Jeff Gumeson, Caprock Managing Director and Client Advisor, contributed to the discussion led by reporter Alec Foege in the article “How family offices rein in their multi-entity structures” posted on Crain Currency.
Families with significant wealth often operate through multi-entity structures built over decades, including trusts, investments, LLCs, foundations, and operating companies.
Every structure is unique but often have similar complexities such as fragmented reporting, governance overlap, administrative burden, and the challenge of maintaining continuity as the family grows. That’s why a dedicated team is critical.
As structures expand for tax planning, liability management, philanthropy, and investment flexibility, layers can accumulate faster than the infrastructure needed to manage them. As a multi-family office, Caprock assembles a dedicated team for each family that can span CFO-level leadership, consolidated reporting, investment strategy and ongoing management, and day-to-day operational coordination.
Additionally, families have access to technology and dedicated analysts to organize and streamline reporting, providing timely, accurate visibility into their entities and assets. Through successive education, we engage each generation in the process, enabling them to ask better questions and step into future responsibilities with confidence.
“We know that one day the next generation is going to be taking the reins, or some of them will be,” Jeff Gumeson said. “So what are the programs that you’re putting in place today that are going to help them do that?”
Read the full Crain Currency article here.
