We ensure that advice is implemented correctly and that assets are managed in line with our advice.
Family offices, both single and multi-family, can handle a broad range of investments. We work with family offices providing them with finance department support with particular focus on managing the risks of owning and operating niche assets such as aviation, yachts, art and property.
Family offices do not always have the resources in house to do accounting for niche assets (yachts, arts and aviation). Even when advice is taken it often isn’t followed. We ensure that advice is implemented correctly and that assets are managed in line with our advice.
This allows the family office to concentrate on the family’s core business and investments.
We are the Xero Cloud Accounting
specialists in the maritime industry.
We can help you alleviate your bookkeeping burdens cost-effectively. We can help you get real-time data so that you always know what you’ve spent and what expenses are coming up. We can help you use your figures to make improvements and plan for the future.
Removing a yacht manager and expecting a captain to provide the level of service you want (while also doing all the accounts) won’t work. What will work, however, is a fully-functioning virtual finance department complete with the services of a virtual CFO. This is what will plug those financial gaps. This is how you can control costs while ensuring that your spending aligns with your ambitions.
Did you know that with the traditional accountancy model you are actually paying for the work to be done twice? With cloud accounting, it starts from getting the books right, the accounts structured right, and once that is done, with the touch of a button you, your VAT agents and your corporate service providers should be able to get the information you need.
We are talking about cloud accounting. With cloud accounting, you can always see up-to-date numbers and be in control. Combine this with an outsourced finance department, and you can also have access to a heavy hitting Finance Director on a part-time basis to provide business planning, calm guidance and oversight.
We have extensive experience of operating virtual finance departments for clients in the maritime industry, so whatever your requirements, we can create a bespoke package that suits your needs and budget.