Every family office should have an effective mechanism for capturing and reporting family wealth, bringing together and aggregating financial data from all investments, assets and obligations. This enables your Family to monitor its overall position, preserve wealth and proactively manage risk.

As one of New Zealand’s most trusted accounting and advisory networks, we have worked with many clients for multiple generations. We understand the importance of preserving and building family wealth over the long term and tailor our services to your specific needs.

Our Family Office services

Consolidated family wealth reporting

We can implement an integrated reporting platform that enables creation of a Consolidated Family Report, capturing and presenting financial information across all entities within your Family Group.

The report can be tailored to your Family’s needs but would typically include:

• Calculation of total family wealth
• Liquidity analysis
• Exposure to asset classes
• Geographic market exposures
• Currency exposures

 This provides a clear, consolidated view of your Family’s overall financial position.

Attendance at regular Family Office meetings

We can attend regular family office meetings to:

• Present consolidated wealth information
• Report on financial performance and position
• Identify and manage risk
• Support strategic decision-making

 Our role is to provide clarity and discipline to discussions around family wealth.

Cash flow / budgeting

Cash flow reporting allows proactive assessment of investment opportunities and management of ongoing obligations. The clear visibility of liquidity will also help ensure informed and timely decision-making

Intermediary liaison

Given the unique structure of family offices, services provided by one advisor often impact another. 

It’s crucial to have an advisor with oversight of all family office activities and the ability to provide interconnected services.

The Baker Tilly Staples Rodway family office approach brings together internal specialists who work together under one primary point of contact. Where services are required outside of our expertise, we assist in outsourcing and oversee outcomes, maintaining a centralised coordination structure.

Accounting, bill payment, record-keeping and administration

We can provide comprehensive financial administration support, including:

• Financial ledger management
• Banking support
• Bill payments / accounts payable management
• Preparation and filing of GST returns and other indirect taxes
• Liaising with other domestic and international advisors
• Quarterly reporting
• Registered office support and company secretarial services
• Payroll services

Statutory financial statements

Preparation of all required statutory financial statements, including:

• Special purpose financial statements for tax requirements.
• Financial statements prepared in accordance with Generally Accepted Accounting Principles. This includes financial statements prepared in accordance with Generally Accepted Accounting Practice in New Zealand (NZ GAAP), including New Zealand equivalents to International Financial Reporting Standards (NZ IFRS) where applicable.

Tax compliance and tax advisory

We can provide New Zealand tax compliance and advisory services and can coordinate international tax obligations and advisory services. 

Our objective is to ensure compliance, efficiency and long-term structuring integrity.

Governance support

We can attend governance meetings on behalf of, or alongside, the Family to help protect and preserve family interests. Essentially, we act as your financial steward.

Succession planning

We assist families in ensuring that family wealth is preserved and passed effectively to the next generation in accordance with the Family’s agreed strategy and objectives.

Trusteeship / Directorship

In certain circumstances we can act as independent trustee or director.

Full-service offering

As a full-service network, with a deep understanding of your Family and operations, we can provide additional services as required, including:

• Corporate finance assistance
• Audit (subject to independence requirements)
• HR advisory / compliance

Experience

As advisors to some of New Zealand’s most successful families, we have extensive experience in delivering practical and effective family office services.

While our services are typically suited to families with significant and complex wealth structures, we can tailor an offering to suit your requirements (generally families with assets of approximately $10 million-plus) and work alongside your existing resources as needed.