Family Office Services

High net worth (HNW) and ultra-high net worth (UHNW) clientele face significant financial and other personal challenges in responding to
constantly changing political and economic environments and family dynamics. With the exception of a handful of UHNW families that  have
maintained family offices for several generations, the above-discussed challenges were historically managed by retaining sundry
advisors including CPA's, attorneys, wealth advisors, risk managers, appraisers and so forth. The foregoing approach is commonly referred to
as the "collaborative model".

Although the collaborative model portends a lofty ideal, it has become comprehensively obsolete by consistently failing on deliverables. The
problem is that advisors, each with their own often inconsistent goals, risk tolerances and objectives in general have not optimally concertized
in planning, transacting and monitoring their client's affairs so as to achieve optimal results. It is a hard reality that very few families have been
well served by such a loose knit and boot strap collaboration. Success by non-integrated collaboration is more exception than rule, and stories
of losses and/or lost benefits and advantages, some financial and some not, are legion. While there is a push by professional organizations to
educate inter-disciplinary professionals on the art and science of collaboration, collaborative success for most families seems nearer a lofty
goal than reality.

Those with wealth sufficient to justify implementing their own management infrastructure, that is to say after performing cost-benefit analyses,
have concluded that the family office model is far superior to the collaborative approach. While there are disputes among financial and legal
advisers as to the financial demarcation line between high and ultra-high net worth families (we'll leave that to Forbes Magazine's annual lists),
those commonly accepted top be in the UNHW category can justify the costs of implementing their own single family office (SFO) structure and
are usually well served by doing so. As the name implies a single family office employees, often on a full time dedicated basis, legal
professionals, accountants, financial advisors, risk managers and other professionals for each category in which their needs dictate. By stark
contrast, HNW clientele achieve a high degree of satisfaction working with a multi-family office (MFO) structure. Multi-family offices are of a
cooperative model and serve the needs of two or more HNW families by sharing human and financial resources. They achieve economies of
scale and enjoy enhanced bargaining power by combining resources.

MFO varieties are generally two-fold, one category being operated by special departments within private banks, trust companies, registered
investment advisors and other financial service organizations and tend to be more generic in service scope. The other category involves family
offices that have arisen from family offices that began their life as SFO's and saw opportunity to capitalize on cost savings and economies of
scale by on-boarding other families which, after screening, have been found to have similar goals, values and objectives. These organizations
tend to of a cooperative bespoke business model and therefore are seen as being more responsive to the unique needs its family constituents.

Because the field is unregulated and is only recently achieving conceptual notoriety, there is no standardization of what services or credentials
are typical of multiple family offices. For example, some family offices provide comprehensive functionality providing all or the services listed
below.  In such organizations, one will find attorneys, CPA's, Registered Investment Advisers, risk managers, finance and loan professionals,
bookkeepers, etc. Other providers that jump on the bandwagon holding themselves out as family offices include private banks and money
managers whose main functions involves investment and perhaps financing capabilities and limited estate planning, but they omit the remaining
panoply of services needed by wealthy clients.  The bottom line is that selecting a MFO is not a generic or commoditized process, and finding a
provider(s) requires considerable time and diligent inquiry.

KopmanLaw provides consulting services to families wishing to set up their own single family office or needing assistance in locating a family
office which is best-suited to satisfy their needs and requirements. We assist with planning the infrastructure and framework of the office and
designing financial and other systems to make them operate properly. Kopmanlaw also provides on-going consulting services to established
single and multi-family offices. What follows is a non-exhaustive list of functions of family offices:





























































Serving all of Orange County and Areas Adjacent Including: Estate Planning Attorney Newport Beach, Estate  Planning Attorney Aliso Viejo, Estate Planning Attorney
Anaheim, Estate Planning Attorney Atwood, Estate Planning Attorney Brea, Estate Planning Attorney Buena Park, Estate Planning Attorney Capistrano Beach, Estate
Planning Lawyer Corona del Mar, Estate Planning Attorney Costa Mesa, Estate Planning Attorney Cypress, Estate Planning Lawyer Dana Point, Estate Planning
Lawyer Irvine, Foothill Ranch, Fountain Valley, Fullerton, Garden Grove Huntington Beach, Estate Planning Atorney La Habra, La Palma, Ladera Ranch, Laguna
Beach, Laguna Hills, Laguna Niguel, Lake Forest,Mission Viejo, Newport Beach, Newport Coast, Orange, Placentia, Rancho Santa Margarita, San Clemente, San
Juan Capistrano, Santa Ana, Seal Beach, Sunset Beach, Surfside, Tustin, Westminster, Yorba  Linda
Family Office Services
Kopman|Law|Advisors
1278 Glenneyre Street
Suite 304
Laguna Beach, CA 92651
LAW OFFICES OF DANIEL D. KOPMAN  P.C.
List of Consulting And Advisory Services

•        Asset allocation plan development
•        Investment managers selection
•        Investment vehicle structures
•        In-house portfolio management
•        Custodial oversight
•        Core asset class oversight
•        Alternative asset class oversight
•        Special asset class research
•        Allocation and rebalancing oversight

Integrated Financial Strategies

•        Balance sheet analysis
•        Integrated tax and income plan design
•        Retirement planning
•        Analysis of professional advisors and fees
•        Tax and income plan implementation
•        Bank financing analysis and negotiations
•        Coordination of team of advisors

Client Information Management

•        Annual consolidated net worth statements
•        Cash flow analysis
•        Quarterly investment performance reports
•        Quarterly investment partnership accounting
•        Monthly entity accounting and reporting
•        Annual status reports compared to plan
•        Online access to custom reports
•        Recordkeeping for personal property

•          Multi-generational snapshot of existing strategies
•        Legal and tax strategies under consideration
•        Financial modeling of alternative strategies
•        Explanation of plans to owners
•        Action plan to implement changes

Lifestyle Enhancements

•        Personal bill paying
•        Tax compliance
•        Cash flow management and forecasting

Family Continuity/Client Education

•        Family governance
•        Family meeting coordination
•        Family news communication plan

Family Philanthropy

•        Multi-generational objectives
•        Personal giving programs
•        Foundation trustee training
•        Private foundation management
•        Governance and board development
•        Strategy analysis and implementation
•        Foundation and grant administration