The family office is not a familiar concept in Canada. In the US, however, family office services are in high demand.
A family office is essentially a service, or a package of services, that takes care of the daily administration and management of a high net worth family’s affairs. Due to the time commitment and complexity of running a household with multiple properties, employees, memberships and/or expenses, families turn to qualified professionals to perform these services on their behalf. This is where CHY Accounting & Tax comes in.
CHY’s family office service provides an outsourced solution to managing the financial and investment side of your household. A family office can save you time, reduce your stress and improve your control over your finances. For instance, CHY can offer the following services, among others:
tax planning and compliance services
bill payment services
real estate management
family-owned business oversight
managing household staff
document management and record keeping services
family member financial education
family support services
Each family has its own unique needs. CHY’s comprehensive set of services gives you the flexibility to design service packages to best suit your specific needs. If you are interested in learning more, visit our website and contact CHY today.