In a world with many options for financial advisors, we often find that what they have to offer is much the same. At Cabot Family Office, we are different. You will find that the service and experience we provide is above and beyond most other financial advisory firms. We take part in every aspect of your financial life.
is your family's
We are here to do much more than just manage your financial investments. We also assist with estate planning, and will even come along to meet with your other advisors to help deliver all of the accurate information you need. It’s not just managing assets, it’s a relationship. With us, you have the comfort of knowing that our dedicated team is working full-time on ensuring that you achieve your financial goals and aspirations.
Our initials are CFO and that is exactly what we want to be to your family. Just like in business, the CEO runs the company and dictates the direction of the organization. He uses the CFO to figure out financially how the company will do those things. In the same way, that is what we do for our clients. We determine a financial strategy to achieve their goals with a high degree of personal touch.
What does it look like working with us? Here are some examples of what we do for our clients...
We have numerous long-time clients that we have assisted in selling their businesses that they built over their lifetimes. We assist them with finding professionals to help them with valuation, with finding the proper tax professionals for a smooth transition, and with finding proper legal counsel. And, we help our clients quarterback all of those relationships so that they can have the best outcome possible. Once the business is sold and there is a liquidity event, we then have a very close relationship with that client to advise them on such things as setting up trusts for those assets and planning budgets and distributions from those assets for them to live on for the rest of their lives. This is a very complex time in this type of client's life and our job as there Family Office Advisor is to be with them every step of the way.
For our clients with philanthropic aspirations, we help them maximize the amount of benefit that goes to the charities that are near and dear to them. At the same time, we make sure to maximize the potential tax benefit available to them for making those donations. We guide our clients in implementing a relatively complicated but simple to use strategy that allows them to donate large amounts of their net worth—completely tax-deductible in the year that they donated—to their very own private foundation. We do this often for clients with highly appreciated stock positions that, if sold, would incur a very large taxable event. By putting a strategy in place to donate that money in future years, the donation is 100% deductible in the year it is given and, when they decide to sell the stock, there will be no capital gains tax owed. This leaves more funds to go to work in the charities of their choosing. Eligible charities include universities nationwide and any 501(c)(3) organization. There is a strategy to everything that we do, including giving to our favorite charities, and we love helping our clients to do this.
One of our absolute favorite things is to see one of our clients retire from their career. This is something that we love to celebrate with our clients and their families. As a team, we plan every aspect of our clients' retirement. From helping sign up for Social Security and Medicare, to planning which assets to take monthly distributions from for income, to helping make decisions on budgets and where to live, we are here to help. Our job is to take the guesswork out for our clients so that they can limit the amount of stress that comes from their financial life. Does your financial advisor team make you feel like you are ready to retire? If not, we would love to have a conversation with you about the Cabot Family Office Difference.
When it comes to planning for your estate, it’s something that people typically don’t like to talk about. Because it can be a challenging subject, it often goes unplanned. Our job is to prepare you, your estate, and your children/beneficiaries for the transition of all your hard work in this life. Without proper planning, huge amounts of your hard work can end up unnecessarily going to the government in the form of taxes, or to beneficiaries that you did not select. We often come across complicated situations where families have children who may be spendthrift, which could potentially cause those children harm if they inherited a large amount of money at one time. To solve for this, we help our clients build strategies that are tailor-made to fit their family's needs. We also advise them on how to handle taxes that their estate may be subject to. That may entail building a strategy to avoid unnecessary taxes or simply planning for a way to pay them when they are incurred so that burden does not fall on their children or beneficiaries. If a proper plan is not put in place for the estate, it can lead to an extremely complicated situation and cause discord amongst family and probate. No one should have to deal with that struggle and you don't have to. As a team, we figure out the details specific to you and lay out a clear plan so that, in the future, your loved ones can have peace of mind when it comes to matters of your estate. Here at Cabot Family Office, we help our clients avoid as many pitfalls and challenges as possible that come from complicated estates. If your advisor doesn’t make you feel like your estate is ready and on track, or if you struggle to articulate your wishes for it to your children, then come have a talk with us.