Peace of Mind

Situations can arise from time to time where high networth individuals do not have the time or desire to handle their day-to-day financial activities.  Several clients at Chapman, Hext & Co., P.C. have come to rely upon us to assist them with these special needs, such as:

• Paying individual bills
• Tracking assets
• Provide financial reporting to individuals for assessment of cash flow needs

Most of our clients who use this service experience a great comfort level, because it gives them a financial person who has direct knowledge to assist them in their day-to-day financial activities.  They find that issues are addressed faster and resolved with less disruption to their personal lives.

Services that we provide for our clients include but are not limited to the following:

• Write checks, reconcile bank accounts and maintain cash balances
• Maintain list of assets
• Property insurance, auto insurance coverage and negotiation of policies
• Financial maintenance of properties owned
  • Records of auto titles
  • Records of personal residences
  • Property insurance
  • Cash flow projections
• Financial reporting to individual
• Preparation of individual tax returns
• Investment advise
• Evaluation of investments
• Track return on investments
• Maintenance of paid bills files
• Banking relations
• Lending relationships (i.e. House, Car, Business, 2nd Home)

We actually function as the clients in-house accounting department.  During initial discussions we will work with the client to outline the responsibilities and the due dates of the various tasks assigned to us.  At on going meetings we can continue to assist the client in determining changes that need to be made to their complex business structure.  This kind of regular interaction allows us to help the client achieve efficiency in his/her personal life.

We would be glad to discuss this type of engagement and how it may be of assistance to you.