What is a Virtual Family Office?

A Virtual Family Office (VFO) is a modern and cost-effective approach to family office services, leveraging technology to provide comprehensive financial planning, tax planning, wealth management, business advisory and risk mitigation solutions to high-net-worth individuals and business owners without the large overhead cost of a dedicated family office.

Unlike traditional family offices, a Virtual Family Office provides services to anyone - not just one family, making high-impact wealth building strategies accessible to nearly all of your high net worth clients who have been waiting for a holistic wealth building advisor. 


Elite's Virtual Family Office, created in 2014, is the most established and transparent in the industry. The Elite VFO also allow you to share in any revenue generated from services provided to your clients.

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Why Should Advisors and Accountants Use a Virtual Family Office with Clients?

 For financial advisors and accountants, working with a Virtual Family Office can be a strategic advantage. Here’s why:
VFO Transparency Benefits
  • Background Checks
  • Credential Verification
  • Community Reviews 
  • Documentation & Research
  • Member Ratings
  • Full Transparency
Strong Advisor-Accountant Partnerships

The VFO is a powerful tool that helps advisors forge strong, profitable partnerships with accountants by expanding service offerings. For accountants, it boosts your firm’s capabilities, allowing you to deliver comprehensive solutions and appear larger and more resourceful without the overhead.

Increase Revenue Opportunities

By offering additional services, advisors can generate more revenue from existing clients and attract high-net-worth clients who are looking for comprehensive, flexible, and cost-effective holistic wealth management solutions. This can open up new revenue streams and help advisors grow their businesses. Elite’s team of VFO specialists offer a revenue-share model for any services performed for your client. 

Enhance Firm Services

When you use Elite’s Virtual Family Office, we provide a way to seamlessly showcase the 75+ VFO specialists and their services as though they are part of your firm – all on your own website. Basically, it makes your firm look much larger than it is. Check out an example here. 

Improve Client Retention

Using a Virtual Family Office can help advisors differentiate themselves in a competitive market, offering a unique value proposition that can enhance client loyalty and retention. Clients who benefit from the personalized, holistic financial and tax services of a VFO are more likely to stay with their advisor long-term.

Streamline Collaboration

VFOs facilitate seamless collaboration between advisors, accountants, and other financial professionals, enabling them to work together more effectively to serve their clients. This holistic approach can lead to better financial outcomes and increased client satisfaction, rather than the traditional siloed approach of an advisor working on their own. 

Adaptability in a Changing Market

The financial landscape is rapidly evolving, and VFOs are at the forefront of this change. By embracing the VFO model, advisors can position themselves as forward-thinking professionals who are equipped to meet the needs of modern clients in a digital world.

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Elite Resource Team’s VFO supports Financial Advisors, Insurance Agents, Accountants and Their Clients

Tax Planning

The process of analyzing a person’s entire financial situation to ensure tax efficiency. The goal is to minimize tax liability and maximize the ability to achieve financial goals while considering current and future tax laws. This involves strategies like income timing, choosing the right investments, specialty deductions and credits like Cost Segregation, Solar Credits, Cash Balance Plans, and structuring business activities to reduce tax burdens just to name a few.

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Wealth Management

A comprehensive service that combines financial planning, investment management, and estate planning to help individuals and families grow, protect, and transfer their wealth. The goal of wealth management is to provide tailored strategies and advice that align with the client's specific financial goals, needs, and risk tolerance. Wealth managers typically offer personalized services that can include retirement planning, insurance, philanthropy, and legacy planning, among others.

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Legal Services

A broad range of professional services provided by licensed attorneys or law firms to individuals, businesses, and organizations. These services typically involve providing guidance on legal issues like contracts, employment law, intellectual property, real estate, litigation and dispute resolution, drafting and reviewing business or estate documents, regulatory compliance, mergers and acquisitions, business formations and representation in legal proceedings.

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Business Advisory

A range of consulting services offered by seasoned professionals aimed at helping businesses improve their performance, solve specific problems, and achieve their strategic goals. These services focus on providing insights, strategies, and solutions tailored to the unique challenges and opportunities a business faces. Examples include strategic planning, financial management, operational improvement, performance measurement, succession planning, technology transformation, and growth and expansion strategies.

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Risk Mitigation

Professional services designed to identify, assess, and reduce risks that could potentially impact an organization or individual's objectives, operations, or assets. These services typically involve the following components: risk assessment, risk management strategy, implementation, monitoring and review, and crisis management and response.

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Add Virtual Family Office Services to Your Advisory Firm

See how easy it is to incorporate the services of a Virtual Family Office into your firm, and share in the revenue generated.

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