PKF O’Connor Davies Family Office Expands Offering with Launch of Advisory Services Group

Industry Leader Steve Prostano to Head Enhanced Offering Focused on Evolving Needs of Ultra-High-Net-Worth Families and Private Business Owners

PKF O’Connor Davies (PKFOD), one of the nation’s largest accounting, tax and advisory firms, announced today that it expanded its family office offering with the launch of Family Advisory Services (FAS). FAS is a new offering focused on delivering strategic, objective and conflict-free advisory solutions to satisfy the unique needs of private business owners, ultra-high-net-worth families, their family offices and the advisors that serve them. FAS will be led by Steve Prostano, a recognized thought leader and industry veteran.

“Families of significant wealth have complex lives and face unique challenges, and we’re seeing those challenges becoming more complicated and nuanced every day. Those that have been the most successful at sustaining their wealth over multiple generations take an enterprise or business-minded approach. The Family Advisory Services offering reflects this dynamic,” said Gemma Leddy, Partner-in-Charge of PKF O’Connor Davies Family Office. “We are delighted to have Steve join us in our commitment to provide integrated and innovative solutions to meet the ongoing demands of our clients.”

In a career spanning over three decades, Steve Prostano has distinguished himself as an innovator and a recognized leader in the wealth management, multi-family office and global financial services industries. He has designed, built and managed leading global and national multi-family offices and asset management firms. Additionally, he has consulted to numerous industry leaders and ultra-high-net-worth families and family offices throughout his career. Steve, a certified public accountant and attorney with an LLM in Taxation, is a frequent speaker on industry trends and developments and has won numerous industry awards.

“The new Family Advisory Services offering is a step ahead of others in the accounting, professional and financial services industries today,” Prostano said. “It allows private business owners, UHNW families and their advisors to integrate the independent, conflict-free, strategic advice they receive from FAS with one of the most comprehensive Family Office offerings available in the market. It’s all backed by the deep resources, talent and broader set of services of PKFOD. I’m very pleased to be joining this dynamic team and lead this new offering.”

The new FAS Group will provide a unique, comprehensive advisory offering and proprietary strategic planning and implementation process that allows families to address all of their personal, business and financial needs. The process delivers objective and holistic multi-disciplinary advice that fully integrates:

  • Wealth Planning and Structuring
  • Family Dynamics and Governance Consulting
  • Family Education
  • Private Business Owner Advisory Services
  • Strategic Philanthropy and Purpose Investment Counseling
  • Family Office Consulting

The FAS strategic advisory solutions, coupled with their high-touch service, offer a truly meaningful complement to PKF O’Connor Davies Family Office’s suite of services.

FAS will also offer advisors and financial service firms serving UHNW families and family offices a comprehensive set of tools, including both strategic consulting and outsourced solutions. These services will address specific challenges faced by these firms, which are often seen as barriers to entry and success.

PKFOD has a long history of serving UHNW families, private business owners, family offices and the financial service firms that serve them, and they have built leading, award-winning practices in the Family Office and Financial Services space.