Family Office Services

Having had the privilege of working with families of wealth for over 25 years, I have come to understand the exceptionally complex, multigenerational financial challenges they face.  Addressing these challenges demands a multidisciplinary approach that integrates a broad array of wealth management disciplines.  As a Family Wealth Director, my team and I have the experience, specialized training, expertise and resources to develop highly customized and truly comprehensive wealth management solutions based on our clients' needs and aspirations.  These include family governance and dynamics, tax, trust and estate planning, family wealth and business succession planning, corporate transactions and executive services, pre- and post-liquidity planning, investment management consulting, income and asset protection, cash flow and debt management, philanthropic consulting and more.  

Other services provided through our network of 3rd-party providers include:

• Aircraft and Yacht Management and Advisory
• Art Advisory and Appraiser Services
• Personal and Home Security
• Private Healthcare Advisory
• Household and Administrative Staffing
• Real Estate and Relocation Resources
• Property and Casualty Insurance Assessment
• Hobbyist Specialties (Automobile, Coins and Golf)

Our Family Office Services are available to families with a minimum of $25 million in investable assets and $50 million total combined net worth.  Your Family Wealth Director’s Biography Your Advanced Resource Center's Team Biographies
Services Include
  • Wealth Management1
  • Business Succession Planning2
  • Estate Planning Strategies3
  • Philanthropic Services
  • Trust Services4
Securities Agent: TX, NJ, FL, WA, VT, VA, TN, SC, RI, PA, OR, OH, NY, NV, NM, NH, NC, MN, MI, ME, MD, MA, LA, IN, IL, GA, DE, DC, CT, CO, CA, AZ; Managed Futures; General Securities Representative; Investment Advisor Representative
NMLS#: 1274605
Check the background of Our Firm and Investment Professionals on FINRA's BrokerCheck.*

Tax, Trust and Estate Planning for the Sale of your Business

Selling a business is complicated. On the one hand, the owner is trying to realize the greatest potential for the business monetarily as well as strategically both of which will impact the owner and the employees. Not only does the business owner have to learn and evaluate his/her strategic business alternatives but also is tasked with learning and planning for his/her current and /or potential beneficiaries simultaneously. Oftentimes, the immediacy of the strategic deal overwhelms and usurps any thought of personal planning. It is for this latter reason that the sooner a business owner begins learning about financial as well as tax, trust and estate planning strategies the better as it should afford confidence and flexibility.



The coordination and management of the owner's corporate and personal advisors and consultants is critical. To determine the true integrated value of a company to the owner, all of the professionals consulting with the owner must understand how their advice and decisions may impact others' advice and decisions. The owner should have two "teams" of consultants, one for the company and one for him/herself. The company should have an investment banker consulting on the transaction working in concert with corporate counsel and accountant. The owner should have a financial advisor consulting on the planning in light of the transaction in concert with individual trust, tax and estate counsel and accountant. The cooperation between the investment banker and the financial advisor coordinating and managing the respective teams of professional advisors is paramount for the owner to achieve the most advantageous outcome.

In short, the investment banker working with the team of corporate consultants may influence the degree to which money goes to the acquiring and receiving companies as well as to the government via taxes. The financial advisor working with the team of personal consultants may influence the degree to which money goes to the owner's family, charity and the government via taxes.

Strategic Exit Planning

Exiting your business is a highly complex, often emotionally draining, process involving countless details.  We are here to assist you in preparing both you and your company for the transition, and to provide ongoing support following the transition.  We can work with you and your key executives and advisors to help prepare your company for sale, avoid potential pitfalls, analyze your options and connect you with a Morgan Stanley investment banker or external affiliate.  Throughout this process, we will ensure that the resources and intellectual capital of Morgan Stanley are made available to address your needs, personalizing your access with the highest level of service and attention. 

As your Family Wealth Director, we are available to work with you and your other advisors to identify and structure an exit strategy consistent with your business and personal financial goals:

Intra-family sales and transfers
Sales to Financial or Strategic Acquirers
Corporate Recapitalizations
Mergers and Acquisitions
Sales to Private Equity or Venture Capital Groups
Sales to Employee Stock Ownership Plans (ESOP)
Initial Public Offerings (IPO)
Stock Option and Executive Compensation
Concentrated Stock Positions

Alternative Investments

As the world's largest wealth management organization, Morgan Stanley's global network affords us the ability to offer suitable clients a vast alternative investment platform. We leverage our unique position and our affiliates to source innovative strategies from among the best investment minds in the business. We then employ rigorous due diligence to identify, evaluate and select each alternative investment product on our platform to assure that we only introduce our clients to what we believe are the best managers in the industry.

Our alternative investments platform includes a variety of investment options, each supported by a group of professionals who bring with them a combination of expertise and industry knowledge;

Hedge Funds: Relative Value Strategies, Event-Driven Strategies, Market Directional Strategies, Funds of Hedge Funds, Multi-Strategy Funds

Private Equity: Venture Capital, Leveraged Buyouts, Mezzanine Financing, Private Equity Secondary Market

Private Real Estate: Real Estate Investment Trusts and Operating Companies, Debt or Equity, Commercial or Residential, High-Yield Mezzanine Debt or Senior Loans

Miscellaneous: Managed Futures, Public and Private Exchange Funds, Trend Following Strategies, Portable Alpha Strategies, Risk Parity Strategies

Family Governance & Dynamics

For many ultra-high-net-worth families, the most difficult wealth planning challenges they face relate not to their financial capital, but to their human capital. For these clients, the most daunting issues are those that concern the impact that wealth has on their families.. They may worry that their wealth will diminish, not enhance, the quality of their descendants' lives by stifling ambition, initiative and accomplishment.

These families may fear that:

Their family will become overly dependent on inherited wealth.
Their family business will be damaged by family conflict.
The wealth management structures they created will be dismantled by beneficiaries.
Their philanthropic vision or other legacy will not be fulfilled.
Family members will fight over wealth, power or control.
Their wealth will lead descendants to engage in self-destructive behaviors.



Our Family Governance & Wealth Education Group helps ultra high net worth families work to preserve their shared values and create an enduring family legacy, making it more likely that descendants will lead meaningful, fulfilled and engaged lives.

These engagements include:

Creating family governance structures and documents: family mission statement, family constitution and bylaws, family council, etc.
Facilitating effective communication: family meetings and retreats and addressing communication challenges
Consulting on family dynamics and legacy planning: intergenerational wealth transfer, family conflict, integrating shared values into estate planning and wealth management vehicles
Creating wealth preservation strategies: protecting the integrity of family wealth management structures, addressing the challenges of the deeply troubled family, family wealth and business succession plans

Location

250 So. Clinton St
Ste 500
Syracuse, NY 13202
US
Direct:
(315) 448-3319(315) 448-3319
Toll-Free:
(800) 234-8133(800) 234-8133
Fax:
(315) 464-3375(315) 464-3375
From My Desk

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1Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

2Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors or Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for legal matters.

3Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

4Morgan Stanley Smith Barney LLC does not accept appointments nor will it act as a trustee but it will provide access to trust services through an appropriate third-party corporate trustee.
Morgan Stanley Smith Barney LLC (“Morgan Stanley”), its affiliates and Morgan Stanley Financial Advisors and Private Wealth Advisors do not provide tax or legal advice. Clients should consult their tax advisor for matters involving taxation and tax planning and their attorney for matters involving trust and estate planning and other legal matters.

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