Phoenix American Financial Services Showcases its Services for Family Offices Exhibiting at Real Estate Family Office and Private Wealth Forum

SAN RAFAEL, Calif., Oct. 11, 2016 /PRNewswire/ -- Phoenix American Financial Services (PAFS) exhibited its services for family offices September 12 and 13 at the Palmer House in Chicago, IL at the Information Management Network's 'Real Estate Family Office and Private Wealth Forum.' The company's services address the specific needs and concerns of family offices with regard to their formation, structures, deal flow, diversification, tax strategies, niche investments, fundraising, decision making and evaluation of investment opportunities.

Panel participants echoed the importance of structure in the formation and operation of family offices. Because high net worth families at the heart of family offices can be subject to disagreement and potential internal conflict and because family dynamics and relationships change over time, the critical nature of an established, stable structure undergirding all aspects of the family office was emphasized.

"A family office's need for infrastructure makes them a natural client for us," says David Fisher, Director of Marketing for Phoenix American. "Many of the tax and investment advantages of a family office are only available because of a system of LLCs, LPs and trusts that make up a family office structure. Since a family office exists for the benefit of an often large and ever increasing number of family members, it functions operationally very much like a fund. Phoenix American works with family offices to streamline the accounting, administration and tax preparation of these entitles in much that same way we do for an alternative investment fund."

Tony Olivo, Director of Business Development for Phoenix American Financial Services was invited to speak in a panel discussion on the tax strategies available to family offices. He stressed that, whatever combination of tax strategies are employed, a family office is best served by tax preparation services conducted as a part of an integrated package of fund accounting fund administration.  "The various assets, entities and beneficiaries involved in a family office can be very complex and a single provider with specialized systems is best suited to assess each unique situation and provide a tailored solution to best meet the estate's needs.

"The family office as an industry has matured in recent years," says Fisher. "A growing number of attorneys, investment fund managers and service providers are developing products, services and strategies to meet their needs. Phoenix American understands that family offices need not just efficiency but the personal touch, an account team that can be trusted and relied upon on a daily basis."

Phoenix American Financial Services provides fund accounting, fund administration, tax services and back office outsourcing to alternative investment funds, family offices and institutions. The PAFS aircraft group provides administration and accounting services for securitized funds and specializes in the commercial aircraft industry. The company is a subsidiary of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing Reporting and Compliance Management solutions for banks, insurance companies, asset management firms and other financial services organizations. Phoenix American Incorporated was founded in 1972 and is headquartered in San Rafael, CA.

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David Fisher

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SOURCE Phoenix American Financial Services