Family Office CPA: When Wealth Demands More Than Standard Accounting

26 Sep 2025

Why Family Offices Need More Than Standard Accounting

Family offices manage far more than routine bookkeeping. A family’s financial assets span investments, real estate, operating companies, and lifestyle costs. Standard accountants track transactions, but they rarely integrate these into a cohesive picture of the family’s financial lives.

A family office CPA bridges this gap. They design internal controls, oversee tax compliance, and create governance structures that keep complex entities both efficient and compliant. Their role extends beyond accounting:

Strategic planning: Aligning reporting with long-term objectives such as succession planning and legacy planning.

Compliance oversight: Ensuring compliance across multiple jurisdictions and asset types.

Decision support: Providing timely analysis so wealth advisors and investment managers can act with confidence.

The difference is measurable. In a 2024 Family Office Exchange survey, 72% of single-family offices with in-house CPAs reported fewer compliance breaches and faster decision cycles than those relying solely on external accountants.

This combination of technical rigor and strategic foresight is why family offices provide CPAs a central seat at the table. Without them, families risk fragmented reporting, tax exposure, and governance blind spots.

The Role of a Family Office CPA

A family office CPA provides specialized services that extend far beyond a standard accountant’s remit. Their role combines technical rigor with strategic foresight, ensuring that a family office structure can sustain wealth, governance, and legacy across generations.

Strategic Tax Planning and Compliance

Family office CPAs design sophisticated tax planning strategies. They minimize liabilities, navigate multi-jurisdictional rules, and embed controls for ensuring compliance. Their oversight reduces tax exposure and keeps the family’s financial assets aligned with regulatory standards.

Financial Reporting and Statements Oversight

Beyond preparing financial statements, CPAs monitor internal controls and supervise performance reporting. This level of financial management supports investment managers and wealth advisors with reliable data to make timely, informed decisions.

Cash Management and Bill Pay

CPAs oversee liquidity, reconcile accounts, and manage bill pay processes. These tasks, often overlooked in standard accounting, become central in safeguarding long-term objectives by ensuring liquidity matches both investment management and lifestyle spending.

Estate Planning and Succession Support

Working closely with estate attorneys, CPAs integrate estate planning, succession planning, and legacy planning into the family office structure. This coordination strengthens governance structures and provides continuity for future generations.

Lifestyle Management and Customized Solutions

Family offices offer personalized services that often extend to lifestyle management. From household accounting to private aviation oversight, CPAs deliver a personalized approach that reflects the family’s unique priorities while maintaining accuracy and control.

According to the 2023 Campden Wealth Global Family Office Report, over 65% of family offices rank in-house CPAs as essential for managing tax compliance and multi-asset reporting, citing reduced errors and stronger governance as measurable outcomes.

Family Office CPA vs Other Wealth Professionals

A family office CPA does not replace other advisors. Instead, they anchor the accounting and compliance function that keeps a family office structure stable. Comparing their role with that of other wealth professionals clarifies when their presence becomes essential.

CPAs vs Wealth Managers and Advisors

Wealth managers focus on investment management and market strategy. Their role is to grow capital. A family office CPA ensures compliance, risk management, and financial reporting. Together, they deliver strategic financial planning that balances growth with governance. For high-net-worth individuals, this partnership fosters a deep understanding of both opportunities and risks.

CPAs vs Their Traditional Role

Traditional accounting centers on filings, bookkeeping, and tax forms. For family offices, this remit is too narrow. A family office CPA must become a wealth custodian who manages governance, philanthropy, and multigenerational planning. Integrated accounting and investment platforms enable this shift, helping CPAs move beyond compliance and guide families to make informed decisions on complex wealth structures.

CPAs vs Private Banks

Private banks offer credit, custody, and investment products. Their model is product-driven and often standardized. Family office CPAs, by contrast, integrate family office services into a broader framework of compliance, reporting, and risk control. Clients value the personalized approach, where liquidity, estate planning, and succession are managed with long-term objectives in mind.

Role	What They Do	What They Don’t Do	Where a Family Office CPA Adds Value
Wealth Managers & Advisors	Provide investment management, portfolio strategy, and market access.	Oversee tax compliance, internal controls, or financial reporting.	Deliver strategic financial planning that ensures investments align with compliance and governance structures.
Standard Accountants	Handle business filings, payroll, and personal returns.	Integrate the family’s financial lives into one view or plan for succession and philanthropy.	Act as senior managers of financial oversight, offering tailored solutions for a family’s specific priorities.
Private Banks	Offer credit, custody, and packaged investment products.	Customize services to reflect long-term objectives or legacy planning.	Provide family office services with a deep understanding of clients, from liquidity and estate planning to succession continuity.

