Services for Wealth Advisors

Step One:Why You Should Incorporate Philanthropy into Your Practice

Philanthropic services are widely recognized as a “must have” offering for today’s wealth management firms. Virtually all high-net-worth clients have made some commitment to philanthropy, and their giving should be incorporated in their wealth management strategies. These clients look to their trusted advisors for guidance, and this is often a missed opportunity to deepen your relationship with them, possibly working with new members of the family as they build a collective legacy.

That’s why more wealth managers today are embracing strategic philanthropy as a key practice offering. And they’re choosing Foundation Source to provide turn-key services for the most desirable and powerful of all charitable vehicles: the private foundation.

Step Two:Consider the Merits of a Private Foundation for Your Client

You already know that a private foundation can maximize your client’s estate through an immediate income tax deduction and the reduction of taxable assets. But did you know that your client need not be a Gates or a Ford to have a foundation? Our award-winning systems, technology and services have dramatically reduced the expense and effort of starting and running a private foundation. Before, the rule of thumb was that you needed about $5 million in investible assets to justify foundation costs. No more. Foundation Source makes it possible for your clients to have a fully functioning private foundation in less than a week, starting with as little as $250,000 in assets. What’s more, the cost of operating a modern foundation is now on par with—and in many cases is less expensive than—the cost of maintaining a similar sized donor-advised fund.

Step Three:Expand Your Services without Taking on More Work

By working with Foundation Source, you immediately acquire sophisticated private foundation expertise for your practice. You gain a virtual staff of experienced foundation administrators and philanthropic advisors, without hiring costs or overhead. As a third-party administrator and advisory firm for private foundations, our business is supporting your clients’ foundations with philanthropic services. We neither custody assets nor offer investment advice. Foundation assets stay under your watchful care. And our experienced team of Managing Directors, located across the country, is ready to answer your questions and join you in client conversations, as appropriate. Foundation Source consistently earns a 98% satisfaction rating from our clients, so you can have complete confidence that we will handle the details, allowing you and your staff to focus on what you do best.

Step Four:Serve Your Existing Clients Who Already Have Foundations

Foundation Source has become the nation’s largest foundation management and advisory firm for one main reason: We provide a complete, integrated service specifically for private foundations, all under one roof, and it’s the only thing we do. Your clients choose the level of service that’s right for their foundation, ranging from the basic support all foundations need to highly customized solutions. Outsourcing the administration and compliance responsibilities to our staff of private foundation specialists allows you to focus on investment advice and asset management.

Step Five:Serve Your Existing Clients and Prospects Who Want to Start a Foundation

In just three days, our team of professionals will have a new foundation up and running, with as little as $250,000 in starting assets. Foundation Source provides the corporate entity and handles the IRS filing for tax-exempt status. Then we continue to support the foundation with management and advisory services. Our professionalism and expertise dovetail perfectly with your own. Your clients will not be disappointed.