Investment Management Services
Each client relationship is individually managed at The Boston Family Office. The initial step in a relationship is to work one-on-one with clients to understand their long-term goals, income requirements, tolerance for risk, tax constraints, and other relevant factors. Once the plan is implemented, we communicate regularly to make sure that any changes in circumstance are incorporated in the plan. In addition, each account is reviewed semi-annually by our Investment Committee, or more frequently as required, to ensure that the other members of our firm are familiar with all our clients and that we are adhering to the investment guidelines.
The Boston Family Office has relationships with BNY Mellon and Fidelity for the custody of client assets. Both BNY Mellon and Fidelity provide statements and tax reporting as well as online access for our clients to view accounts. BNY Mellon also offers trust accounting.
Trusts and Estates
Our group has a wealth of experience in this area. While The Boston Family Office cannot act as a corporate trustee, all of our principals serve as trustee in situations ranging from multigenerational trusts to generation skipping trusts to charitable trusts, and as executors in certain circumstances. We also have working relationships with many attorneys who specialize in this field and can provide referrals to professionals with the skills and insight to best handle a client's particular situation.
Trusted Advisor Service
You may want periodic or one-time investment advice from The Boston Family Office without engaging us in an ongoing management relationship. In addition, there are a number of situations where a financial intermediary might be helpful. A corporate trustee (a bank trust department or other financial institution) may be more responsive if it is aware that a knowledgeable third party is monitoring its actions. In these and other cases, we can act as the liaison between the beneficiary and the trustee including:
- Where a bank trust department or other financial institution is "locked in" as trustee;
- Where a trustee or beneficiary has limited financial knowledge;
- Where a trustee and/or beneficiary has little input in investment decisions.