Single vs Multi-Family Office CPA Models

Family offices vary in how they structure CPA oversight. The right model depends on the scale of wealth, the complexity of assets, and the family’s long-term objectives.

Single Family Office with Dedicated CPAs

A single-family office serving a single lineage often employs a dedicated team of CPAs. They work directly with family members to safeguard the family’s financial assets, design governance structures, and ensure compliance. For wealthy families with significant estates, this hands-on approach provides customized solutions across the broad spectrum of financial lives — from succession planning to philanthropy.

Multi-Family Office CPA Services

Multi-family offices support several high-net-worth individuals under one platform. CPAs in this model deliver family office services at scale, combining tax compliance, financial reporting, and estate management. Clients gain access to investment advice and wealth management oversight without bearing the cost of a dedicated team. This structure strikes a balance between efficiency and depth, while still providing a tailored framework for each family.

Outsourced vs In-House CPA Models

Every family must decide whether to build CPA capacity internally or outsource to trusted advisors. In-house CPAs offer direct control and alignment with long-term objectives. Outsourced models provide flexibility and cost savings, particularly for clients with less complex structures. Both options reinforce the role of CPAs as senior managers of oversight, keeping wealth strategies compliant and connected across generations.

Model	Who It Serves	What It Provides	Limitations	Best For
Single Family Office with Dedicated CPAs	One family, usually with significant wealth	Hands-on approach with CPAs managing the family’s financial assets, governance structures, and compliance	High fixed cost; requires senior manager oversight	Wealthy families with complex estates and a broad spectrum of financial lives
Multi-Family Office CPA Services	Multiple high-net-worth individuals sharing infrastructure	Scaled family office services, including tax compliance, financial reporting, estate, and investment advice	Less customized; may share resources across clients	Families seeking wealth management with cost efficiency
Outsourced vs In-House CPA Models	Depends on the structure chosen	In-house offers direct control and alignment with long-term objectives; outsourced provides flexibility and tailored solutions.	Outsourced may lack deep integration; in-house requires significant investment.	Families deciding between control and cost savings

When High Net Worth Families Should Add a CPA

Deciding when to bring a CPA into the family office structure is not about wealth alone. It is about complexity. A family office CPA becomes essential when financial lives span multiple entities, asset classes, and jurisdictions. At that point, standard accountants or advisors cannot provide full oversight.

Threshold of Complexity

High-net-worth families and multigenerational families often reach this point when investments diversify across real estate, operating businesses, and cross-border portfolios. Managing the family’s financial assets without a CPA risks fragmented reporting and exposure to compliance failures.

Unique Challenges That Trigger CPA Needs

Certain milestones demand specialized tax services and oversight. Liquidity from a business sale, professional athletes with cross-border contracts, or large philanthropic initiatives all create unique challenges. A family office CPA provides cost-effective ways to integrate planning and reporting without gaps. For multiple families operating within a multi-family office, CPAs ensure consistent frameworks while still adapting to each family’s specific priorities.

Ensuring Compliance and Risk Management

CPAs reduce cyber risk, strengthen governance structures, and ensure compliance in ways standard advisors cannot. Unlike wealth managers who focus on investment growth, CPAs safeguard continuity and control. They give families confidence that strategies for wealth, succession, and governance remain future-ready.

Benefits of Having a Family Office CPA

The value of a family office CPA lies in connecting technical accounting skills with strategic oversight. They ensure that family office services extend beyond administration into a framework that protects wealth, strengthens governance, and prepares for the future.

Holistic Approach to Wealth Preservation

Family office CPAs integrate accounting, financial planning, and estate management into a holistic approach that safeguards the family’s financial assets. Whether in a single- or multi-family office structure, their oversight ensures accurate reporting, aligned strategies, and achievable long-term objectives.

Strategic Planning and Informed Decisions

A family office CPA ensures that financial management is not only about today’s balance sheets. Their insights help families align wealth management with governance structures, allowing high-net-worth individuals to make informed decisions across a broad spectrum of investments. This includes everything from cash management to investment advice that reflects the family’s specific needs.

