At NC Planning, we understand that managing family wealth goes beyond numbers; it’s about preserving a legacy, fostering family unity, and ensuring financial stability for generations to come. For high-net-worth families and business owners navigating the complexities of wealth management, our Family Office Services offer a holistic and personalized approach that addresses all aspects of your family’s financial, legal, and operational needs.
Bringing the Comprehensive Family Office Experience to You
Traditionally, family office services have been reserved for ultra-high-net-worth individuals. At NC Planning, we bring these comprehensive services to high-net-worth families and first-generation wealth creators through a relationship-based advisory platform. Our team recognizes the unique challenges of building, protecting, and stewarding the wealth you’ve worked so hard to create. With our guidance, you can navigate uncharted territories, address new challenges, and enjoy peace of mind, knowing that your legacy is in good hands.
Take the next step toward securing your family’s future. Complete the Self-Assessment below to discover how NC Planning’s Family Office Services can be tailored to your unique needs.
What Are Family Office Services?
Family Office Services involve a comprehensive suite of services to manage a family’s wealth’s diverse financial, legal, and operational aspects. Unlike traditional financial advisory services, a family office takes a more integrated approach, focusing on every facet of your financial life to ensure that all elements work harmoniously. This integration includes:
- Wealth Management: Tailored investment management and comprehensive financial plans designed to grow and protect family wealth while aligning with long-term goals.
- Family Governance and Legacy Planning: Establishing governance structures to guide family decision-making and creating educational programs to prepare future generations for wealth management responsibilities.
- Legal and Compliance Oversight: Offering comprehensive legal advice and ensuring all activities comply with current laws and regulations.
- Financial Administration: Providing accurate record-keeping, payroll services, and coordination of all financial activities to ensure transparency and efficiency.
- Risk Management: Reviewing and optimizing insurance coverage, managing claims, and providing access to lending solutions to protect family assets.
This comprehensive approach ensures that high-net-worth families can focus on what truly matters—preserving their wealth and legacy for future generations.
Overview
Self-Assessment
Strategic Evaluation & Advisory Consultation
Kick-Off Call
Advisory Meeting
Detailed Action Items
Accountability Check-In
Report & Implement
The Value of Family Office Services
The value of NC Planning’s Family Office Services lies in our ability to provide a holistic, proactive, and integrated approach to managing wealth. Here’s what sets us apart:
- Fractional Advisory Platform: Unlike traditional family offices that require significant upfront capital to establish and maintain, NC Planning offers a fractional approach. This means you get access to a full suite of family office services without the overhead of hiring a complete in-house team.
- Proactive and Continuous Planning: Wealth management is not a one-time event; it’s an ongoing process that evolves with your family’s needs and goals. We emphasize continuous planning, regular reviews, and communication cadence to ensure your strategies remain relevant and practical.
- Accountability and Advisor Coordination: We provide a structured approach to managing your advisory team, ensuring accountability through regular meetings, progress reports, and performance reviews. This integrated model ensures that all financial, legal, and operational needs are coordinated efficiently.
- Customized to Your Needs: Every family is different, and so are their needs. We tailor our services to address specific goals, whether preserving wealth, preparing for a business transition, or educating the next generation based upon you specific priorities and needs.
Who Are Family Office Services For?
NC Planning’s Family Office Services are designed for high-net-worth families and first-generation wealth creators navigating the complexities of managing substantial assets.
- Are you a first-generation wealth generator?
- Are you worried about protecting the legacy you have built for the future?
- Are you overwhelmed with the number of decisions weighing on your shoulders?
- Do you want a team that you can lean on now and in the future
- Do you desire more proactive planning with accountability and actionable steps towards your goals?
If you have answered yes to these questions, we encourage you to take the next step to complete our complimentary self-assessment tool.
What Sets NC Planning Apart?
NC Planning takes a proactive approach to family office services, focusing on a client-centric model that transforms strategic planning from mere ideas into actionable steps. We emphasize advisor accountability and offer a responsive, ongoing planning process that tackles immediate needs while integrating them into a comprehensive, long-term strategy. Our service is designed for high-net-worth families and business owners who value organized planning and seek an advisory team always prepared to adapt to changing circumstances.
Our prospective clients often ask themselves:
- How do I gain more control over my financial and professional matters?
- Are we confident in our current family office setup?
- Do we have the right team to manage all aspects of our family’s wealth and operations?
- Are our wealth management strategies genuinely aligned with our long-term goals and family legacy?
- How prepared is the next generation to take on the responsibilities of managing family wealth?
If these questions resonate with you, it’s time to explore how NC Planning can provide the solutions you need.
Answer these questions and more with our complimentary Self-Assessment. Start your journey today.
