We provide high level management to our client families and their business enterprises. FBO’s primary task is to provide a confidential environment within which we identify, implement, and resolve issues based on the specific needs and goals of each family. And we do it quickly. FBO has expertise at understanding and advising our client families based on repetitive actual experience. We protect our affluent clients from intrusion by unapproved or non-credible interests outside the family circle.
Families of wealth have very unique issues generated by the management of wealth. They often lack consistent family management and accessible business representation and guidance. Typically issues are brought “piece meal” to professional advisors, CPAs, financial consultants, tax advisors, and business consultants who react to an already active issue. These professionals rarely communicate between each other, and the result is a fractionalized approach to solving family financial and business concerns, losing significant time, energy, and expense. We won’t wait for you to bring an issue to our attention. We typically recognize the issue in advance.
FBO provides a cohesive connection, allowing for a proactive rather than reactive approach for our families and their business enterprises. Our clients are on a fixed retainer, which allows access to our services without the concern for extra billing.
Under continuous interaction with the family, FBO acts as the family’s representative and integrates into the center of all family matters and concerns. This creates consistency in decision-making and management. We personally receive and process family directives, needs, and priorities from senior family members. This allows FBO to manage complex family issues before they become problematic, guiding the family to a desired and successful resolution.
FBO will become familiar with all matters involving your family and we evaluate your current team of advisors to ensure they are providing the necessary expertise. We will make recommendations for their handling through our highly credentialed network of professionals and will ensure your family’s objectives and goals are met. Proper delegation and action toward resolution of a matter is FBO’s hallmark and focus.
One of FBO’s greatest assets is the network of specialized professionals who handle specific issues with expert precision. These professionals have been selected over decades to provide the best of service. We ensure all family matters are handled by the most competent and accomplished individuals or firms in their field from attorneys, accountants, investment experts, estate planning firms, human resource specialists, aviation law, family law, employment law, maritime law, and charitable giving specialists. Working together as a team, FBO maintains an ongoing connection between our clients’ issues and our network of highly skilled professionals.
Richard Watts, the founder and President of FBO, is involved in your family’s matters on an ongoing basis. As an FBO client, you will have frequent contact with Mr. Watts, his associates, and administrators. Richard’s families rely on him to oversee family operations and make decisions with them on a continuing basis.
FBO is retained with a predetermined annual fixed fee that is paid monthly. Continuous and frequent contact is essential and encouraged. We interact with our clients regularly. The FBO contract is a continuing agreement which may be concluded by the family or FBO at any time. FBO accepts the challenge of providing continuous value for your family.
We look forward to meeting with you and your family to discuss the benefits and services available, and more importantly, whether FBO is a good fit for your needs.
We welcome your inquiry. Contact us today.
