However, the record keeping, bill paying, and reporting for…

However, the record keeping, bill paying, and reporting for all these properties can and should be provided by the family office. The vast majority of family offices of this size conduct their own bill paying, record keeping, and reporting, largely because the family offices are doing so for other activities, and because most principals prefer to have greater oversight and control of their expenses.

— from True North (Ethics, Integrity, Truth, Values)

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