Single Family Office Evaluation THIS NEEDS A LOT OF WORK, LETS CREATE A PAGE BUT NOT READY TO PUBLISH
SFO offers
Review , Recommend and help finalize
Workflows
Polices and procedures
Best practices
Technology evaluation and recommendations including
Accounting software
Document management system
Password management
CRM (if applicable)
Reporting software
Securing client information and data
Staffing
Compensation and Benefits analysis
Analyze staff performance, establish review guidelines and define roles
Retention policies and career paths
Review HR policies
Security
NDA policy for employees/vendors and consultants
Shredding services
Employee access from out of office
Back up documentation
Investment Procedures-
Due diligence process; DDQ
Return analysis; benchmarking
Tax analysis
Allocation decisions
Servicing the Family
Communications
Frequency of meetings
Review of Investment Policy Statement
Financial education for next generation
Review and document current/ up to date important documents for the family
Wills and Side Letters
Health Care proxies, Power of Attorney