The client
An ultra-high-net-worth family with a complex network of trusts, businesses, and investment vehicles experienced a major transition following the passing of their matriarch. She had long played a central role in organizing and overseeing family affairs, serving as the connector across generations and helping to keep financial matters aligned.
The challenge
Without the matriarch’s steady involvement, the family faced emotional uncertainty and lacked a clear view of their full financial picture. Multi-generational priorities and differing levels of involvement made it challenging to make cohesive decisions. At the recommendation of their family attorney, they engaged BerryDunn for objective support and guidance.
Our team recognized that trust-building, empathy, and a clear understanding of family dynamics would be essential to help align goals and manage expectations.
The solution
BerryDunn met individually with each family member to understand their unique priorities and concerns. From there, our team facilitated group discussions to help identify shared values and long-term goals.
Our team also conducted a thorough review of all family entities—spanning operating businesses, investments, trusts, and real estate—and gathered key data to map out the current financial landscape. Using this information, our experts developed a custom system to help the family track and monitor their assets in one centralized, transparent platform.
The outcome
With greater visibility into their holdings and a clearer understanding of their options, the family is now able to make more informed decisions. BerryDunn continues to serve in an interim advisory role, supporting operational continuity and helping the family build a roadmap for future planning.
Our work has created a foundation for long-term investment and tax strategies while reinforcing unity and confidence in the family’s ability to preserve and grow their wealth across generations.
Learn more about BerryDunn’s outsourced accounting services.
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