A MULTI-FAMILY OFFICE
When one of our clients makes a job move, it typically sets in motion a series of complex decisions and actions. We are intimately involved in the execution of the new and departing employment agreements, exercise of stock options, restricted stock, deferred compensation, retirement funds, life insurance and benefit plans along with a variety of perks. In some cases, our clients have moved from private industry to high-profile public positions, requiring a myriad of complex financial disclosure documents. We complete all of the financial disclosure requirements in conjunction with the normal separation of service issues described previously.
We are intimately involved in all phases of estate planning, including the creation and management of various trusts and foundations. The decision making process for estate planning is complex and often emotionally charged. Our deep understanding and long-term relationships with our clients allows us to offer meaningful insight and guidance.
We are often asked to serve as executor and trustee given our familiarity with our clients’ objectives. Ongoing communication with our clients’ estate attorneys is an essential component of our management service.
Whether you are an existing client dealing with the financial complications of a marital dissolution, or someone for whom we have no pre-existing relationship, we are able to add great value throughout this very difficult and emotional period.
We’ve developed an expertise in working through complicated equitable distribution issues during separation proceedings and representing either one or both sides of the marriage.
Having developed relationships with many of the finest matrimonial attorneys in New York, we provide the necessary financial analysis to help the “moneyed” or “non-moneyed” spouse determine their income and liquidity needs, and which marital assets will help achieve these results.
In many cases, the non-moneyed spouse has little or no experience managing wealth, so we are able to help that individual begin their new independent financial life with everything from check writing to estate planning.
As is so often the case when children of high net worth individuals mature, expectations of both generations can be misunderstood, leading to miscommunication and conflict. With such an intimate knowledge of the finances and objectives of our clients, and a strong interest in maintaining family harmony, we are able to broker/mediate many family conflicts.
family resolution/communication breakdown
We’ve developed an expertise in orchestrating and overseeing home building and renovation projects. For existing clients, or one-off referrals from real estate agents or attorneys, we manage the finances of the project and coordinate with the architect, contractor, designer and outside engineers. Should some or the entire project be financed, we work with lending institutions throughout the project to secure a facility and manage its use. All payments are made through our office, all invoices are approved by us, detailed accounting records are maintained and all conflicts and timing issues are managed by our office. As part of our efforts, we meet regularly with all members of the project and do site visits.
home building/renovation financial management
Given our broad experience and strong contacts in the financial/business community, we are often able to move our clients to action. In some cases, clients are busy creating new ventures where the basics of entity formation, accounting systems and banking are needed. In other cases, clients have long-established, successful businesses that need some form of reorganization. We help our clients identify the proper team of bankers, attorneys and investors to execute an effective and successful path to growth.
Braun Business Management provides a comprehensive range of
customized business management and family office services.
We are ready to assist you with everything from personal record
keeping and bill paying to tax planning and long term financial
strategies in a simple and fully integrated manner. The scope of
our client relationships varies based on individual situations.
Here are the primary services we provide:
Development and implementation of financial goals and budgets
Tax structuring, planning and compliance
Cash flow management
Financial reporting and projections
Attend meetings with you and your investment advisors to assure compliance with your asset allocation objectives.
Estate and succession planning (in conjunction with outside estate counsel)
Risk management and insurance planning
Debt management and arrangement of financing
Coordination of charitable activities
Bill paying and domestic payroll services
Financial decision making (including analysis of major acquisitions and dispositions and financial issues arising from significant life events such as employment changes, marital dissolutions, inheritance and home construction/renovation)
Numerous other personalized services