Nixon Peabody’s consulting and outsourcing services enable law firms, banks, family trust offices, individual lawyers, and other financial service professionals to devote their time as fiduciaries to their own client relationships rather than systems and operations. Our highly skilled accounting and financial professionals advise clients on how to implement in-house trust systems, develop processes and procedures, and train personnel. We can also assume all “back office” financial operations, providing a premier trust and estate accounting back office solution in a seamless and confidential way that brands the services to the law firm or private trust client. This service is totally integrated with the client’s operation, allowing them to provide:
- Reports on demand, including investments, income projection, performance measurement, tax detail, and broker commissions
- Automated collection and processing of dividends and interest
- Income, principal, and tax lot accounting
- Scheduled and on-demand remittances
- Gift and mutual funds processing
- Daily cash sweep
- Internet access to portfolios and transactions
- Trade settlement and corporate action processing
- 1099 preparation
- Fiduciary and individual tax return preparation (as a separate service)
Our entire portfolio of services can be privately labeled and completely confidential, cost-effective, and efficient. Since we are a law firm providing these services, we are accustomed to serving clients with the necessary discretion and privacy, and can access additional legal resources when desired.