Family Office Services for Real Estate Families: A Comprehensive Wealth Solution

February 10, 2025

By: Michael Kroll

Partner, Assurance

Family-owned real estate companies often excel at managing their property portfolios but may overlook the accounting and tax complexities tied to other areas of their wealth. Many of these organizations hold significant investments outside of real estate yet do not put the same level of resources or strategic planning into this portion of their financial lives. This oversight can lead to missed opportunities for greater financial efficiency and growth. It’s here where family office services for real estate families make a difference.

Wiss Family Office, an affiliate of Wiss & Company, LLP (“Wiss”), offers tailored family office services for real estate families, providing seamless support for high-net-worth families. Acting as an all-encompassing “Management Company,” Wiss Family Office ensures that both real estate and non-real estate investments receive the attention they deserve.

Through our integrated services, real estate families benefit from expertise across multiple areas, including:

Estate Planning – From complex wills to trusts, we ensure your wealth is preserved and transferred efficiently.
Investing Strategies – Supporting families in balancing risk and growth with well-rounded portfolios.
Bill Paying – Simplifying the day-to-day management of personal and business finances.
Governance and Trust Operations – Helping to establish frameworks that promote transparency and cohesion across generations.

With Wiss Family Office, your family gains the expertise and strategic insight needed to reduce financial stress and enhance the management of multi-faceted wealth.

The Value of Specialized Family Office Services

Transitioning from Wiss to Wiss Family Office is seamless, as our teams bring years of institutional knowledge about real estate families and their unique challenges. Unlike external wealth advisors, who may lack a deep understanding of complex tax and financial structures, we integrate every aspect of your wealth management plan. This ensures complete alignment between your real estate holdings and other areas of financial life.

For instance, strategic tax planning—such as harvesting losses within a non-real estate investment portfolio—can offset the tax burden when selling a property. Our family office services for real estate families go beyond surface-level solutions by addressing the intricate connections between personal wealth, taxes, and real estate income.

Why Choose Wiss Family Office?

Our expertise helps real estate families simplify their financial lives. Instead of hiring an in-house team or managing multiple third-party advisors, families can rely on our specialized services to handle a comprehensive array of functions. Key benefits include:

Tax and Financial Planning Integration – Coordinating personal taxes, real estate income, and investments ensures no stone is left unturned.
Estate Planning Excellence – By working with us, families secure their legacy through robust estate plan reviews and strategies for efficient intergenerational wealth transfers.
Cost-Effective Solutions – Families eliminate the need to develop their own family office infrastructure, saving not only costs but also valuable time.

Our services are designed to enhance efficiency, reduce complexity, and provide peace of mind for families navigating a mix of real estate-driven and diversified wealth.

Comprehensive Services Tailored for Real Estate Families

Beyond the core services provided, Wiss Family Office specializes in additional areas critical to high-net-worth individuals and families. These include:

Life Insurance Planning – Ensuring adequate coverage aligned with your family’s financial goals.
Tax Planning – Minimizing liabilities while aligning with growth objectives.
Financial Budgeting – Consolidating all income streams and expenditures into actionable plans.

By leveraging family office services for real estate families, you streamline operations while avoiding the hassle of coordinating multiple advisors or internal hires.

Experience Seamless Integration

Collaboration is at the heart of our success. Wiss Family Office works closely with existing advisors to provide a truly integrated wealth management experience. Our deep understanding of tax implications, investment opportunities, and property management equips families with a roadmap for smoother financial decision-making.

Whether you’re planning your next property sale or navigating complex family governance, Wiss Family Office ensures your non-real estate wealth is no longer an afterthought. With everything under one roof, you gain the ability to focus on what truly matters—growing and protecting your legacy.

Make the Shift to Better Wealth Management

If you’re a family navigating the complexities of real estate and are considering adding a “Management Company” into your toolkit, Wiss Family Office is your ideal partner. With our expertise in family office services for real estate families, we bring structure, clarity, and peace of mind to your financial life.

Contact us today to learn how we can help elevate your family’s financial management, providing thoughtful guidance for your real estate portfolio and beyond. Start redefining the way you manage wealth with Wiss Family Office.

Wiss & Company, LLP (“Wiss & Co.”) and/or certain of Wiss & Co.’s subsidiaries, Wiss & Co., LLC and Wiss Enterprise Group, LLC provide accounting services to clients. Investment advisory services are offered through Wiss Private Client Advisors, LLC, doing business as Wiss Family Office(“WPCA”), an SEC registered investment advisor. Additional information and disclosures on WPCA is available via WPCA’s Form ADV Part 2A, which is available upon request or at www.advisorinfo.sec.gov. Insurance advice and sales are provided through Wiss Private Client Group, LLC (“WPCG”). Wiss & Co., WPCA, and WPCG are affiliated through common control and ownership. Each firm is regulated by the professional and/or regulatory organizations to which it belongs and must comply with the rules of those organizations. Services offered by each entity are separate and compensation is paid to the affiliate with which the clients contracts. These compensation arrangements present a conflict of interest because we have a financial incentive to recommend the services of our affiliates. You are not obligated, contractually or otherwise, to use the services of any affiliate we recommend.