Virtual Family Office
A Virtual Family Office (VFO) is a modern and cost-effective approach to family office services, leveraging technology to provide comprehensive financial planning, tax planning, wealth management, business advisory and risk mitigation solutions to high-net-worth individuals and business owners without the overhead cost of a dedicated family office.
Unlike traditional family offices, a Virtual Family Office provides services to anyone – not just one family, making high-impact wealth building strategies accessible to nearly all individuals or families who have been waiting for a holistic wealth building advisor.
Thoughtful Advisors partners with the Elite Virtual Family Office. It was created in 2014 and is the most established and transparent in the industry.
A New Model
Our mission is to help our best clients maximize their personal and professional potential. You can think of us as your “go-to” planning team to help with anything and everything, rather than going to multiple centers of influence.
We provide:
”Forward-Looking
”Proactive
”Value-Added
You’re not in this alone! We guide through a thoughtful tax and holistic planning journey and provide access to the VFO with direction and guidance from a curated collection of subject matter specialists.
Team Based Model
When Thoughtful Advisors and CPAs come together to form a “Proactive Planning Team,” and supplement their areas of expertise with a robust Virtual Family Office, a significant win/win/win is created.
In short, Thoughtful Advisors, along with their VFO team members, provide services that CPA clients need but are not receiving. Likewise, CPAs can access a platform for solutions that improve their client’s overall well-being that are executed in an efficient and holistic manner.
We offer what clients truly VALUE not just what they EXPECT from us.
Primary Areas of Focus of the Virtual Family Office
Tax Planning
Most CPAs do little more than record history, simply focused on putting the right numbers in the right boxes. There is a big difference between preparing tax returns and doing proactive tax planning. True tax planning requires a team of top-notch professionals that scour the eighty thousand plus pages of the IRS tax code looking for every legal deduction and loophole available to minimize your income taxes, estate taxes, and capital gains taxes.
CFOs, tax directors and business owners come to us for much more than tax compliance. While we excel by ensuring you meet regulatory requirements, both domestic and global, that just scratches the surface of what our tax accounting team does. Whether you’re looking to improve profitability, grow your business or implement a succession plan, we see proactive planning as a key strategic tool — as nothing less than a vital means of moving your company forward.
Remember, we work for you not for the IRS! Clients tax savings commonly far exceed the cost to implement their chosen tax solutions in reduced tax liability through careful planning and legitimate tax strategies.
Wealth Management
Wealth management is a bit science and a bit art. Overall the goal is to grow, protect, utilize, and disseminate wealth. Effective wealth management requires a united team of professionals working together across multiple financial service industries. We incorporate financial advisors, accountants, attorneys, insurance agents, and countless niche experts to provide an all-encompassing approach to wealth management.
Risk Mitigation
When growing personal net worth or building a business, most people are solely focused on the upside potential. However, as your successes increase, it becomes equally important (if not even more important) to mitigate your risks. Whether that involves the use of life insurance, property and casualty insurance, a captive insurance company, or other related tools, the goal remains the same, protect your downside exposure in the most strategic and cost-effective way possible. Risk mitigation experts on our team match clients’ needs with the best available products and strategies in the marketplace.
Legal
We have assembled a team of top attorneys from across the country to help you navigate complicated laws involving business structuring, estate planning, asset protection, and other legal areas. Our team specializes in areas that complement our clients’ present and future business and personal goals. If you already have local counsel that you would like to maintain, our team can work alongside your current professionals. Alternatively, we can provide complete legal solutions for virtually any legal need or concern.
Business Advisory
Countless “professionals” will gladly manage your money after you sell your company, but who is by your side while you are growing it? Who do you call when you are having employee engagement issues? Or when your revenue is slipping and you are not sure what key performance indicators to focus on to get things back on track? Those are just two examples of endless scenarios that small and medium sized business owners regularly face.
Growing a business is not easy, which is why our business owner clients have access to numerous experts on our team that can help them every step along the way.