Family Office Services
Womack Business Management provides dedicated family office services for ultra-high-net-worth individuals and their families. By serving as personal Chief Financial Officer and advisor, we free our clients to focus on family, lifestyle and careers.
Risk Management
FAMILY OFFICE SERVICES
BUSINESS CONSULTING & COORDINATION
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Strategic business planning
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Business Formation and Entity Selection
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Loan-out corporation set up and administration
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Business banking, debt and lending analysis
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Corporate compliance and administration
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Business operations and work flow consulting
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Risk management and insurance oversight
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Business succession planning
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Employee and executive benefits consulting/tracking
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Employer retirement/benefits plan consulting and implementation
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Staff selection assistance
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Banking and credit relationship management
ACCOUNTING & BOOKKEEPING SERVICES
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Statement preparation: profit & loss, balance sheet, cash flow, general ledger
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Cash Flow Analysis and Budget Projections
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Accounts receivable/accounts payable tracking
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Bank and credit card statement reconciliation
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Payroll administration and payroll tax payment processing
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Residual and royalty tracking
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Asset and Intellectual property tracking
LIFESTYLE SERVICES
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Assistance with major purchases and financing (real estate, capital equipment, autos, aircraft, yachts, office leases, etc.)
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Residential property management, construction coordination, and staffing
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Estate, yacht and aircraft management and staffing coordination
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Placement and coordination with outside private travel and concierge services
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Personal risk management and insurance oversight
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Client employee staffing assistance, research, interview, screening, background checks and payroll
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Critical/permanent document storage (ID's, trust documents, insurance policies, birth certificates, etc.)
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Privacy management coordination, personal security management and consulting, private investigation (with outside providers)
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ESTATE PLANNING
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Family legacy planning
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Philanthropy and foundation consulting/management
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Critical documents tracking, record keeping and archiving
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Asset protection
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Gifting strategies
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Coordination with trust and estate attorneys
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WEALTH PLANNING & INVESTMENT MANAGEMENT
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Assistance in defining goals, concerns and priorities; financial plan design
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Asset, debt cash flow, net worth, projected earnings and expenses
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Risk management including a review of ownership structures (trusts, LLC’s, LLP’s, family limited partnerships, corporations, etc.), insurance analysis (health, long-term care, life)
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Retirement income planning
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Education expense and investment planning
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Analysis of employee benefits provided by client's employer
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Design of employer benefits program for client business owners
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*Wealth management services available through separate engagement with Womack Wealth Management, an SEC Registered Investment Advisor
PERSONAL & CORPORATE TAX PLANNING
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Tax preparation planning
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Tax payment/schedule compliance
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Coordination with outside CPAs and tax attorneys
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Coordination with foreign tax professionals on tax returns, filings and planning
MAIL & BILLPAY SERVICES
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Home address confidentiality; centralized mailing address for listings, delivery and billing
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Mail reception, processing, storage and forwarding
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Online access to digital copies of mail
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Bill preparation services and forwarding of checks for client signatures
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Bill paying services, POA/signatory services
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Online access to bill images for client approval
