Industries

Family offices exist to manage many aspects of family wealth, including investment management, banking, tax and legal, trusts and succession planning, real estate, private collections, philanthropy, lifestyle and concierge services.

The concept dates back to the mid-nineteenth century, when JP Morgan founded the House of Morgan to manage the family assets.

Family offices are today arguably the world’s fastest growing investment vehicles, as families with substantial wealth increasingly see the virtue of a family office. There are at present some 3,000 single family offices worldwide, at least half of which were set up in the twenty first century. Some single-family offices have transitioned to multi-family offices, achieving economies of scale by acting for several families.

There are many reasons why setting up a family office makes sense, but at the root of these is the desire to preserve family wealth for future generations.

We nurture long-term relationships with our clients by offering a combination of service, expertise and global capabilities, which are aligned with their specific needs.

Our family office services include:

Tax Services

• Integrated tax and income planning
• Tax compliance
• Domestic and foreign trusts
• Structuring of family limited partnerships and trusts

Estate Planning

• Estate and gift tax strategies
• Estate and gift tax returns
• Trustee services
• Succession planning

Financial Reporting

• Balance sheet analysis
• Retirement planning
• Analysis of professional advisors and fees
• Bank financing analysis and negotiations
• Coordination of team of advisors
• Annual consolidated net worth statements
• Cash flow analysis and forecasting
• Quarterly investment performance reports
• Quarterly investment partnership accounting
• Monthly entity accounting and reporting
• Annual status reports compared to plan

Investment Management

• Investment policy development
• Asset allocation plan development
• Investment managers selection
• Investment vehicle structures
• In-house portfolio management
• Custodial oversight
• Special asset class research
• Allocation and rebalancing oversight
• Structuring of real estate investments
• Counsel on private equity and venture capital transactions
• Life insurance funding analysis

Philanthropic Endeavors

• Multi-generational objectives
• Personal giving programs
• Foundation trustee advice
• Private foundation management
• Governance and board development
• Mission statement development and implementation
• Foundation and grant administration

Lifestyle and Concierge Services

• Personal bill paying
• Cash flow management and forecasting
• Domestic help and payroll
• Coordination of medical and education services
• Property management
• Recordkeeping for personal property
• Private travel management
• Aircraft / watercraft management
• Personal security
• Collectibles inventory, appraisal and protection

Health care is one of the most vital industries in any country today and also one of the most challenging. Providers face uncertain revenues, increasing costs and changing payment systems. It is, therefore, imperative to have strategic development, operational efficiency and quality assurance.

Moore DM can help develop creative solutions, design and implement strategies to improve quality and assist in developing a blueprint for running your practice more effectively.

Beyond the basics of traditional services, we offer unique health care accounting services, including:

• Reimbursement assistance with Medicare and Medicaid
• Compliance with HIPAA and Gramm-Leach-Bliley
• Third-party payor revenue analysis advisory

With a heavy presence in the manufacturing center of the U.S., Detroit, Moore DM thrives in serving the manufacturing sector.

Manufacturing Sectors Served:

Outside the traditional service offerings, Moore DM provides services unique to manufacturers including:

Effective deal completion is dependent on a firm’s ability to move quickly and collaborate with a team of advisors in your time zone and in your preferred language. The U.S. tax system is complex and can create unique and unforeseen obstacles in any deal. We have seen countless deals over the years and can anticipate many of the problems that private equity investors may encounter, particularly in the context of inbound direct or indirect strategic acquisitions.

In addition to deal advisory, our team also has extensive experience with evaluating, structuring and U.S. tax reporting for non-U.S. based funds investing in the United States. We advise on planning through the use of the so-called “check-the-box regime” and “qualified electing fund regime” to minimize the US tax and reporting exposure for non-U.S. investors while providing U.S. investors with the necessary information to comply with their U.S. tax reporting requirements. Our services allow investment funds to seamlessly attract capital from both U.S. and non-U.S. investors in a no-hassle, tax-efficient and compliant manner.

Moore DM has developed trusted relationships with leading investors, funds and portfolio companies both in the U.S. and internationally. Our experience has given us valuable insight and allows us to recommend innovative U.S. tax solutions to private equity investors as well as fund investees.

Moore DM’s international, multilingual team is well placed to assist you throughout the private equity deal life cycle. We are well versed in many industry sectors and local markets, being physically located across the U.S., U.K. and Europe.

The U.S. tax services we can provide you include:

• Due diligence
• U.S. federal and state tax reporting, including preparation of Pro-forma Schedules K-1 and Qualified Electing Funds (QEF/PFIC) letters
• Controversy management and resolution
• Fund structuring
• Acquisitions
• Disposals
• Post-merger integration
• Repatriation planning
• Anti-deferral planning
• Strategy and pre-acquisition planning
• Unrelated business income planning
• Acquisition debt restructuring

We provide our clients with the opportunity to create value by delivering the tools to assess potential US tax exposures, identify deal value enhancers and facilitate the value capture, at pace.