Trusted Advisor Role

More than technicians, CPAs act as trusted advisors. They guide succession planning, legacy preservation, and compliance in ways that standard accountants cannot. Clients value their ability to ensure compliance while adapting family office services to changing priorities. By linking financial lives to strategic goals, CPAs give families clarity and continuity across generations.

Cost Considerations and Value Delivered

Hiring CPAs within family office structures comes at a cost, but the value lies in minimizing tax liabilities, ensuring compliance, and protecting family wealth across generations. Yet for high-net-worth individuals, the cost must be weighed against the outcomes.

What families pay for:

Compensation for experienced CPAs and their support staff

Accounting technology and reporting systems

The overhead of maintaining an in-house function

What families receive in return:

Tax efficiency: specialized tax planning and reporting that minimizes liabilities

Compliance strength: governance structures and reporting that ensure compliance across jurisdictions

Risk reduction: lower likelihood of penalties or gaps in oversight

Wealth protection: safeguarding the family’s financial assets across generations

In a multi-family office, CPAs deliver many of the same benefits in a cost-effective way:

Shared resources reduce overhead

Families still access accurate reporting and tailored advice

Family office services remain comprehensive without the full expense of a dedicated team

For clients comparing options, the trade-off is clear. A family office CPA may require investment, but the value lies in continuity, control, and confidence that strategies align with long-term objectives.

Questions to Ask Before Hiring a CPA

Hiring a CPA for a family office is a strategic choice. Beyond technical expertise, families need someone who can safeguard wealth, strengthen governance, and guide long-term objectives. The right questions reveal both capability and alignment with the family’s priorities.

Key questions to consider:

Do they have experience with tax regulations affecting high-net-worth families and multigenerational structures?

Can they integrate estate planning, risk management, and family governance into their approach?

How do they work with other advisors — wealth managers, estate planning attorneys, investment advisors?

Do they provide a holistic view of the family’s financial lives or just compliance-focused accounting?

Can they offer customized solutions that align with the family’s values, philanthropic goals, and long-term objectives?

What role will they play in succession planning and legacy preservation?

Have they supported both single-family and multi-family office structures, and can they adapt as complexity grows?

How do they demonstrate value to clients through reporting, transparency, and measurable outcomes?

Can they design governance structures and internal controls that ensure compliance across jurisdictions?

How do they respond to unique triggers such as business sales, cross-border income, or liquidity events?

Standard accounting ends at reporting. A family office CPA goes further, weaving tax planning, compliance, governance, and strategic oversight into one framework. For high-net-worth families, that difference determines whether wealth remains vulnerable or endures across generations.

The decision is not about cost alone. It is about value: minimizing tax liabilities, ensuring compliance, protecting the family’s financial assets, and aligning financial lives with long-term objectives. Whether through a single-family, multi-family, or outsourced model, the right CPA partner delivers clarity, continuity, and confidence.
When family wealth reaches a level of complexity that standard advisors cannot manage, a family office CPA is no longer optional; it is essential.

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Asset Vantage Software Licensing Agreement

This is a binding legal agreement between the natural person or legal person (“Licensee” or “you”) agreeing to these terms of service (“Agreement”) and Asset Vantage Inc. (“Company” “us,” or “we”). This Agreement along with any other terms and policies referenced herein, and are incorporated herein by reference form an integral part hereof, as amended from time to time and constitute a legally binding agreement as of the Effective Date (as defined below). This Agreement is between the Company and you, either individually, or on behalf of your employer or any other entity which you represent (“you” or “your”). In case you represent your employer or another entity, you hereby represent that (i) you have full legal authority to bind your employer or such entity (as applicable) to this Agreement; and (ii) after reading and understanding this Agreement, you agree to the terms of this Agreement on behalf of your employer or the respective entity (as applicable), and this Agreement shall bind your employer or such entity (as the case may be). Please note that you are deemed as an Authorized User (defined below) representative of your employer or an entity (as applicable) if you are using your employer or an entity’s email address in registering into the service.

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1. Definitions: For purposes of this Agreement, the following terms have the following meanings:

“Authorized Users” means the individual persons who are officers, employees or advisors to the Licensee (or who are Families or CPAs to Families) expressly authorized to use the Software by the Licensee pursuant to the license granted under this Agreement, provided that a User License may be reassigned from time to time by Licensee to a new Authorized User who is replacing a former Authorized User who is no longer permitted to use the Software.

