Personal Family Offices & Bill Pay Services for the High Net Worth
Plumb is an outsourced accounting firm, focusing on bill pay and family office accounting services for high-net-worth (HNW), ultra-high-net-worth (UHNW), individuals, and family offices. In this post, we highlight our most popular articles covering how our services bring structure, security, and peace of mind to financially complex households.
#1 Why Use a Personal Family Office and Bill Pay Service Firm?
Are you a good candidate for outsourcing your personal accounting or bill pay needs? If you’re managing complex finances or feeling overwhelmed by the volume of monthly bills, a personal CFO and bill pay service can offer time savings and peace of mind. Plumb outlines the top 5 reasons why high-net-worth individuals and families choose to outsource their personal bill pay and accounting functions.
Read the full article here: Why Use a Personal Bill Pay Service Firm?
#2 Five Signs You Need Back-Office Family Office Accounting
What is a back-office Family Office Accounting? Are you missing due dates with your bills and incurring late payments? Are you having trouble keeping track of your investments that could include entities, personal bill pay firm rental properties, trusts, etc.? Do you have a clear picture of your wealth? Is your financial paperwork organized for tax season? How much time are you devoting to handling household finances, compared to actually enjoying your wealth? Think about your answers, then read about how a back office CFO can help.
Read the full article here: Five Signs You Need a Back-Office Family CFO
#3 Retaining Family Wealth with Smarter Reporting and Cash Flow Management
In order to make better decisions and retain your family wealth, it is important to have accurate, up-to-date financial information. Plumb Family Office Accounting offers outsourced accounting services to wealthy family services the high-net-worth and provides consolidated financial reporting with real-time data for a holistic view of family wealth. Unlike wealth management firms, Plumb Family Office Accounting does not manage money or recommend investment strategies. They work together with their client and their client’s personal financial team in a strategic manner to leverage their total expertise.
Read the full article here: Retaining Family Wealth with Smarter Reporting and Cash Flow Management
#4 Top Signs You Should Hire a Personal Bill Payer
Who is the typical client of Plumb Family Office Accounting? Not all clients are alike, but the one thing they all have in common is: personal financial complexity. They own multiple homes, have household employees on their staff and have investment accounts, entities, trusts and even personal foundations. Most importantly, they are paying up to 100+ bills per month and using a few different credit cards and bank accounts to manage their spending.
Read the full article here: Top Signs You Should Hire a Personal Bill Payer