Managing and growing wealth across generations presents unique challenges, and for many high-net-worth families, preserving a family legacy requires a comprehensive and well-coordinated approach. CBIZ’s Private Client Services has distinguished itself as a leader in this field by offering a holistic, refined strategy that spans multiple generations. This service line is built on years of expertise and an intentional assembly of professionals dedicated to providing tailored and strategic support for families aiming to maintain and expand their wealth over time.
Intentional Assembly of Expertise
CBIZ stands out by meticulously assembling a team of experts who specialize in a broad array of fields such as tax, trusts, estates, charitable planning, and family operations. This team is not a simple rebranding of a tax group but an integrated entity designed from the ground up to handle complex planning challenges seamlessly. Every member brings deep experience and specialized skills that contribute to a unified and holistic approach in managing family wealth. This collaborative environment allows CBIZ to provide comprehensive solutions that address the multifaceted needs of high-net-worth families.
The intentional assembly of expertise ensures that all aspects of wealth management are covered with the highest level of care and precision. By adopting a cross-functional methodology, the team is capable of navigating the intricacies of wealth preservation, from routine financial management to more complex estate and tax planning. This collective expertise is crucial for developing strategies that are both effective and sustainable over time, ensuring that wealth is not only maintained but also grows across generations.
Client-Centric Approach
CBIZ’s Private Client Services were developed to meet genuine market needs, responding to high-net-worth families’ demand for personalized and sophisticated wealth management solutions. This is not a practice that serves only a select set of legacy clients; instead, it’s designed to integrate smoothly with clients’ existing trusted advisors. Whenever necessary, CBIZ introduces specialized resources, ensuring that clients receive the most relevant and strategic support tailored to their unique circumstances and goals.
This client-centric focus allows for a level of personalization and strategic alignment that is rare in the industry. By closely collaborating with existing advisors, CBIZ ensures continuity and coherence in all planning and management efforts. This approach fosters trust and enables the firm to provide the best outcome for each family, addressing their distinct needs and aspirations. The strategic support provided is not only tailored but also dynamic, adapting to the evolving financial landscape and unique situations of each client.
Four Key Pillars of Service
At the core of CBIZ’s offerings are four fundamental service pillars designed to cover all aspects of wealth management. The Family Office pillar simplifies financial oversight and asset management, enabling better control over costs. Services include preparing customized financial statements, managing household payroll services, assisting with related entity administration, reconciling investment portfolios, helping with bank and brokerage transfers, and offering insurance services. These solutions streamline financial operations, making it easier for families to manage and grow their assets.
The second pillar, Personal Income Tax, is vital for managing tax and financial reporting matters. CBIZ’s services range from tax planning and consulting to international tax planning, extensions, quarterly estimates, tax return preparation, and audit representation. By delivering strategic, tax-efficient solutions, this pillar helps clients optimize their financial positions and comply with complex tax regulations. The third pillar, Estate and Trust Planning, focuses on preserving and maximizing legacies while minimizing transfer taxes. Services include tackling complex tax issues, preparing various tax returns, succession planning, estate administration, and mediating family disputes over inheritable assets.
The final pillar, Charitable Planning, supports clients in creating impactful charitable legacies that maximize financial benefits. This includes developing charitable strategies, managing charitable activities, assisting with structured gifts, engaging heirs in philanthropic endeavors, and preparing necessary tax returns. Each pillar is designed to provide robust, comprehensive support to the unique needs of high-net-worth families, ensuring that their wealth is preserved and effectively utilized across generations.
Navigating Evolving Challenges
One of the key strengths of CBIZ’s approach is its recognition of the ever-evolving challenges in wealth management, including the rise of digital assets and corporate governance complexities. These modern challenges require a flexible and forward-thinking strategy, which CBIZ delivers through its multidisciplinary team. The integrated approach ensures that they stay ahead of the curve, continuously adapting their services to meet new demands and mitigate emerging risks. This proactive stance helps clients navigate the modern financial landscape with confidence, ensuring that their wealth remains secure and well-managed.
The dynamic nature of wealth management demands that service providers be continuously vigilant and innovative. CBIZ’s ability to adapt to trends and incorporate cutting-edge solutions into their service offerings is a testament to their commitment to excellence. By staying ahead of the evolving financial environment, CBIZ ensures that their clients are always prepared for future challenges while leveraging opportunities for growth. This mindset of proactive adaptation and constant evolution allows clients to focus on their broader goals with peace of mind, knowing their wealth management needs are expertly handled.
Strategic Solutions for Sustainable Legacy
Managing and growing wealth across generations poses unique challenges, particularly for high-net-worth families looking to preserve their legacy. This requires a well-coordinated, comprehensive approach. CBIZ’s Private Client Services stands out as a leader in this field by providing a holistic, sophisticated strategy that spans multiple generations. With years of expertise, they have intentionally assembled a team of dedicated professionals focused on offering tailored and strategic support for families aiming to maintain and expand their wealth over time. Their approach goes beyond conventional financial planning, integrating elements of estate planning, tax strategy, and long-term investment. This helps ensure that the family’s values and financial goals are carried forward, fostering stability and growth. By leveraging their extensive experience, CBIZ’s Private Client Services helps to navigate the complexities of wealth management, providing clients with peace of mind and a sustainable path for future generations.
