A Holistic Approach to Family Financial Management

At Walsh Consulting, we understand that true wealth is more than just a number. It is the freedom to pursue your passions, the security of your family's future, and the lasting impact you wish to create. Our comprehensive suite of family office services is meticulously crafted to address every facet of your financial life.

Banking

Management of all banking relationships including negotiating lines-of-credit, mortgages, and other financing arrangements.  Overseeing daily banking needs, including invoice processing and account maintenance.

Accounting & Budgeting

Accounting for all spending and periodic financial reporting. Preparation of annual budgets with monthly, quarterly or annual reconciliations, tailored to your family’s specific needs..

Wealth Management 

Selection and supervision of relationships with external investment managers and quarterly review of investment strategy and performance.  Work directly with alternative asset managers, including hedge funds and private equity firms, outside of the primary investment relationship.  Management of all capital calls, distributions, and reporting to owners.

Payroll

Processing of payroll for household staff and other employees, purchasing employment insurance, negotiating employment contracts, assisting with hiring and terminating staff, and working with outsourced providers to ensure compliance with all employment laws.  Work with retirement plan consultants to implement 401(K) and pension plans.

Operating Companies

Support of family operating entities, including formation, structuring, annual reporting, accounting, bill pay, budgeting, financial analysis, hiring of staff, financing options, tax return preparation, and insurance.

Estate Planning

Collaborate with estate attorneys to develop and implement an overall estate plan. Ensure that the estate exemption is being fully utilized, estate tax is minimized through various planning techniques, trust provisions are being complied with, and that the family understands and is comfortable with their overall estate plan.  Work with marital attorneys regarding asset protection through pre-nuptial agreements and serve as a trustee and/or executor for clients’ trusts and estates.

Tax Preparation & Planning 

Partner with outside tax firms to prepare individual, partnership, S Corporation, charitable foundation, and gift tax returns.  Calculate quarterly estimated payments, manage tax audits, respond to all tax notices, and implement planning solutions to minimize tax exposure. Relationships with several tax firms, of various sizes, to accommodate the specific needs of clients..

Real Estate Management

Oversee financial aspects of client construction and renovation projects, including negotiating contracts with architects, general contractors, and other vendors, reviewing invoices, maintaining timelines, reviewing change orders, and conducting periodic construction calls and site visits..

Insurance

Work with insurance brokers and specialists to implement and maintain proper coverage and competitively priced policies for life, home, artwork, private collections, autos, medical, cyber, ransomware, and excess liability.  Ensure policies are updated and that solutions fit the clients’ changing needs both in the US and abroad.