THE SOLUTIONS GROUP

Scalable, cost efficient solutions which enable our client to take advantage of the opportunities that wealth creates.  We offer SOLUTIONS, not products or services.  In many cases, our clients have asked us to do more than just manage their money.  They ask us to help curate their financial lives in a more comprehensive way.  As such, we created the solutions group to assist clients with other needs including Business Management, Insurance, Family Office Services and Tax.

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BUSINESS MANAGEMENT

Manhattan West offers concierge business management services for high-net-worth individuals, families and small business’.

Our Business Management Team oversees your personal financial and business affairs and handles the day-to-day record keeping, bill pay and budgeting. From athletes to executives, we tailor our business management solutions based on your individual needs.

  • Bank statement reconciliation
  • Bookkeeping/Bill Pay: bill pay from checking, monitor ATM account and transfers as needed
  • Budgeting/Projections: based on specific contract term and deals/endorsement agreements
  • Cash balance guarding, monthly or weekly cash flow reports (income and expenses)
  • Facilitating the creation of loan out corporations to optimize tax breaks on income expenses
  • Credit management/repair/protection/building and acquisition
  • Customization of services and reports
  • Deposit of all income (communicating with team, entities, endorsement companies, etc.)
  • Expense breakout (comparisons and/or reviews)
  • Financial Analysis (full portfolio – properties, assets, liabilities, receivables)
  • Financial statement preparation and records
  • Monthly reporting and statement preparation (cash flow, account balances, P&L, B/S)
  • Personal account management
  • Assist with post-career planning (pension plans, estate, retirement, trusts, wills)
  • Facilitate Tax Planning (year-round planning, quarterly payments, tax savings account)
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INSURANCE

We evaluate insurance from a business and personal point of view, understanding insurance as an element of asset protection. We conduct comprehensive insurance analysis and evaluation for our clients. We have been called on to provide cost analysis and benefit maximization for high-net-worth families and businesses whose objective is to use insurance for a number of risk management purposes.

Insurance Types:

Homeowners
Catastrophe
Automobile
Life

Personal Excess Liability
Employment
Cyber Security

Private Aviation
Private Collections
Watercraft

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Family Office Services

Some clients prefer additional full-service concierge attention layered on top of their Business Management experience. In this case, our engagement entails a total outsourced solution to managing the financial, investment and personal affairs on behalf of ultra affluent individuals and high-net-worth families. These additional service offerings may include charitable giving advice, legacy planning, complex family or business counsel, continuity of family governance, and lifestyle management. We provide family office services to empower families to be successful for generations to come. We use our experience to help clients make decisions about assets by educating them on a multitude of topics related to the emotional aspects of wealth beyond just the traditional financial considerations. In an effort to instill best practices and foundational excellence, our team seeks to create long term financial sustainability by understanding the values and passions that clients hold. For those who seek a highly custom solution, we deliver services that extend beyond financial considerations.

Some of our services include:
  • Developing family office governance and risk management
  • Assisting with family meetings
  • Structuring of entities to achieve family goals and minimize tax issues
  • Developing and executing income, gift, estate, and trust tax plans
  • Assisting with banking relationships
  • Developing a financial reporting structure to give the family information to make decisions
  • Paying the entities’ and family’s bills
  • Structuring the acquisition of large assets such as yachts, planes, etc.
  • Advising on succession planning for closely held entities and family office operations
  • Advising on philanthropic initiatives and the management and administration of charitable objectives

 

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Tax Planning

The Manhattan West Tax Services team offers a high touch approach to helping clients with their taxes. With extensive experience serving high net worth individuals and families, our methods are comprehensive and ongoing throughout the year. We approach each client with a focus on their objectives and an awareness of their financial position.

Some of our services include:
  • Develop a comprehensive, family wide income tax strategy
  • Consider potential tax benefits or costs of being a resident in different jurisdictions
  • Discuss tax saving ideas with our clients 
  • International income tax planning
  • Alternative minimum tax planning
  • Cash flow projections for tax liability planning
  • Tax Preparation

1230 Rosecrans Avenue; Suite 540, Manhattan Beach, California 90266

Manhattan West Asset Management, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Manhattan West, LLC and its representatives are properly licensed or exempt from licensure. This website is solely for informational purposes. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Manhattan West, LLC unless a client service agreement is in place.