Comprehensive Family Office Management
Managing a family office involves overseeing a multitude of financial, legal, and operational aspects. At NC Planning, we excel in helping families structure their family offices efficiently and effectively. Our approach includes:
- Office Structure and Coordination: We develop and implement family office structures tailored to your unique needs, coordinating all financial, legal, and operational activities to ensure harmony and effectiveness.
- Wealth Management and Financial Advisory: From tailored investment management to comprehensive financial planning, we provide the strategies to grow and protect your family’s wealth.
- Trustee and Family Advisory Services: Managing trusts, implementing family governance, and creating educational programs are integral to our service, helping prepare the next generation for wealth management responsibilities. We aim to provide a platform where every decision made today is strategically aligned with your family’s future.
Proactive and Holistic Approach
Our service is not just about reactive management; it’s about proactively addressing immediate and horizon issues. At NC Planning, we take a structured approach to family office planning, including:
- Assembling Your Advisory Team: Imagine having a team of professionals always ready to guide you through complex decisions. We help you build this team and quarterback the process, ensuring all aspects of your family office are covered.
- Regular Advisory Meetings: We believe in maintaining a cadence of communication. Our structured meetings allow your advisors to provide timely insights and strategies, ensuring your family office remains agile and responsive.
- Issue Identification and Solution Development: Through executive summary reports—such as FLASH reports for KPIs and SHIELD reports for long-term protection plans—we provide clear, actionable insights to help you make informed decisions.
- Prioritization and Deployment of Solutions: We work with you to identify and prioritize issues, deploying the appropriate service module to address them effectively.
Ensure your family’s future is well-managed. Complete our Self-Assessment to see how our approach can benefit you.
A Tailored Client Journey
Every family is unique, and so is our approach to managing your wealth. Our Family Office Services are designed to provide a seamless and customized experience from start to finish. Here is a step-by-step overview of our process:
Step 1: Intake Call
The process begins with an in-depth intake call. During this session, we take the time to understand your unique needs, goals, and current setup. This conversation allows us to:
- Identify your immediate concerns and long-term goals.
- Evaluate your current team of advisors and identify potential gaps or areas for improvement.
- Present the value of our family office approach and outline the next steps.
Step 2: Self-Assessment
Next, you take our comprehensive Self-Assessment. This tool helps you and our team identify key priorities and areas of focus. We gain valuable insights into your needs via answers to questions such as “How confident are you in your current risk management strategies?” and “Do you have a comprehensive plan for family governance?”.
Step 3: Strategic Assessment Consultation
Following the Self-Assessment, we conduct a Strategic Assessment Consultation to analyze the results and outline a tailored strategy. This step involves:
- Reviewing your Self-Assessment responses to identify key areas of concern.
- Discussing potential planning modules and solutions that align with your goals.
- Providing a roadmap for the next steps in the process.
Step 4: Choose Your Path
Based on the Strategic Assessment, clients can choose from three service options:
- Pure Customized Planning: For those who prefer a highly tailored approach, we offer bespoke planning services that focus on specific needs like asset protection or business succession.
- Pre-Built Planning Modules: These modules are designed for first-generation wealth creators and newer entrepreneurs, providing a guided path through pre-defined planning steps.
- Specific Planning Modules: For clients who need targeted solutions, such as family governance or investment management, we provide focused modules that address specific needs.
Step 5: Quote and Engagement
After determining the most suitable path, we provide a customized quote based on your needs and finalize the engagement with a comprehensive agreement.
Step 6: Discovery Kickoff Call
The Discovery Kickoff Call is a deeper dive into your specific needs. During this call, we:
- Set clear goals and priorities.
- Determine which advisors are needed and establish their roles.
- Discuss the structure of future meetings and establish a communication cadence.
Step 7: Advisor Meetings and Ongoing Management
We coordinate and host regular advisor meetings to ensure continuous collaboration and alignment. Our approach includes:
- Setting a standard agenda for each meeting.
- Reviewing priorities, discussing new issues, and assigning tasks.
- Evaluating advisor performance and making adjustments as needed.
Step 8: Quarterly Reviews
Quarterly reviews are an integral part of our process, ensuring that strategies remain effective and aligned with your goals. These sessions involve:
- Reassessing priorities and setting new goals.
- Reviewing advisor performance and accountability.
- Demonstrating the value of services provided in terms of savings, earnings, or protection.
Start with our Self-Assessment to uncover the potential of NC Planning’s Family Office Services for your family.
Why Choose NC Planning?
Choosing NC Planning means selecting a partner who understands the intricacies of family dynamics, wealth management, and legacy preservation. We are committed to empowering high-net-worth families and business owners with the tools and strategies they need to succeed.
Our services are designed to provide clarity and confidence in your wealth management journey, offering solutions that are both comprehensive and adaptable. From coordinating family office activities to providing tailored investment and financial planning advice, our approach is built around your family’s unique goals and values.
Your family’s legacy deserves the best. Complete our Self-Assessment to learn more about how NC Planning can help you achieve your goals.