A key element of a Family Office for many is the provision of worry-free solutions to provide fullback-office administration and support. This may range from paying the bills and helping find vendors for family services to assisting in the care and management of second and third homes and other related assets. CBFO provides services using our in-house staff or recommend outside resources as well. These services may include:
Consolidated reporting is one of the key benefits of working with CBFO: clients can see their entire financial picture in one place on a regular basis - a convenience that may also lead to greater internal strategic alignment within a family. Our consolidated reports combine information from all advisors and sources, including liquid and illiquid investments, performance and indices for comparison, cash flow, net worth and tax forecasts. However, we will work with clients to produce more customized reporting to fit the needs of specific family issues, such as a cash flow budget report for an important assets or a budget for a younger family member. Information is typically provided on a monthly basis with deeper analyses provided quarterly or semi-annually, depending on client needs.