Family Office

Family office services often 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 & Budget

Cash flow management is the development of a cash projection for a short-term or long-term basis. We can assist with 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.

Record-Keeping of all Financial Asset

Complete and accurate financial record keeping of all financial assets is important to your business. At KROST, we keep track of the purchase, sale, and depreciation of investment and personal assets. In addition, we coordinate with your other professionals and provide the information/records as needed.

Tax Planning & Consulting

We pride ourselves on finding creative and unique tax planning opportunities that result in minimized tax obligations. Our active interest in ongoing operational and industry issues enables us to tailor tax strategies to each client’s specific situation.

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Family Office informative handout