Investment News on Callan Family Office’s Expansion of Financial Administration

Callan Family Office’s launch of financial administration was highlighted recently by Investment News:

“Unlike the typical approach to day-to-day administrative finances like bill payment, which is commonly manual and takes information from across different systems and providers, the firm says it reduces the risk of errors by handling those directly with its own custom technology and processes.

“The firm’s expanded family administration division also supports clients in achieving specific financial goals with large associated expenses – purchasing and maintaining private aircraft or making charitable donations, for example – which may require sizable adjustments to the asset allocations in their portfolios.

‘Many of our clients run multiple real estate projects, for example, using different LLC business structures to manage each property,’ said Amy Jucoski, the firm’s head of family office services. ‘Imagine the work that goes into paying bills, categorizing expenses, reconciling bank accounts, as well as recording assets and liabilities for each LLC business.'”