"Cymric Family Office Services
is a full service family
office for each family it serves."
 

Family Office Services

Functions of a Family Office
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Additional Services Provided By Cymric Family Office Services:

  • Manage the acquisitions of existing and/or new businesses; handling due diligence process.
  • Advising senior executives and/or Board of Directors on business management issues, including:
    • Financial: accounting, taxation, cost controls
      Insurance
    • General management decisions
  • Managing the purchase and/or sale of homes and real estate.
  • Managing lawsuits and attorneys; serving as a witness as necessary.
  • Mentoring and guiding younger generation on: pre-nuptial agreements; business
    opportunities; philanthropic involvements; fiscal management and responsibility.
  • Mediating family member conflicts and differences.

Two  families shared ownership of an operating oil and gas company. After liquidating the company, one family wanted to set up its own family  office without offending the other family. A year later, after many joint family meetings, Cymric separated the financial and operating  common assets and established the new office for one family. Throughout the transition, the families maintained their good relationship and friendship.

A  West Coast family that owned a Southeast business questioned the management's integrity. The family asked Cymric's president to investigate their  business operations and recommend corrective action if needed. A close  examination of the company's books and records, coupled with current and past employee and vendor interviews, confirmed the family's suspicions. With this knowledge, the family was able to effect management changes  to resolve the problem privately.

Cymric 360 Comparison of Services
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