Enhance wealth and maximize business value

CohnReznick provides comprehensive services for personal wealth and family businesses.

FAR-REACHING BUSINESS EXPERTISE

Understanding the nuances of the varying business and professions that generate wealth for our clients puts us in tune with their individual needs and requirements. Our diverse private clients include legal and medical practice professionals, family offices, and many highly successful individuals in finance, fashion, sports, popular culture, and arts and entertainment.

A ONE-STOP SHOP FOR PERSONAL AND BUSINESS WEALTH

Managing personal wealth is often inextricably tied to managing the businesses or other enterprise that generated it. We provide hands-on service not only for the personal finances of business owners, entrepreneurs, and key partners, but integrated, comprehensive accounting, tax, and advisory services for their businesses as well.

Specialized services for private clients

The power of CohnReznick’s integrated, comprehensive accounting, tax, and advisory capabilities serve a wide range of ultra-high-net worth clients. In addition, we offer specialized services for private clients and their businesses:

TAX PLANNING, PREPARATION, AND COMPLIANCE

CohnReznick provides specialized tax planning and compliance services to help you keep pace with changing tax regulations and minimize your tax burdens. Our private client tax services encompass income and business tax planning and preparation, payroll taxes, property and other state and local taxes, tax deferral programs, and advising on tax credits and other incentives. We help private businesses, individuals, and family offices assess their tax situations on an annual basis while implementing asset protection strategies, wealth transfer programs, and inheritance planning procedures.

TRUSTS AND ESTATES

It is important to design and administer individualized plans to minimize the impact of gift, estate, and generation skipping taxes. Incorporating sophisticated strategies such as Family Limited Partnerships (FLPs), Limited Liability Companies (LLCs), Grantor Retained Annuity Trusts (GRATs), and other trust vehicles, our team of professionals apply the utmost discretion to every situation. We work to protect your assets, ensure business succession, and help you legally bind your wealth preservation and transfer instructions.

BUSINESS AND INVESTMENT MANAGEMENT

We provide family offices and business owners with business planning, compliance, and assurance services to satisfy stakeholder requirements and improve the day-to-day management of your family affairs. These services can be expanded to manage your risk exposure and assets through real estate management and brokerage services, forensic accounting, internal audit, cybersecurity, and other advisory services. We also assist direct investing family offices with strategic services including portfolio company performance and EBITDA improvement, transactional analysis, and business valuations.

SUCCESSION PLANNING

Identifying and readying the next generation of leaders for a private company or family office is critical to business continuity and long-term growth. Whether succession comes from within your family or through your current management structure, we analyze your business and generational needs, implement transitional management programs, and negotiate and prepare business ownership agreements with your successors.

FINANCIAL PLANNING AND WEALTH PRESERVATION

The success of your business enables you and your family members to accumulate significant wealth and assets. CohnReznick helps individuals and families make optimal financial planning decisions and, through our CohnReznick Wealth Management affiliate, provide asset allocation and monitoring, manage investments and liquidity, and optimize the tax and other benefits of charitable giving. These services can ensure the financial security of future generations and establish a legacy of philanthropic giving.

INSURANCE

The skyrocketing costs associated with health, life, liability, and other insurances impacts the welfare of private businesses, business owners, and their families. Through our affiliated companies, CohnReznick Benefits Consultants, CohnReznick Wealth Management, and CohnReznick UIC Consultants, we will work to identify improvements to the structure, exposure, and cost of your insurance and risk management programs, optimize your coverage, help you reduce premiums, and pay for only what you need.

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  • Donald Stevens

    CPA, Managing Partner - Private Client Services

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Our solutions are tailored to each client’s strategic business drivers, technologies, corporate structure, and culture.