for your family -- we can do that. At Plancorp, we can help you feel secure about your legacy and how it’s carried out through our multi-generational family office practice.

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FINANCIAL GOALS

Before making any plans, we’ll work with you to understand your values, family history, current financial situation, and the future goals of your family.

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STRATEGY

Your plan will be uniquely yours and focused on ensuring present and future financial success for you, your family, and your philanthropic goals.

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EDUCATION

There’s a lot to learn when it comes to multi-generational wealth. We’ll take the time to educate your entire family on the history, values, and complexities surrounding it.

What We Offer

  • Tax Coordination and Planning
  • Protecting Your Estate
  • Family Education and Governance
  • Investment Management
  • Accounting Services

Tax Coordination and Planning

Our CPAs will evaluate your current tax strategies, review recent returns, and make recommendations to show how taxes can impact your different legacy scenarios.

Protecting Your Estate

Trusts and estate planning are designed to help you manage and preserve your family’s assets. Our team can develop a unique plan for you and your family that align with your goals and objectives.

Family Education and Governance

An alarming 70% of wealthy families lose their wealth by the second generation, and 90% lose it by the third. Through the correct education and governance, your family can make the right decisions to keep their finances healthy and your legacy intact.

Investment Management

Your investments helped build your wealth, and we’ll help keep them healthy by evaluating your holdings and providing valuable feedback. Together, we can establish a clear Investment Policy Statement (IPS) to guide your investments and set an asset allocation that will help you reach your family’s financial goals.

Accounting Services

Our family office aims to take care of all the details regarding your generational wealth. We provide services from experienced Certified Public Accountants (CPAs), budget and cash management, and accounting services  to ensure your wealth is being handled wisely.

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Frequently Asked Questions

What is generational wealth?

Generational wealth and wealth transfer is a component of financial planning that aims to pass down your financial values to future generations, like your children and grandchildren.

How can Plancorp help my family prevent losing its money in a wealth transfer?

Most families lose their wealth when it’s passed down because generations are not taught the value of money, how to handle it, or to talk about it. Our family education and governance aim to resolve these issues.

What are my options when passing down my wealth?

Your money can either go to people in your family, charities, or taxes. Your Plancorp financial advisor will work with you through different options and how they can impact your legacy.

How do you get paid at Plancorp?

We are only compensated from the fees our clients pay us -- not from the products or services we recommend. This allows us to remain objective.

What other financial services do you provide?

Our professional team can guide you on other critical financial strategies like retirement planning, philanthropy, and charitable giving, institutional asset management, exit strategy, and more. For more information, click here. 

Your Team

Plancorp’s family office is comprised of members from our entire organization. You’ll have access to CPAs, attorneys, bankers, and other professionals that will work with you on the specifics of your generational wealth.

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Brian King, CFP®, C.P.A

Chief Planning Officer

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Jamie Cailteux

Family Office Assistant

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Kori Hemmann

Family Office Assistant

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Elizabeth Beauboeuf

Wealth Manager

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Jacob Malina, CFP®, AIF®

Financial Planner