PFM oversees your business and personal financial affairs, making recommendations and consulting with you in all financial areas including the required day-to-day recordkeeping and bill paying, income collection, investment management, budgeting and other areas outlined in more detail below.
We prepare monthly bank reconciliations and provide periodic cash flow reports summarizing your income received and payments made and establish payment plans to creditors that will accommodate your cash flow requirements. We assist with the necessary financing for the purchases of homes and automobiles and other major acquisitions and manage your business and household employee payroll requirements.
We analyze your current insurance coverage in conjunction with your insurance brokers to determine if adequate protections are in place and make recommendations as to additional coverage that may be required.
Our clients constantly seek to maximize value, and so do we. Our bill pay system and family office services allow personal and business bookkeeping to flow seamlessly into our tax planning and preparation work. Not only does this provide clean and organized records, it also affords us a more comprehensive understanding of your financial and tax situations for consulting and planning purposes.
These services are flexible and customized to fit your unique situations and specific needs. We understand the challenges and issues that wealthy families face on a daily basis with the dynamics of the different services that may be required for different family members. In addition to the regular business management services that may be needed for the various family members we work to develop efficiencies within the family interaction. Issues such as philanthropy, education, estate planning and family governance can play a large role in how we interact and provide our services to our family office clients.