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:
Risk
-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
Governance
-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
Growth
-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
Transition
-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
Wealth
-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
Philanthropy
-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.
Family Office Insights
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KPMG Private Enterprise
Helping private companies drive growth through each stage of the business life cycle.
Helping private companies drive growth through each stage of the business life cycle.
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Tax insights for family offices, privately held companies, and family businesses
Family Office Webcast Series
A series of KPMG webcasts that examine key tax issues and developments that may affect family offices and private businesses.
A series of KPMG webcasts that examine key tax issues and developments that may affect family offices and private businesses.
Listen here
Opportunity Zones
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.
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.
Learn more
Family Office Insights Articles
Through a series of articles, explore the many facets of tax that can potentially affect the creation and growth of family offices and private businesses.
Through a series of articles, explore the many facets of tax that can potentially affect the creation and growth of family offices and private businesses.
Learn more
Trust Tax Services
Guidance in managing your client's estate and trust taxes.
Guidance in managing your client's estate and trust taxes.
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Carving a New Path
Emerging from a global pandemic, how privately-owned companies can contribute to economic stability and prepare a path for a way forward - a new insight from KPMG International
Emerging from a global pandemic, how privately-owned companies can contribute to economic stability and prepare a path for a way forward - a new insight from KPMG International
Learn more
KPMG Spark
Blending intelligent automation and a personalized “human in the loop” service for your family office's tax accounting needs.
Blending intelligent automation and a personalized “human in the loop” service for your family office's tax accounting needs.
Discover more
Contact us:
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.