FOLEY PrivateOffice

Firm clients with ongoing Foley trustee or attorney relationships may access an array of FOLEY PrivateOffice services, including:

• Income and principal accounting and reporting, and required fiduciary reporting
• Asset custodial and asset administration services, trade settlement, and income collection services
• Bill payment services and funds disbursements
• Performance measurement monitoring and reporting
• Secure, personalized, Internet-based account access
• Introduction to non-Foley professional investment management
• Legal and paralegal services from Foley
• Fiduciary, charitable, partnership, foundation, and personal tax return preparation
• Services from non-Foley professional investment management
• Customized personal financial reporting services
• Client-directed, customized, custodial, and trading services
• Virtual office Web site, including family calendar, contact lists, and family-member specific lock boxes

FOLEY PrivateOffice services do not include investment management or investment advisory services. FOLEY PrivateOffice does not recommend investments, nor does it make trade decisions. FOLEY PrivateOffice works at the direction of Foley trustees and attorneys, who typically retain professional investment managers and advisors.

Although our attorneys do not solicit appointments as trustees, they will serve as trustees at the request of our long-standing clients.

We have based our legal practice upon understanding our clients’ goals and using this insight to meet their unique and ever-changing challenges.

Today, we are known for our premier, sophisticated legal practices and innovative team approach. Foley Estates & Trusts attorneys are experienced in providing the full range of personal legal services. They are insightful thought leaders on many of today’s most complex legal, tax, and wealth preservation issues.

Our team approach blends the continuity of your Foley attorney relationship, with the applied experience of our Estates & Trusts attorneys and the wealth administration services of FOLEY PrivateOffice. We leverage our technical knowledge and past experience to serve a diverse client base, ranging from first-generation entrepreneurs to multi-generational families managing private companies.

After the thoughtful consideration of your options, your Foley attorney may serve as trustee or successor trustee at your request. This request is entirely appropriate when you and your attorney have developed a significant relationship or when he or she has unusual familiarity with your family affairs and financial position. As trustee, your attorney’s approach to his or her role is marked by objectivity and flexibility.

Objectivity: Your Foley trustee acts with you, serving the best interest of your family. To do so consistently, your attorney must remain independent of outside influences, serving only you and your family’s best interests.

Therefore, Foley trustees typically choose not to perform certain functions such as investment management. Rather than buying and selling stocks, they hire professional investment managers and advisors, typically at discounted, institutional rates.

FOLEY PrivateOffice can produce quarterly investment performance reports for you and your trustee. These and other resources allow for the empirical and subjective evaluation of your investment advisors and managers.

To ensure objectivity, Foley trustees do not participate in fee-sharing or referral compensation arrangements. Foley believes that objectivity is preserved by selecting the best available professional investment managers, and holding them responsible for their investment choices.

Flexibility: At the same time, your Foley advisor appreciates the uniqueness of your station in life. He or she respects the years spent developing professional relationships or supporting certain family obligations.

Your Foley attorney knows that the value of his or her judgment increases with their ability to support you in — not interfere with — these special relationships.

FOLEY PrivateOffice is uniquely suited to accommodate your specialized requirements, across multiple family generations.

Your wealth affords you many options, including establishing your own family office structure. As you take these options into consideration, recognize some challenges facing family office owners, including:

• Finding and retaining qualified professionals
• Funding the salaries and expenses associated with those persons
• Leasing office space and equipment
• Engaging qualified audit professionals

Family office owners also must acquire complex financial accounting systems or services for tax, fiduciary, family partnership, and charitable foundation accounting and reporting. Certainly you could engage any number of wealth management firms for these services, but they can be costly, and may be limiting.

FOLEY PrivateOffice maintains the infrastructure, technology, and staff needed to administer more than $2 billion in family wealth for approximately 1,000 family member clients.

• We have a qualified and professionally diverse staff
• We utilize procedural audits and reviews
• Our technology is modern, secure, and full-featured
• We currently prepare more than 1,000 fiduciary, personal, foundation, partnership, and charitable tax returns annually

Before building a freestanding family office, evaluate the risks and challenges associated with financing such an organization. And speak with your Foley attorney about the benefits of leveraging our considerable knowledge and applied experience.

FOLEY ClientSuite^SM for Families offers a secure, private Web site for you, your family, and your trusted advisors. You and anyone you authorize may visit your e-gathering place at any time — from any worldwide location — to share, store, edit, and access important personal or financial information.

This simple and convenient Web site can be critically important. Should a family member or loved one become sick while traveling, copies of passports, medical records, and medical powers of attorney documents are close at hand when stored on the family’s ClientSuite site.

With ClientSuite for Families, the family has a central calendar and contact name list, email addresses, and phone numbers of family members and trusted family advisors.

Every family member also is given his or her own secure electronic file cabinet — an electronic “lock box.” Family members use their personal lock boxes to store private documents, trust agreements, wills, or letters.

We understand the value of a safe and secure Web site infrastructure, and our commitment to technology has not gone unnoticed. Foley has been recognized nationally by CIO magazine for our ongoing investment in technology and technology-based resources.