Family Office

Often family office services sound like they are for the ultra-rich, multi-generation wealth, but in the current economy family office services can be tailored to a client’s needs and wants. At KROST, our family office services are not a one size fits all. Instead, we tailor our approach to fit your needs, which can evolve over time. Our professional team will discuss with you the type of services you want and customize our approach. We offer our services a la carte and work with you to determine the best fit for you.

Bill Pay Services:

We are all busy professionals whose time is already stretched thin. Our bill pay services can take one item off your plate. At KROST, we use a paperless bill payment system that you can access on your computer, iPad or mobile device. We monitor the monthly bills, maintain electronic copies and will reconcile your checkbook on a monthly or weekly basis. We can also provide financial statements for you to monitor your cash flow.

Cash Flow Management:

Cash flow management is the development of a cash projection for a short-term or long-term basis. We can assist with a cash flow management to monitor the in-flows to help develop cash collection techniques. We will also work with you to budget the cash outflows to allow you to determine the best strategy to meet your financial needs.

What is the value of a Family Office?

KROST can be the central point of contact for your financial needs. We can be the central location for all bills and invoices for daily household expenses. We use an electronic bill payment system which allows you to pay electronically from any device. We can also be the central point of contact for project management and monitor your cash flow.

Why Choose KROST?

At KROST, our family office services are not a one size fits all. Instead, we tailor our approach to fit your needs, which can evolve over time. Our professional team will discuss with you the type of services you want and customize our approach.

Although you will have one main point on contact, you will have access to the KROST team, who are experienced in accounting, assurance and advisory, tax, mergers and acquisitions and wealth management.

In addition to taking care of your family office needs we are a full service Certified Public Accounting firm and our services include: accounting, assurance and advisory, tax, mergers and acquisitions, wealth management, as well as specialty tax services.

Services:

• Bill Payment
• Budgeting
• Cash Flow Analysis
• Estates and Trust
• Expense Management
• Financial Statements
• Philanthropic Management Services
• Project Management
• Real Estate Management
• Tax Advisory Services
• Transaction Advisory
• Wealth Management

Download a Copy of Our Family Office Handout

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