working with Maestro as a family advisor
Single family offices, Trust and Estate attorneys, asset managers, and investment advisors have relied on Maestro companies for more than 30 years to deliver reliable and unfailing outsourced administrative family office services to their clients.
We deliver peace of mind to both you and your clients through our sophisticated, customized, dependable, secure wealth administration solutions tailored to meet your clients’ daily financial needs.
Supporting your Clients
We manage the day-to-day details of your clients’ financial life and deliver a full, 360 degree view of their finances so that they, and you, can make more informed decisions. We focus us on the daily details delivering your clients peace of mind.
WE UNDERSTAND THAT your clients’ financial lives are complex.
Central to our success is making that complexity simple so that our clients and their advisors can make the best personal wealth decisions. Maestro is an ideal partner for RIAs and other financial advisors. Our solution set is designed to take the pressure off of you and your clients. We use a combination of professionals and technology to deliver a suite of services to best serve the daily administration of your clients’ financial life.
OneControl
No successful business would consider operating without a real-time income statement, cash flow analysis, and balance sheet, so why should your client’s family? Maestro’s OneControl delivers consolidated reporting so you and your client can make better decisions.
Family Payables
We manage and execute all bill payments for the individual family members and entities including timely communication, contract terms review, and historical payment research. We make sure the day-to-day finances are administered not only efficiently without exception , but also customized in accordance with the family’s personal direction and style.
Alternative Investment Administration
Because we manage the family’s daily finances in coordination with the professional investment teams and wealth managers, we have direct investment and business performance visibility. This ensures all requirements for pooled, fund and individual investments are met including proper administration and completion of subscription documents, monthly communications, and timely capital call verification, fulfillment, and reporting.
Cash Management And Analysis
Acting as the family’s advocate, we coordinate and report all of the banking and cash management needs, including cash flow, forecasting, budgeting, capital needs assessments, and banking services.
Digital Office
We take care of life’s details like processing the family’s mail and important documents, so it is digitally available wherever they are. Plus, we can virtually store any physical or digital documents with easy retrieval.
Financial Management Of Personal Properties
No details of the family’s homes’ finances are overlooked. Starting with acquisition, we track and document the cost basis and capital improvements to ensure proper valuations are immediately available. We monitor all expenses, including insurance and property taxes, by residence so the family can fully understand the cost of maintaining each home. Renovation and construction projects are our specialty as we work with the contractor and property managers to provide project budget oversight and reporting.
Household Employee Human Resources
We manage the family’s domestic staff payroll and related compliance, including withholding and year-end tax reporting requirements. In conjunction with payroll, we review and administer all employee benefits, including health and retirement plans. If the family is thinking of hiring new staff members, we provide talent acquisition support, personalized employment training including emergency planning, and household employee procedure manuals.
Insurance Management
We work directly with the family’s insurance brokers and policy providers to coordinate proposal comparison and review, warrant proper coverage for the family’s assets, assist in policy selection, and process future claims on their behalf.
Trusts & Foundations
We help manage the family trust and foundation entities and accounts by providing organizational charts and summaries to ensure proper governance and controls.
OneBalance
A family’s management of its income is directly influenced by its understanding of its assets. More sophisticated alternative investments have created opportunity but made it more difficult to easily and accurately view the overall picture—drawing on multiple advisors with complex coordination. The solution? Maestro OneBalance.
360 Degree Financials
We prepare customized financial statements breaking them down by family, group, property, or entity to showcase both net worth and investment performance. Our data-driven perspective delivers you and your client complete visibility and control.
All Asset Oversight
We aggregate the family’s investment and cash accounts, private equity holdings, real-estate and other alternative investments into a single dashboard view giving you and your client a current, complete, and accurate picture of assets across all holdings.
Family Income And Expense Analysis
Multiple sources of income and expense create a complexity that can be overwhelming. Our unique data collection and reporting process allows you and your client to see it all in a single view.
Reporting For Your Team
Whether you or your client need reporting for the CFO, a trustee, different family members, or any other stakeholder, we curate the right reporting.
Personal Asset Management & Coordination
Collections are valuable. We design unique inventory reports with complete descriptions, appraisal valuations, and photographs for each insurable or bequeathed personal item in the family’s collection. We manage the collection register to include original cost basis, hold periods, and annual valuations to keep the catalog current and transparent to you, your client, and the tax risk management, estate, and property management advisory teams.
Liability Administration
We facilitate and process payments for loans and other liabilities, tracking loan maturity and covenants associated with complex lending. We document and record intra-family loans, administering and documenting at arms-length to preserve family cohesion and protect tax estate compliance.
Tax Support and Advisory
Trust and discretion are the pillars of the ideal advisor relationship, built over years and often generations. Advisors like you require access to accurate data, must understand the family’s short- and long-range intentions, and need to communicate often and well. This is where Tax Support and Advisory comes in. We understand the role of the advisor, and facilitate family data flows to you so you can deliver even higher quality advice and actions.
Goal Driven Financial Plans
Every client engagement starts with a discussion regarding goals. Whether family generational planning, philanthropy, buy/lease decisions and/or re-investment and serial entrepreneurship, our team is organized to sweat the little details, so you and the family don’t have to.
Tax Planning, Return Preparation & Tax Controversy
As the family’s tax professional, or a partner to the tax professionals, we proactively assist in tax planning strategies—whether estate, investment, or business related, short term or multi-year, domestic or international so that the family can maintain the best tax position.
Coordination With The Team Of Advisors
When the need arises for quick coordination with the family’s advisors, we manage the secure transfer of information to ensure a full picture of the complex financial data is available to the entire team.
Annual Gift Tracking
We track the family’s gift and asset transfers to family members, friends and trusts to ensure the maximization and use of annual and lifetime exclusions and provide proper documentation for gift tax return preparation.
Realize your potential
partner with Maestro
