Tax and Administration
The absence of advanced tax planning structures is likely the greatest oversight for families of eight and nine figure wealth. We believe your family should consider the use of the same planning and structures that Fortune 500 companies use to reduce a large portion of their current interest, dividend and capital gains tax exposure.
Much like an ocean liner turning far outside of a harbor, the lead time for designing and implementing many structures can be lengthy. However, once in place your family has the potential for huge reductions in current income tax liability, and the potential elimination of future estate taxes.
We explain the potential advantages and disadvantages of this planning, and how the recommended structures are compliant with all U.S. tax laws *. The change in your ‘before and after’ tax picture can be dramatic, and could be reason enough to work with us.
Financial administration can be time-consuming and tedious without the best technology, systems and processes in place. Compiling complex financial reports, paying bills, tracking expenses, and managing documents are core services of financial administration. Your ability to delegate these tasks to trusted professionals, yet have easy access to reporting at a moment’s notice is a valued service with many families.
Our state-of-the-art software allows you, your partners and heirs to view accounts and values on a ‘need to know’ basis, due to percentage of ownership capabilities. Comprehensive reports allow you to see the big picture, or the most minute of details, and are available from virtually every custodian that reports financial data.
What investments are most suitable for your goals and needs? You can own virtually every private and public investment, but where should you position your wealth? And how does it fit with the rest of your planning? Click Here for Investment Management as we continue the journey around the Convergent Virtual Multi-Family Office Path of Needs.
* Convergent Virtual Multi-Family Office is not a CPA firm
Investment Advisory
The goal for an investment manager of captive assets, in an ideal scenario, is to limit taxable dividends, interest and capital gains as much as possible, while maximizing the potential returns of the selected investments.
Trust & Estate Planning
The best trust and estate planning provides for a multi-generational legacy, with your goals and values front and center.
Asset Protection
Asset protection is often an after-thought in the planning process, yet its importance is only realized when it is inadequate or missing.
Family Engagement & Philanthropy
We help your family improve lines of communication, develop your heirs’ financial literacy, and model the leadership and decision-making skills for the following generations.
Comprehensive Planning & Wealth Management
Our virtual multi-family office structure allows for multiple personal meetings and virtual meetings to ensure that we understand your goals and desires.