Oxford’s commitment to providing tailored solutions to its clients is showcased through Private Family Services of Oxford (PFSO), an offering that has evolved over time to meet the dynamic needs of Oxford’s discerning clientele. While the core philosophy and services remain consistent, the structure of PFSO has recently undergone a significant change. In April 2023, it became its own separate entity under the umbrella of Oxford Financial Group, Ltd.™, much like The Trust Company of Oxford™.
Regardless of its structural changes, PFSO clients retain access to Oxford’s suite of services, from M25 to Wealth Credit and Elite Wealth Services. The collaborative spirit between PFSO and other Oxford teams remains unchanged, as the objective is to provide the best service for the client.
PFSO is Oxford’s solution to supplementing or, in some cases, becoming the primary family office for clients. The motivations behind becoming a PFSO client vary, but the common thread is the need for personalized, white-glove assistance in managing complex financial affairs. Historically, PFSO catered to retired clients looking to offload their financial responsibilities. However, today it serves a diverse clientele including busy individuals who require extensive support in managing their personal finances.
WORKING WITH A DEDICATED ASSOCIATE
A key feature of PFSO is the ability for clients to work with their dedicated PFSO associate as seamlessly as they would their own employee, while eliminating the complexities of employer administration and liability. The client guides the work PFSO does, fostering a close client-associate relationship where the dedicated associate is an integral part of the client’s financial life.
ACCOUNTING
PFSO offers a wide range of services, but at its core, it operates much like an outsourced bookkeeper or accountant for the client’s personal finances. This includes services such as:
I. Bill payments
II. Statement reconciliation
III. Bookkeeping
REPORTING AND DOCUMENTATION
The reporting aspect of what PFSO provides is often deemed the most beneficial to clients, offering a summarized view of their financial landscape. The ability to compile tax-related documents and collaborate with tax advisors is another critical service, ensuring a holistic approach to managing financial affairs.
PFSO can also handle unique, non-recurring tasks or new strategies. It acts as a nimble partner, stepping in to ensure seamless operations during high-demand phases.
BILL PAYMENT
PFSO operates with the efficiency of a business: managing accounts payable, issuing payments and offering comprehensive financial reporting.
This wide-ranging approach positions Private Family Services of Oxford as a central point of contact for clients, ensuring smooth collaboration with their other trusted advisors.
— Theodore Roosevelt
