Family Office Services

Family Office Services for Generational Wealth and Legacy Planning

Every family faces its own set of unique challenges, and family offices are no different. As wealth grows, so does the complexity of managing investments, business interests, real estate, trusts, taxes, philanthropy, and day-to-day financial decisions. For many families, managing these needs becomes more complicated during a liquidity event, a business transition, or when decision-makers no longer want to personally manage every detail of the family’s affairs.

Through Mowery & Schoenfeld and M&S Wealth Management, families have access to a coordinated team of CPAs, financial advisors, and wealth management professionals who can help bring structure, strategy, and clarity to your wealth planning and management. This integrated approach gives families a more complete resource for tax planning, accounting, investments, estate and trust strategy, consolidated reporting, family governance, risk mitigation, and long-term wealth management — all in one place.

Michael Deering >

Partner, Tax Services Leader

Brian Figenholtz >

Tax Partner

Family Office Expenses: Why Structure Determines Deductibility >

Choosing the Right Family Office Structure >

What Is a Family Office and How Do I Know If I Need One?

A family office is a private company or organization that serves ultra-high-net-worth individuals whose wealth has become so complex that it requires expert help to navigate their needs. If you feel burdened by the management of your family’s wealth because of its size and complexity, then it may be time to consider working with a family office. A family office can also help protect your privacy by managing complex financial and lifestyle needs with confidentiality.

For families that need coordinated support but don’t want to build or maintain an in-house team, an outsourced family office can help manage financial, administrative, and advisory services through one connected resource. It can free up your time and your peace of mind when you have the support of highly skilled CPAs and advisors.

Your family benefits from the depth of a broader advisory team and the resources we offer to manage increasingly sophisticated financial needs, including investment and asset management, family office expenses, charitable giving, tax planning, and succession strategy.

Helping Your Family Succeed with Specialized Services for Family Offices

With strong experience serving as an outsourced family office, Mowery & Schoenfeld advisors work alongside M&S Wealth Management advisors to provide the financial, administrative, tax, and wealth advisory families need as their affairs become more sophisticated, including:

Consolidated financial reporting for a clear view of assets, liabilities, income, and financial position
Administrative services such as formation, charter or agreement, organizational chart, and functions
Accounting services including bookkeeping, reconciliation, and cash flow monitoring to help manage day-to-day financial responsibilities accurately
Budgeting and financial planning to align spending, saving, and long-term goals
Risk management advisory services to help evaluate insurance coverage, asset protection strategies, and potential financial exposures
Real estate acquisition and sales
Dispute resolution when financial decisions create disagreement
Mentoring and coaching for future generations to prepare younger family members to steward family wealth
Quarterly reports for consistent visibility into performance, cash flow, tax considerations, and financial activity across all accounts and assets
Estate and trust planning to assist with wealth transfer, legacy planning, charitable goals, and minimizing potential estate and gift tax exposure
Tax preparation, planning, and support navigating tax regulations to improve tax efficiency
Philanthropic planning, including for private foundations, to align charitable giving with other goals
Education funding planning to help children, grandchildren, or future generations in a tax-smart way

A Proactive Approach to Family Office Accounting and Advisory Services

We take a forward-looking approach to family office management. Our experienced professionals look at the big picture of your financial situation and your overall goals, going beyond traditional accounting and financial services to offer ongoing strategic planning for prosperity, longevity, and growth.

With decades of experience offering specialized services and support to affluent families, our team continuously assesses opportunities and risks, providing hands-on guidance so you can make informed decisions that strengthen your financial position.

Why Choose Mowery & Schoenfeld for Family Office Services

Our firm offers the depth of a top 150 accounting and advisory firm with the added benefit of integrated wealth management services through Mowery & Schoenfeld Wealth Management. Together, our professionals provide families with a higher-touch service model, more robust reporting, and a coordinated team designed to support the full range of financial decisions that come with substantial wealth.

Our team brings together CPAs, financial advisors, and wealth management professionals with three Chicagoland offices. For families seeking outsourced family office support, this connected approach creates a streamlined, one-stop resource backed by the experience, responsiveness, and personal attention needed to manage complex family wealth with confidence.

LEARN MORE ABOUT M&S WEALTH MANAGEMENT

Get Started with Family Office Services from Mowery & Schoenfeld

Talk to a family office advisor today.