“Confidential Information” Confidential Information shall include, but not be limited to:

- - any information provided by one Party to the other Party, or developed by one Party for the other Party within the framework of this Agreement, including credentials supplied by the Company to the Licensee to access the Software Platform;
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However, neither Party’s Confidential Information shall include any information that:

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“Documentation” means user manuals, technical manuals and any other materials made available by Company, in electronic or other form, that describe the operation, use or technical specifications of the Software.

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“Person” means an individual, corporation, partnership, joint venture, limited liability company, governmental authority, unincorporated organization, trust, association or other entity.

“Software” means platform procured by the Licensee as software as a service (SaaS) and all modifications thereto from the Company. This includes any technical documentation, instructions, etc., regarding the software. The software also includes a series of instructions, rules, routines, or statements that allow or cause the software to perform a specific operation or series of operations, the recorded information comprising viewing design details, algorithms, processes, flow charts, formulas, related material that would enable the computer program to be produced or created, graphical interface, images, design materials, and scheme design.

“Term” has the meaning set forth in Clause 11 of this Agreement.

“Third Party” means any Person other than Licensee or Company.

Scope and Grant of License.

Subject to Licensee’s compliance with all terms and conditions set forth in this Agreement and regular payment of the License Fee, the Company hereby grants to the Licensee a non-exclusive, non-transferable, non-sub-licensable and revocable limited license during the Term to use, solely by and through its Authorized Users, the Software along with the Documentation (“Software Platform”), solely as set forth in this Clause 3. This license grants Licensee the right, to use and access the Software Platform in accordance with this Agreement which more particularly set out in Appendix III (“Scope”) and the Documentation. By entering into this Agreement, the Licensee agrees to be legally bound by its terms and conditions.

The Licensee acknowledges and agrees that pursuant to the license, the Licensee shall not acquire any ownership interest in the Software Platform or any other rights thereto other than to use the Software Platform in accordance with the license granted, and subject to all terms, conditions, and restrictions, under this Agreement. Further, the Licensee acknowledges and agrees that the Company has only granted the Licensee the license to use the Software Platform as per the terms of this Agreement and the Software Platform is not being sold to the Licensee.

License Fee. Licensee agrees to pay for the Software Platform a [monthly/annual] fee as set out in the Appendix I (“License Fee”) for the Term.

Use Restrictions.

- - Licensee shall not, and shall ensure its Authorized Users do not, either directly or indirectly:
  - provide any other Person, other than Authorized Users, with access to or use of the Software Platform;
  - modify, amend, translate, adapt or otherwise create derivative works or improvements, whether or not patentable, of the Software Platform or any part thereof;
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  - use the Software for purposes of competitive analysis or the development of a competing software product or service or product having the same and/or similar function as the Software Platform.
  - This Agreement does not grant the Licensee any rights whatsoever in relation to the Company’s trademarks or service marks; and
  - The Licensee shall not use the Software Platform into any country in violation of any export control laws or regulations.

Responsibility for Use of Software.

- - The Licensee is responsible and liable for all uses of the Software Platform through access thereto provided by Licensee, directly or indirectly. Specifically, and without limiting the generality of the foregoing, the Licensee shall at all times be responsible and liable for all actions and omissions of the Authorised Users. If the Company at any time determines that the Licensee’s use of the Software is in excess of the Scope then:

a. The Licensee shall, within thirty (30) days following the date of Company’s written notification thereof, pay to Company the additional License Fees for such excess use. In determining the License Fee payable pursuant to the foregoing, unless Licensee can demonstrate otherwise by documentary evidence, all previously unknown excess use of the Software shall be deemed to have commenced on the commencement date of this Agreement and the rates for such licenses shall be determined without regard to any discount to which the Licensee may have been entitled had such use been properly licensed prior to its commencement (or deemed commencement); and

b. The Company reserves the right to forthwith terminate this Agreement and initiate the legal proceedings against the Licensee for breach of terms of this Agreement and recovery of the amounts due.

- - The Licensee shall use commercially reasonable efforts to safeguard the Software Platform from infringement, replication in any form, misappropriation, theft, misuse, or unauthorized access. Licensee shall promptly notify the Company if Licensee becomes aware of any violation of Company’s Intellectual Property Rights in the Software Platform.

