Family Offices and Private Client Services

Helping family offices and private clients stay ahead of change.

The evolving role of the family office

As family assets grow, there comes a time when the family asks:

“Are we ready for a family office?”

And for families with an existing family office:

“Are we getting the best advice and can we do better?”


KPMG Advantage

We understand that the complexity of these decisions will ultimately effect generations to come. Our goal is to guide you through the process by providing customized solutions, innovative technologies, and tested methodologies that will help you and your family establish or operate your family office with a focus on growth, efficiency, and stability.

With 80 offices in the United States and a global network in more than 25 countries, KPMG’s Family Offices and Private Client Services group can assist in the development and strategic direction of your family office, locally and globally, to effectively promote growth, efficiency, and stability.

If you choose to create a family office, or are looking to expand the goals of your existing family office, we can assist you in tailoring your family office towards the distinct goals and aspirations of your family, including the following areas:


-Aid in federal, state, and international tax compliance services

-Provide consultation regarding technological advances, fraud, and cybersecurity issues

-Support business intelligence to identify potential investments

-Conduct due diligence on potential investments


-Assist in the development of a clear strategic vision for the family office

-Provide recommendations on guidelines and policies to help decision making

-Evaluate key business performance indicators

-Educate the next generation on ownership rights and responsibilities


-Perform a health checkup of the family office

-Provide recommendations for operations and profits

-Assist in partnerships and joint ventures

-Provide support in business consulting and advisory services


-Provide guidance on best practices for integrating the next generation into the family office’s decision-making process

-Develop succession plans to maintain a smooth transition of ownership

-Structure and planning for the divestiture of assets or family businesses

-Coordinate trustee and beneficiary responsibilities

-Assist in trust and estate planning


-Assist your wealth advisers in aligning the wealth plan to meet the values and vision of the family

-Work with your advisers to assist them in understanding the impact of the family’s goals on the management and diversification considerations of the family’s assets (including real estate, private planes, yachts, art, businesses, and more)

-Aid in providing effective communication with the next generation of family members to understand the core principles and strategy of the wealth plan developed


-Offer insights to assess appropriate charitable structure: direct giving, private foundation, donor advised fund, public charity

-Develop and monitor a risk framework

-Conduct tax compliance training (domestic and international)

-Provide support in administration of private foundations, public charities, and charitable trusts


Family business dynamics

There are many facets of tax that can potentially affect the creation, growth, and prosperity of a family business. KPMG offers sophisticated, coordinated, and proactive services to family owned companies, their owners, senior executives, and families throughout each business life cycle stage. This includes assistance in growing/selling the business, succession planning, asset transfers, wealth preservation, and charitable giving. Learn more.




KPMG Spotlight: Qualified Opportunity Zones


Opportunity knocks under tax reform

An investment in a Qualified Opportunity Fund may enable a family office to defer capital gains from the sale or exchange of virtually any type of property—stock, real estate, even art. Learn more about this new incentive and what it might mean for your family office’s investment:


Family Office Insights

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KPMG Private Enterprise

Helping private companies drive growth through each stage of the business life cycle.


Trust Tax Services

Guidance in managing your client's estate and trust taxes.


Tax insights for family offices, privately held companies, and family businesses

Tax Reform's Impact on Family Offices
This article explains the critical provisions in tax reform affecting Family offices and individuals.
2020 Personal Tax Planning Guide
KPMG’s 2020 personal tax planning guide provides valuable information and planning tips about current tax laws.
Family Office Services
KPMG's Family Office and Private Client Services

Family Office Webcast Series

KPMG webcasts that examine key tax issues and developments that may affect family offices.

Chief Tax Officer Study

Read our private company outlook report to see the key issues CTOs are facing and their expectations on future growth.

Family Office Insights: COVID-19 Tax Relief

Claiming COVID-19-related stock and business losses on your 2019 tax returns

Section 199A

Discover key issues raised by section 199A regulations and what they may mean for businesses.

Family Office Insights - Talent Retention

Benefits and drawbacks of equity and non-equity compensation for family offices

KPMG Spark

Blending intelligent automation and a personalized “human in the loop” service for your family office's tax accounting needs.


Contact us:

Brad Sprong

Brad Sprong

Partner, National Tax Leader, KPMG Private Enterprise, KPMG US

+1 816-802-5270
Bill Jackson

Bill Jackson

Co-leader, Family Offices & Private Client Services, KPMG US

+1 214-840-6040

KPMG's individual tax services may only be provided to owners and senior executives of private business clients of the firm or in connection with global mobility services or bank trust outsourcing services.