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Family Office Services

RMB provides comprehensive solutions for multi-generational families. We work with existing family offices; we also serve families who prefer to outsource management. Our dedicated Family Office Team is comprised of senior-level advisors who help our clients reach their goals around preserving, growing, and transferring wealth.

 

“What makes us different is our customized approach that we take to help plan clients’ futures with the support of a specialized and experienced Family Office team.”

-Richard M. Burridge, Founding Partner, CEO, and Co-Chief Investment Officer

 

What Makes RMB Different

Customized approach

We aim to be a trusted advisor dedicated to tailoring our holistic family office services to create a plan that preserves, grows, and transitions your wealth.

Majority employee-owned firm

As a partnership entity, our capital is invested alongside our clients. This structure creates optimal alignment and risk management on behalf of our clients.

Senior-level team of advisors

The Family Office team brings decades of experience across our core pillars of wealth planning, investment advisory, accounting and reporting, and administrative services. We maintain a low client-to-advisor ratio to provide high-touch customized services to each of our client families.

Flexible pricing

Our pricing is strategic in nature by creating alignment between clients and the Family Office team. Our goal is to work with our clients to produce a pricing agreement that is transparent, competitive, and fair.

Investment horsepower

As an independent firm, we have the investment advisory capabilities of a larger firm while maintaining the flexibility and niche investment capabilities of a small institution.

 

Our Services

Wealth Planning

Goal-Based Modeling

We look at your entire financial picture, short- and long-term goals, and needs to run scenarios to help inform important decisions around investment allocations, retirement, estate planning, and gifting strategies.

Family Legacy & Governance 

We help clients develop a multi-generational framework including articulating a family mission, establishing structures to support family legacy goals including family partnerships, trusts, and foundations, and assisting with business succession planning. We conduct family meetings to increase transparency, harmony, and stewardship.

Financial Education

RMB Family Office team members conduct individualized financial education sessions to help even our youngest clients become good stewards of their wealth. Subjects may include understanding your credit, budgeting, investing, estate planning, and insurance.

Estate & Tax Planning

We collaborate with clients and trusted advisors to implement tax and estate planning strategies aligned with your goals. We explore advanced tax and wealth transfer strategies to minimize income, estate, gift, and generation-skipping transfer taxes.

Insurance Advisory

We coordinate with experienced family insurance advisors to help families understand and protect against their unique, complex, and evolving risks.

Philanthropic Advisory

We assist with all aspects of clients’ giving from defining goals and advising on entity selection, governance and succession planning, mission development, and grantmaking best practices. 

Investment Advisory

Investment Policy Development

We collaborate with you to produce a customized global investment policy that guides how we invest on behalf of you and your family. The investment policy may be developed broadly or specific to individual family members or entities within the family.

Asset Allocation

We partner with you to develop, implement, and monitor comprehensive portfolios that meet your specific goals, time horizons, liquidity needs, and preferences. We will partner with outside investment advisors to ensure that their asset allocations are complementary to the overall investment framework. 

Manager Selection

We provide clients with a flexible open architecture platform. Our approach enables us to construct portfolios utilizing a broad spectrum of asset classes and management styles including active and passive strategies as well as proprietary and 3rd party solutions.

In-house Research

Our team has direct access to our colleagues in RMB Asset Management which provides additional depth on equity, fixed income, and private investment research.

Private Investment Opportunities

We provide clients with access to unique private investment opportunities by leveraging RMB’s institutional and private client networks. We have in-house expertise investing in a wide range of private investments including direct private equity, credit, and real estate. 

Due Diligence Services

We can review, evaluate, and provide recommendations on virtually any private investment opportunity.

Accounting & Reporting

Entity Accounting

We serve a variety of different clients including individuals, partnerships, operating companies, and investment vehicles. We customize our services to meet specific needs including records administration and management, bookkeeping, and partnership accounting and reporting.

Cash Management | Budgeting

We assist in a variety of cash management and budgeting processes. These include a compilation of net worth statements and personal balance sheets, cash flow statements, budget vs. actual reviews, and specific expense tracking.

Bill Pay

We work directly with our clients’ banking and investment partners to provide payment services and financial coordination.

Performance Reporting

We create client-specific investment performance reports which are tailored to your portfolio, including all public and private investments. Our reporting system serves as a repository and record of all investment activities.

Consolidated Reporting

Our investment performance reporting software, Addepar, creates fully customizable reports that aggregate client data across different custodians, investment managers, and banks. This robust reporting allows for standalone reports by individual, separate legal entity, or generational level to help families make informed investment, tax, and estate planning decisions.

Private Investment Reporting

Our team creates processes to ensure that all private investment activity is captured in Addepar including commitments, valuations, capital calls, and distributions. Where appropriate, we calculate performance on these investments including IRR or MOIC.

 

Administrative Services

Money Movement

We coordinate money transfers on behalf of clients including wire transfers and private investment capital calls and distributions.  

Private Investment Paperwork

We prepare and submit private investment subscription documents and help coordinate the K-1 reporting process with your tax advisor.

Estate Settlement

Our services are designed to help the family organize, simplify, and execute required estate matters. We work closely with the client’s trusted family attorney and accountant to handle the multitude of items involved with sizable estates including assisting with the filing of the necessary court documents and estate tax returns.

Tax Compliance & Administration

The Family Office Team offers clients a range of tax compliance and administrative services including filing tax returns, government correspondence, audit support, estate administration, and facilitating required tax payments.

Foundation Administration

The team can provide foundation services including facilitating annual meetings, grantmaking services, and preparing tax returns and state filings. 

Trust Administration

RMB Private Trust, offered through National Advisors Trust Company, provides solutions for clients whose family legacy needs derive benefits from private trustee services. We deliver directed trustee services that give families greater flexibility over advisor choice.