Family wealth and private client

Entrusting RSM to provide your family wealth delivers a unique experience that meets your needs, expectations and preferences. From an independent and unbiased perspective, we provide a flexible and integrated family office service designed to meet your unique family wealth circumstances and vision. We take into account all of your needs, to instil confidence and a sense of comfort in managing your affairs.

As your trusted adviser we act as the central hub for the management of your tax, wealth transfer, risk management, lifestyle and family financial reporting needs, ensuring that decisions and professional relationships necessary to safeguard and grow your wealth are centrally managed and coordinated.

For us, it’s about establishing long-term relationships built on trust. Trust that you can rely on us to deliver the insights, services and resources to assist you to manage your affairs. We believe that when our clients trust that we fully understand what’s important to them and back it up with genuine counsel and support, they are more confident in the choices they make.

Every family office is unique and tailored entirely to fit your requirements. Family Office services can often include:

  • Accounting, income tax planning and compliance services
  • Expense management and financial reporting
  • Family payroll and employment activities
  • Estate and wealth transfer planning
  • Risk management and asset protection planning
  • Co-ordinating legal, investment & tax advice in administering your affairs
  • Philanthropy planning
  • Family education and governance
  • Investment monitoring and reporting

 

Entrusting RSM to provide your family wealth delivers a unique experience that meets your needs, expectations and preferences. And it’s how we measure the very real and tangible value you receive when working with us to provide that extra layer of comfort and security that is sometimes required.

Why business owners need to get on top of leave balances after lockdowns

With nowhere to go and nothing to do but work, accumulated leave balances have increased dramatically. With borders now open, it’s a great time to encourage staff to take some much-needed time out and use up some of their leave.
GPs moving to the cloud; not as many roadblocks as you think?

GPs moving to the cloud; not as many roadblocks as you think?

There is real value in data sharing, real-time collaboration, and interoperability. The modern GP is facing an unprecedented fast-paced world.
ESS: How to incentivise and remunerate employees

Employee Share Schemes: How to incentivise and remunerate employees without dipping into your pocket

Have you ever thought about using Employee Share Schemes to incentivise and remunerate your employees? 
Mandatory Director ID Numbers

Mandatory Director ID Numbers

What is a Director ID? A Director identification number (Director ID) is a unique identifier you need to apply for once and will keep forever. It will help prevent the use of false or fraudulent director identities.
The End of Bed Licenses – A game changer for the Aged Care sector?

The End of Bed Licenses – A game changer for the Aged Care sector?

From 1 July 2024, the Australian government will abolish bed licenses and the Aged Care Approvals Round (ACAR) process in response to the recommendations of the Final Report of the Royal Commission into Aged Care Quality and Safety (Royal Commission).

Justified Trust for Significant Private Clients and Family Groups

A recent interaction with the ATO saw a significant client enter into a “Next 5,000” review.  It was a learning experience given the client was new to the firm and we had limited knowledge of the historical transactions.  Nonetheless, the client’s expectations were high:
Primary Producers Set to Lose Tax Deductions on Holding “Vacant” Land

Primary Producers Set to Lose Tax Deductions on Holding “Vacant” Land

The ATO have issued draft taxation ruling TR 2021/D5.

thinkBIG - Succession Planning

For most privately owned and family firms, succession means planning for the sale of your business or handing over control to other family members when you retire. In this report, we not only look at the details for a successful succession plan, but we also take a look at timelines for the best execution of a succession plan.
Succession plan in place – what needs to be done next?

Succession plan in place – what needs to be done next?

Farming families generally acknowledge that having a documented succession plan is a good idea.
Managing expectations in farm succession

Managing expectations in farm succession

Farm succession can take on a different meaning for different people and managing expectations around succession is often tricky.
Changes to Compulsory Super Guarantee Payments

Changes to Compulsory Super Guarantee Payments

As part of Australia’s superannuation system, employers are currently providing superannuation guarantee of 9.5% under Superannuation Guarantee (Administration) Act 1992 (Cth).
Farm Succession Planning and the four fundamental questions you need to know

Farm Succession Planning - Four fundamental questions

Farm succession planning is undeniably multifaceted. Not only do you need to consider the needs and wants of the older or retiring generation, but also the younger generation farmer and their siblings – who are probably not all farming, yet will all need to be brought to the table.
10 common questions when considering estate planning

10 common questions when considering estate planning

It is all too easy to delay your estate planning, as thinking about what happens to your estate after you pass away can be quite daunting. All too often, people fail to ensure their estate is properly taken care of, which can result in unnecessary stress for their loved ones.

Indicators of business value for family law matters

When a set of financial statements comes across your desk, what are the key items you should look out for to determine whether a valuation should be sought to assist in the property settlement?

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