Dunn, Pariser & Peyrot assists individuals and their families to both protect the legacy and assets of the family in a risk-adjusted, tax aware, and strategically architected environment. Setting up a virtual family office and managing substantial wealth can be a minefield.  It is important to ensure that the assets and the investment decisions associated with the assets are aligned with the best interests of the family. Also, it is crucial that the family as a whole has the same collective goals. There are both opportunities as well as serious issues (consisting of both financial and non-financial topics) that must be addressed, remedied, and mediated. DPP can assist this endeavor and provide cutting edge strategies and oversight of the entire family structure.

Over the years, DPP has created strategy, solution, and continuity surrounding the management of substantial wealth. Through this experience, we gained valuable insight into building and maintaining family wealth by providing advice and expertise to our respective families, and always acting in their best interests.

DPP prides itself on both our experience and our independence. Selecting the asset managers and investment advisors who will manage the investment portfolio is only one-half of the battle. It is critical to coordinate tax, estate, and asset protection planning to ensure creation of the type of legacy and wealth building operations that are sustainable over time for multiple generations.

It is imperative that you have an honorable team that always has doing “what is right” ingrained in their DNA. DPP was founded based on this simple principle, given the significant amounts of wealth and the inherent conflicts of interest that could exist.

Below is a partial list of important issues that should be addressed:

Office Structure

  • Philanthropy Objectives
  • Reporting and Responsibilities
  • Tax Considerations
  • Entity ownership (S Corp, C Corp, LLC, Foreign PHC, etc.)
  • Office overhead allocation to various entities, family members
  • Office staffing
  • Fees
  • Bonuses
  • Discretionary vs. Formula
  • Deal Participation

Accounting

  • Portfolio Accounting/Reports
  • Investment Performance Reporting
  • General Ledger
  • Bill Payment
  • Accounts Payable
  • Internal Controls
  • Wire transfers (confirmation, controls, etc.)

Insurance Issues

  • E&O Insurance
  • Personal & Casualty Insurance
  • Life Insurance
  • Captive Insurance Companies
  • Private Placement Variable Life

Investment Decisions

  • Onshore vs. Offshore Investment Issues
  • Creation of Investment Policy Statement for each client (family member)
  • Asset Allocation
  • Multi-asset, multi-manager selection, and ongoing monitoring
  • Investment Manager Selection
  • Hedge fund analysis and due diligence
  • Private equity investments – direct investments / fund investments
  • Creating appropriate benchmarks

Administrative Issues

  • Bank Custodial Relationship
  • Multiple Brokers

Asset Protection Strategies

  • Foreign Trust
  • Life Insurance Trusts
  • Retirement Plans

If you have any questions or need additional information, please feel free to contact principals Pat Dunn, Mark Pariser,  Tony Peyrot , Reuben Keys or Eleanor Burke .