Family Office Administration:

“Our clients need to make decisions with full knowledge of how their choices will affect the future of their family and  its foundation. Our role is to develop and present information in a way that brings the impact of their decisions into sharp focus.”

- Julie Sievert,  Relationship Manager

Threshold takes responsibility for the various administrative services that accompany family wealth. These services encompass the daily details of managing accounts, paying bills, completing transactions and compiling household budgets.

Our financial specialists take great pride in working closely with clients or with their personal assistants, office managers or trusted advisors such as accountants and tax professionals.  Threshold maintains records for tax compliance purposes and consolidates information from the client’s custodian, asset management firms and other sources of financial data.

Deliverables
  • Personal account management
  • Family and personal balance sheets
  • Bill paying
  • Budgeting
  • Financial Recordkeeping
  • Information for tax compliance
  • Charitable giving records
Outcomes

The client is freed from the time-consuming burden of complex recordkeeping for tax and planning purposes. Families, individuals and family foundations gain a better understanding of their financial status. They gain peace of mind and confidence in knowing their financial and recordkeeping obligations are being met in full accordance with legal and regulatory requirements. Secure and accurate records allow for informed decision-making, awareness of spending/gifting levels and improved management of wealth.



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