Marcum Family Office

Increasingly, families are discovering that although their wealth brings many luxuries, it also brings challenges and increased responsibilities. Some families have created their own fully-staffed offices to handle the complex administrative functions associated with wealth.

By utilizing the services of skilled and highly experienced family office service professionals, high net worth families can achieve improved financial management and receive valuable guidance in a cost-effective manner. Marcum Family Office Services division provides wealthy families access to a collaborative network of specialized professionals, giving families peace of mind coupled with financial and administrative freedom.

Marcum provides high net worth families a host of services ranging from bill paying and lifestyle management to philanthropic giving succession planning. A dedicated account leader works closely with each client to develop a highly personalized plan that will serve the particular family’s unique needs.

A Trusted Advisor

Typically, high net worth individuals work with a number of experts in various fields, including tax professionals, attorneys, insurance agents and investment advisors. More often, these individuals do not have one person overseeing and coordinating all of their professional services. Marcum Family Office professionals develop a relationship with each existing advisor and coordinate activities to avoid duplication of efforts and unnecessary charges, ensuring that each client’s short and long term goals are met.

Ask Marcum

Marcum's Family Office group provides:

Expense Monitoring
Lifebook
Investment Monitoring

Marcum’s bill paying and check writing process allows for constant monitoring and review of all expenses. In addition to paying bills and reconciling a client’s bank accounts, Marcum professionals prepare a customized monthly transaction report categorizing all expenses.

A Lifebook is a summary of a family’s personal and investment information. It contains emergency phone numbers, contact information for all professional advisors, insurance and benefit summaries, a will summary, a balance sheet and income statement. Updated annually, the Lifebook helps every member of the family stay organized, ensuring that all financial and personal information is in one place. This can be an extremely important tool in a time of need.

Marcum Family Office professionals are able to track market information including concentrated stock transactions, cost basis, fair market value, investment performance, as well as private equity commitments. All holdings can be consolidated into one concise report.

Marcum Family Office professionals are able to manage a complex pool of investments and personal assets, providing a complete and detailed picture of the all the family’s holdings that is updated regularly. Marcum is able to provide consolidated reporting that simplifies complex family entity structures.