{"id":26088,"date":"2013-01-24t14:03:40","date_gmt":"2013-01-24t19:03:40","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=26088"},"modified":"2016-04-19t11:13:58","modified_gmt":"2016-04-19t15:13:58","slug":"practice-doctor-qa-how-to-get-started-in-family-office-services","status":"publish","type":"post","link":"\/\/www.g005e.com\/2013\/01\/24\/practice-doctor-qa-how-to-get-started-in-family-office-services\/","title":{"rendered":"practice doctor q&#038;a: how to get started in family office services"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-21122\" title=\"ed mendlowitz cpa the practice doctor q and a\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/07\/screen-shot-2012-07-12-at-5.43.37-pm-e1342129526512.png\" alt=\"ed mendlowitz cpa the practice doctor q and a\" width=\"300\" height=\"284\" \/>including a sample engagement letter.<\/strong><\/p>\n<p><strong>question: <\/strong>some of my clients are getting older and are becoming unable to handle their own financial affairs and i have been asked if i could assist them.\u00a0 what is involved and how do i charge for it?<\/p>\n<p><strong>ed mendlowitz, vpa, pfs, abv, responds: <\/strong>many large firms provide \u201cfamily office\u201d services.\u00a0 this is a complete one stop financial service that helps clients manage their money, pay their bills, collect their dividends and interest, and make sure insurance isn\u2019t cancelled, mortgage, car lease or condo fee payments aren\u2019t skipped, and tax payments paid on time.<\/p>\n<p style=\"padding-left: 30px;\" title=\"permanent link to: novice manager needs to know: how to do it all?\"><em><strong>more from ed:<\/strong><a title=\"permanent link to: seven ways to increase fees in 2013\" href=\"\/\/www.g005e.com\/2012\/12\/19\/seven-ways-to-increase-fees-for-2013\/\"> seven ways to increase fees in 2013<\/a> | <a title=\"permanent link to: 10 best practices for tax season\" href=\"\/\/www.g005e.com\/2013\/01\/23\/10-best-practices-for-tax-season\/\">10 best practices for tax season<\/a>\u00a0 |\u00a0<a title=\"permanent link to: nine healthy things to do during tax season\" href=\"\/\/www.g005e.com\/2013\/01\/23\/nine-healthy-things-to-do-during-tax-season\/\">nine healthy things to do during tax season<\/a>\u00a0 |\u00a0 <a title=\"permanent link to: 12 reasons to love tax season\" href=\"\/\/www.g005e.com\/2013\/01\/14\/12-reasons-to-love-tax-season\/\">12 reasons to love tax season<\/a> <a title=\"permanent link to: free instant download: sample fee schedule for 1040s\" href=\"\/\/www.g005e.com\/2013\/01\/22\/free-instant-download-sample-fee-schedule-for-1040s\/\">| free instant download: sample fee schedule for 1040s<\/a> | <a title=\"permanent link to: ask the geek: a couple great gadgets for saving money on all your other gadgets\" href=\"\/\/www.g005e.com\/2012\/12\/24\/ask-the-geek-leave-it-on-or-off\/\">ask the geek: a couple great gadgets for saving money on all your other gadgets<\/a> | <a title=\"permanent link to three and a half ways to get your own cpa practice\" href=\"\/\/www.g005e.com\/2012\/12\/18\/three-and-half-ways-to-get-your-own-cpa-practice\/\" rel=\"bookmark\">three and a half ways to get your own cpa practice<\/a> |\u00a0 <strong>also: <a href=\"http:\/\/baystreetgroup.com\/store\/implementing-fee-increases\/\" target=\"_blank\">\u201cimplementing fee increases\u201d<\/a> and &#8220;<a href=\"http:\/\/baystreetgroup.com\/store\/tsog\/\">the tax season opportunity guide<\/a>.&#8221;<\/strong><\/em><\/p>\n<p>following is a sample engagement letter that i use with clients needing such services. also, this letter provides a detailed description of what the service involves. <a href=\"\/\/www.g005e.com\/2013\/01\/24\/practice-doctor-qa-how-to-get-started-in-family-office-services\/#more-26088\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-21122\" title=\"ed mendlowitz cpa the practice doctor q and a\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/07\/screen-shot-2012-07-12-at-5.43.37-pm-e1342129526512.png\" alt=\"ed mendlowitz cpa the practice doctor q and a\" width=\"300\" height=\"284\" \/>including a sample engagement letter.