The CFO Advantage
Posted on February 6, 2019
You Have One for Your Business.
What About Your Family?
The foundation of Tampa Bay is the small to mid-size business owner. This extraordinary community in which we live was built by individual families, one business at a time. With that vision and commitment came the next generation to continue the growth, while implementing their own strategies and resources to advance their companies’ missions.
This is what The Tampa Bay Trust Company’s Family Office Services is all about. Families with closely held businesses are well-suited for the services and resources of the Family Office due to their make-up.
Along with a successful business comes all the complexities, including ownership succession, family capital allocation, estate planning and more. Above all, it is vital to review the array of assets the family owns to assure they all work together. Then, clearly define the goals of each family member involved to effectively allocate and invest the assets, resulting in a cohesive plan and peace of mind.
Serving as an outsourced Chief Financial Officer, The Trust Company’s Family Office Services quarterbacks your team of trusted professionals, internal and external, to ensure all of us are sharing information and working toward the same goals on your behalf.
We are comprised of highly trained professionals, including CPA’s and estate attorneys who work directly with each client’s portfolio manager. We compile detailed personal balance sheets on all family members to better understand your financial universe. Along with marketable securities, we analyze all financial holdings such as real estate, life insurance and business entity structures to ensure they are consistent with your family objectives.
Next, we review your current estate plan and recommend specific planning techniques tailored to your situation. Working with your tax and legal advisors, we take advantage of income tax saving strategies, as well as new legislation to keep your estate planning documents up to date. Serving as trustee, co-trustee, personal representative or investment agent, we can also help to safeguard wealth planned for the next generation.
Included within your family’s holistic plan, The Trust Company assists with –
• Important Life Changes
• Handling of Special Assets
• Arranging for Special Needs
• Strategic Philanthropy
• Family Education and Governance
Securing a family CFO who understands your goals first, and then puts a solid plan in place to meet them is the key to ensuring your investments are on the right track. At $2 Billion in assets under management, we’ve welcomed many families into The Tampa Bay Trust Company. We invite you to visit with us to discover the difference.
813.915.6202 | www.tampabaytrustcompany.com
4488 Boy Scout Blvd., Suite 425 | Tampa, FL 33607
LEGAL, INVESTMENT AND TAX NOTICE: This information is not intended to be and should not be treated as legal advice, investment advice or tax advice. Readers, including professionals, should under no circumstances rely upon this information as a substitute for their own research or for obtaining specific legal or tax advice from their own counsel. Not FDIC Insured | No Guarantee | May Lose Value