Rick Flynn, an expert who assists high-net-worth (HNW) families to preserve their wealth, has established his own family office business.
Known as Flynn Family Office, the new office will offer counseling to clients on various subjects, including offering customized family wealth strategies that help with decisions from buying or selling a company to finding charities to donate, Reuters has reported.
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Before floating his own firm, Flynn was working as a principal-in-charge of the Family Office Group at Rothstein Kass.
Evan Jehle, another former principal at Rothstein Kass, has joined Flynn at FFO.
Flynn and many other left Rothstein Kass following acquisition of Rothstein Kass by accounting giant KPMG.
Focus Financial Partners, which has nearly US$60 billion in client assets, is backing Flynn Family Office, which started working on 1 June 2014, according to the publication.
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By GlobalData"As ultra-wealthy individuals and families increasingly see asset management as a commoditized offering, the true trusted adviser is the problem solver," Flynn told the publication.
"Because we don’t manage assets, FFO is able to bring together elite teams of professionals and qualified service providers and manage all aspects from advanced planning and philanthropic activities to concierge healthcare and personal security," he further added.
