© 2017 MyOwnCFO Professional Corporation

 

WE OFFER A RANGE OF SERVICES

TO MEET YOUR NEEDS

 

 

 

 

 

 

 

  • ​Family Long Term Cash Flow Forecast

  • Family Long Term Net Worth Forecast

  • Establishing family net worth goals and review them annually

  • Prepare & review:

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  • Aggregate regular family net worth reporting and evaluation of performance for:

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  • All equity holdings across all investment firms and institutions: Including all account types and gain/loss/income reporting

 

  • Direct equity holdings

 

  • Charitable foundations

 

  • Cash balances

 

  • Real Estate: including residential, commercial, land, vehicles, plus other valuable investments and personal property

 

  • All other assets and investments

 

  • All liablilites and commitments: including lines of credit, mortgages, personal guarantees, and other commitments

 
  • Investment corporations, family trusts, and investment partnerships that require:

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  • Accounting and bookkeeping

 

  • Financial reporting

 

  • Tax compliance

 

  • Management and oversight

 

  • Maintenance of minute books

 

  • Other administration and concierge services

 
  • Periodic tax forecasting and instalment determination

 

  • Aggregate, prepare and review all information to enable 3rd party tax advisors to draft and file personal tax and legal entity returns

 

  • Periodic meetings with third party tax advisors to discuss client affairs

 

  • Assist, as necessary, with CRA & IRS inquiries & audits

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  • Periodic compilation and update of the Family Life Information Inventory

 

  • Assisting with the creation and oversight of the family’s risk management plan (liability, reputation, etc.)

 

  • Assisting with estate planning initiatives

 

  • Assisting with due diligence on investment ideas

 

  • Secure electronic storage and backup of all important documents

 

  • Where required:

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  • Establish a family governance structure

  • Educate those that will inherit significant portions of the family’s wealth

 
  • Serve on public, private  and advisory boards

 

  • Act as trustee for client related family trusts

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