<\/strong><\/p>\n<p><strong>question: <\/strong>some of my clients are getting older and are becoming unable to handle their own financial affairs and i have been asked if i could assist them.\u00a0 what is involved and how do i charge for it?<\/p>\n<p><strong>ed mendlowitz, vpa, pfs, abv, responds: <\/strong>many large firms provide \u201cfamily office\u201d services.\u00a0 this is a complete one stop financial service that helps clients manage their money, pay their bills, collect their dividends and interest, and make sure insurance isn\u2019t cancelled, mortgage, car lease or condo fee payments aren\u2019t skipped, and tax payments paid on time.<\/p>\n<p style=\"padding-left: 30px;\" title=\"permanent link to: novice manager needs to know: how to do it all?\"><em><strong>more from ed:<\/strong><a title=\"permanent link to: seven ways to increase fees in 2013\" href=\"\/\/www.g005e.com\/2012\/12\/19\/seven-ways-to-increase-fees-for-2013\/\"> seven ways to increase fees in 2013<\/a> | <a title=\"permanent link to: 10 best practices for tax season\" href=\"\/\/www.g005e.com\/2013\/01\/23\/10-best-practices-for-tax-season\/\">10 best practices for tax season<\/a>\u00a0 |\u00a0<a title=\"permanent link to: nine healthy things to do during tax season\" href=\"\/\/www.g005e.com\/2013\/01\/23\/nine-healthy-things-to-do-during-tax-season\/\">nine healthy things to do during tax season<\/a>\u00a0 |\u00a0 <a title=\"permanent link to: 12 reasons to love tax season\" href=\"\/\/www.g005e.com\/2013\/01\/14\/12-reasons-to-love-tax-season\/\">12 reasons to love tax season<\/a> <a title=\"permanent link to: free instant download: sample fee schedule for 1040s\" href=\"\/\/www.g005e.com\/2013\/01\/22\/free-instant-download-sample-fee-schedule-for-1040s\/\">| free instant download: sample fee schedule for 1040s<\/a> | <a title=\"permanent link to: ask the geek: a couple great gadgets for saving money on all your other gadgets\" href=\"\/\/www.g005e.com\/2012\/12\/24\/ask-the-geek-leave-it-on-or-off\/\">ask the geek: a couple great gadgets for saving money on all your other gadgets<\/a> | <a title=\"permanent link to three and a half ways to get your own cpa practice\" href=\"\/\/www.g005e.com\/2012\/12\/18\/three-and-half-ways-to-get-your-own-cpa-practice\/\" rel=\"bookmark\">three and a half ways to get your own cpa practice<\/a> |\u00a0 <strong>also: <a href=\"http:\/\/baystreetgroup.com\/store\/implementing-fee-increases\/\" target=\"_blank\">\u201cimplementing fee increases\u201d<\/a> and &#8220;<a href=\"http:\/\/baystreetgroup.com\/store\/tsog\/\">the tax season opportunity guide<\/a>.&#8221;<\/strong><\/em><\/p>\n<p>following is a sample engagement letter that i use with clients needing such services. also, this letter provides a detailed description of what the service involves. <a href=\"\/\/www.g005e.com\/2013\/01\/24\/practice-doctor-qa-how-to-get-started-in-family-office-services\/#more-26088\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":1341,"featured_media":21122,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1908,5,3120,9],"tags":[99,93,127,26,216,570],"class_list":["post-26088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-management","category-outlook","category-pro-member-exclusive","category-strategy","tag-client","tag-management","tag-clients","tag-practice-management","tag-sales","tag-strategy","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- 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