As a family-owned and operated firm, we have a first-hand perspective on the intricacies involved in the transition of wealth and business from one generation to the next.
We use our expertise to address the needs of our clients by translating complexity into value, with the preservation of wealth of paramount importance. The close proximity of our tax and accounting firm and investment management firm provides a seamless solution to our clients’ financial needs.
Creating a plan
Managing administration and reporting
Managing communications
We start with a needs assessment in the discovery phase to ensure we understand each family’s situation and objectives. By conducting in-depth interviews, analyzing financial structures and identifying long-term goals, we ensure alignment with priorities.
Our planning process includes annual and quarterly tasks that lay the foundation for a successful strategic path.
Annual
- Net worth report
- Insurance planning
- Philanthropic planning
- Major project planning
- Business succession planning
- Estate distribution report
Quarterly
- Investment performance review
- Financial planning review
- Review income tax planning
- Summary of client’s current tax situation
- Major project updates
We manage administrative tasks for our business families by developing a monthly checklist.
A monthly task list may include:
- Upcoming recurring and non-recurring expenses
- Cash management
- Tax filing deadlines monitoring
- Coordinating contributions to RRSP, TFSA, RESP, RDSP, FHSA
- Personal tax instalments
- Corporate tax instalments
- Overseeing insurance renewals and payments
- Social and club membership renewals
- Travel documents and personal identification renewals
- Report on credit monitoring
- Credit card and banking renewals
- Ongoing charitable gifts
- Other tasks, as identified
We assign a lead relationship manager to each client. Charged with delivering excellent client service, these individuals are responsible for coordinating all of our services on behalf of each family. We can facilitate communications between family members, helping establish a collaborative approach to inheritance and estate planning. We can also manage communications with third-party advisors to ensure consistency, efficiency and accuracy.
“Relationship management is at the heart of Burkett Family Office Services. Our clients can rely on us for continuous engagement, ongoing communication and regular updates, knowing that we have a clear understanding of their priorities and individual circumstances.”
- Chuck Burkett, FCPA FCA CFP TEP