Moore DM understands the challenges you face as a professional service firm. Accounting for professional service firms is unique and requires knowledge of the systems and processes often found in the industry. We take our own experiences and best practices to help you leverage financial data to create production efficiency and ultimately reach higher profit levels.

Our clients include:

• Architectural and engineering firms
• General consultants
• IT professionals
• Law firms
• Medical professionals
• Software developers

There are fewer industries more susceptible to economic cycles than real estate and construction. With nearly 95 years of experience with real estate and construction clients, Moore DM has experienced many of these cycles with our clients and are uniquely qualified to assist clients in good times and challenging ones. Our specialists help a cross section of businesses domestically and abroad build on their success and maintain their competitive edge during down cycles. Whether you’re a contractor, developer, owner, broker or investor, rely on our full spectrum of tax, accounting and advisory services to help drive bottom-line results. Our real estate and construction group assists clients of all sizes with finding solutions to the obstacles which challenge them, minimizing taxes and improving business operations.

Moore DM provides services to clients in all fields including:

• Realtors
• Property management companies
• General contractors
• Commercial construction
• Residential construction
• Road and heavy highway construction
• Sub-contractor/specialty trades
• Industry material/service providers
• Construction materials

In addition, the Moore DM specialists are active in national and local industry associations including The Association of General Contractors (‘AGC’), The Construction and Financial Management Association (‘CFMA’) and the American Subcontractors Association. Our participation in these associations enhances our knowledge of the markets and helps us deliver true value-added services to our clients.

Our full suite of services includes:

• Audits, reviews and compilations for reporting to lenders, investors and partners
• Internal controls evaluation to determine separation of duties, process management and accessibility issues
• Evaluation to streamline financial operations
• Financial projections
• Cash-flow management
• Cost management strategies
• Budgeting and forecasting
• Tax savings planning to identify refund and reduction opportunities and capitalize on tax benefits
• Cost segregation studies to accelerate depreciation and defer income tax
• Choice-of-entity analysis
• Estate planning and wealth preservation
• Process improvement assessment
• Job-costing modeling
• Real estate project review and projection
• Inventory management, including 263A allocations
• Claims and lien management advisory
• Surety credit and bank financing assistance
• Establishing operations outside the U.S.
• Assisting foreign based companies establish and structure operations in the U.S.

A technology revolution is sweeping the globe and the pace of change in the tech industry means that the need to adapt quickly is vital. This evolving operating environment requires knowledge and experience of the key issues facing tech companies. From valuing intellectual property to complex compliance issues, data security to business process modelling, Moore DM offers effective, strategic and operational solutions specifically tailored to the needs of every organization.

We have specialized technology industry accountants that help create business plans, claim research and development credits, audit technology controls and bring innovative ideas to drive market profitability.

Our areas of expertise include:

• Biotechnology and life science
• Micro- and Nano- technology
• Software creators
• Telecommunications
• Material research and development providers

The wholesale and distribution sector is constantly changing and is impacted by the shifting sands of regulatory frameworks in various jurisdictions, technological developments and the general economic health of the marketplace. With nearly 95 years of experience Moore DM has experienced many business cycles with our clients and is uniquely qualified to assist clients in good times and challenging ones.

Moore DM’s team of specialists help mitigate financial, operational and regulatory risks arising from such a challenging environment, providing specific advice to privately-owned and listed wholesale distributors to assist in creating efficiencies without compromising product delivery. Guiding our ability to do this is our range of accounting services specific to the wholesale and distribution industry, which includes:

• Wholesale and distribution accounting services
• Agreed-upon procedures tailored to your needs
• Establishing or improving in-house accounting systems
• Annual tax compliance and savings planning, including reviewing depreciation strategy and inventory write-downs
• Property tax issues and inventory calculations
• Cost segregation studies to identify tax savings opportunities on buildings and properties
• Internal controls evaluations to help improve operational efficiencies, prevent theft and fraud, and ensure accurate financial reporting
• Financial projections, budgets and forecasts
• Cash-flow management
• Benchmarking against competitors and the industry
• Key performance indicators to monitor financials, track trends and uncover opportunities
• HR support and assistance with organizational structuring and compensation planning
• Strategic planning
• Process improvement assessments to identify workflow weaknesses and enhancements
• Risk management assistance
• Succession and exit planning

Consistent with our belief that there are no ‘one size’ solutions, the Moore DM specialists take a consultative approach, asking a lot of questions, to gain a thorough understanding of each client’s unique circumstance so we can offer advice specific to each situation. This approach helps us maintain one of the highest client retention rates in the profession.