Princeton/Philadelphia/New York City/Washington DC/Boston/Orlando – WithumSmith+Brown (Withum) PC has announced the formation of WithumPlatinum, a new integrated private client services strategy designed to serve the highly unique financial planning and management needs of high-net-worth individuals and families. The full suite of services spans family offices, estate and trust planning, cybersecurity/privacy and identity protection, wealth management, insurance advisory, charitable planning, special needs planning, private business advisory and income-tax planning.
“WithumPlatinum marks the formal fusion, so to speak, of the collective and objective deep advisory services for which Withum has become known and recognized nationally,” said Bill Hagaman, the firm’s managing partner and CEO. “WithumPlatinum’s consultative and advisory services offer a holistic, independent perspective free of ties to any proprietary products. Our clients’ interests and financial health are our foremost concerns, all based on their unique situation.”
According to Hagaman, WithumPlatinum extends beyond that of its competitive set for a number of reasons. Two particularly unique components include cybersecurity and a C-suite executive benefit.
“A recent Withum study indicated cybersecurity is the paramount concern of high-net-worth individuals, eclipsing both terrorism and major illness,” he explained. “We have an extremely talented team dedicated solely to this area who address the exposure of high-net-worth individuals and their families, who are at highest risk due to their profile, wealth and level of activity.”
WithumPlatinum manages what information, if any, is in cyberspace and how it’s related to personal safety as well as the integrity of financial and personal affairs. Services range from an online footprint risk assessment, evaluation of home-network vulnerabilities, standard cybersecurity protocols and a cyber and identity theft insurance review.
An extension of WithumPlatinum’s private business advisory services also encompasses the C-Suite Executive Benefit. “Clients connected to a business as an owner or executive have the option to share WithumPlatinum with key executives to ensure the business – a material consideration in proper management of family affairs – runs efficiently and smoothly,” added Hagaman.
WithumPlatinum is an all-encompassing private client service strategy for high-net-worth individuals and families designed to meet their multi-faceted and multi-generational needs. Services fall into two categories: Family Office and Consulting.
Family office encompasses household administration and management of family financial affairs that are not only time consuming, but complicated. Bill pay, bank reconciliations, payroll, personal financial statements and expense reporting are among these services. Consulting includes advisory services to maximize every facet of wealth management, insurance advisory, charitable giving, special needs and income-tax planning.
Established in 1974, Withum is a regional CPA and advisory firm with offices across eight states and Grand Cayman, nearly 1,000 staff members and annual revenue of $170 million. As one of the nation’s largest accounting firms, Withum also is a member of HLB International, a worldwide network of independent professional accounting firms and business advisers committed to assisting clients to build and expand globally.