FAMILY OFFICE ACCOUNTING
Concept Fund Services is comprised of an expert group of CPAs, accountants, and other specialists who provide a variety of services to support and enhance family office and private equity operations.
These services include:
- Processing accounts payable and managing vendor relationships
- Developing and maintaining an annual budget and forecasting processes
- Reconciling and maintaining detailed accounting records for personal and corporate entities
- Creating an inventory of valuable assets, including fine art and jewelry, with current appraised values and coverage
- Liaising with outside tax accountants and attorneys
- Providing a comprehensive and customized financial reporting package for each family member and or member group
- Detailing out holdings and values of assets held
- Reviewing existing insurance coverage and pricing, discussing areas for improvement and implementing changes, if appropriate
- Interacting with your insurance broker, overseeing periodic reviews and providing support on claims management
- Administering payroll and related human resource functions
- Facilitating new hire recruitment as well as on-boarding and off-boarding services
- Developing employee handbooks