Support Services.

- - Subject to Clause 8.1, during the Term of this Agreement, the Company may provide basic software support services described in the pricing proposal as set out in Appendix I.
  - The Company shall have a right to stop providing support services if the Licensee and/or any of it Authorised Users:
  - breach any of the terms of this Agreement; or
  - use the Software Platform in excess or not in accordance with the Scope
  - The Company may provide updates and maintenance on the Software at its sole discretion.

Collection and Use of Information.

- - Licensee acknowledges that Company may, directly or indirectly through the services of Third Parties, collect and store information regarding use of the Software and about equipment on which the Software is used or through which it otherwise is accessed and used, through the provision of support services.
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  - improving the performance of the Software; and
  - verifying Licensee’s compliance with the terms of this Agreement and enforcing the Company’s rights, including all Intellectual Property Rights in and to the Software.

Confidential Information.

- - In connection with the performance of the Parties’ obligations under this Agreement, each Party may provide to the other Party, and the other Party shall have access to, the first Party’s Confidential Information. Notwithstanding any other content of this Clause 9, Licensee hereby permits the Company to use the Licensee’s name in the Company’s marketing material to the limited extent of identifying the Licensee as a customer that uses the Software Platform.

- - Each Party shall exercise due care to prevent the unauthorized use or disclosure of the other Party’s Confidential Information, and shall not, without the other Party’s prior written consent: (a) use the other Party’s Confidential Information for any purpose other than performing its obligations under this Agreement; or (b) disclose or otherwise make available, directly or indirectly, any item of the other Party’s Confidential Information to any person or entity other than those employees, independent contractors, agents or investigators of such Party and/or its affiliated entities (collectively, “Representatives“) who reasonably need to know the same in the performance of such Party’s obligations under this Agreement, or in order to make decisions or render advice in connection therewith. Each party shall protect the confidentiality of the Confidential Information of the other party with the same degree of care, as such party uses to protect its own Confidential Information, and in no event, less than reasonable care. For the convenience of the Parties, each Party acknowledges that unless precluded in writing by the other Party, Confidential Information may be transmitted to a Party and/or its Representatives via the Internet.

- - In the event of an actual or threatened breach of the above confidentiality provisions, the non-breaching Party shall have no adequate remedy at law and shall be entitled to immediate injunctive and other equitable relief, without bond and without the necessity of showing actual money damages.

Intellectual Property Rights.

Licensee acknowledges and agrees that the Software Platform is provided by the Company under a non-exclusive, non-transferable, non-sub-licensable, revocable license. The Licensee shall not have any interest in the Software Platform including but not limited to any ownership interest in the Software Platform or any other rights thereto other than to use the same in accordance with the terms of this Agreement. The Company reserves and retains its entire right, title and interest in the Software Platform and all Intellectual Property Rights arising out of or relating to the Software Platform. The Licensee shall use all efforts to safeguard the Software Platform from infringement, misappropriation, theft, misuse or unauthorized access. The Licensee shall promptly notify the Company if the Licensee becomes aware of any violation of the Company’s Intellectual Property Rights in the Software Platform and fully cooperate with the Company in any legal action taken by Company to enforce its Intellectual Property Rights. The Licensee acknowledges and agrees that the Licensee, and not the Company, shall be solely responsible for the investigation, defense, settlement and discharge of any intellectual property infringement claim or suit, or any other harm or damages resulting from Licensee’s use of or access to the Software Platform.

Term and Termination.

This Agreement and the license granted hereunder shall remain in effect for the term set forth in the order form as set out in Appendix I. The license is valid for a period of 12 months from the date of activation (“Term”) unless otherwise indicated in the order form as set out in Appendix I. This Agreement will renew automatically for another twelve month period at the expiration date (“Extended Term”) unless the Licensee provides a written notice of termination sixty (60) days prior to the date of expiry of the License.
Without prejudice to any other rights or remedies and notwithstanding anything contained in Clause 11.1 above, the Company shall have an unfettered right to terminate this Agreement at any time upon Licensee’s failure to comply with all the terms and conditions of this Agreement.
Company may terminate this Agreement, effective immediately, if the Licensee files itself, or any other Person has filed against the Licensee (and fails to obtain a dismissal within sixty (60) days thereof), a petition for voluntary or involuntary bankruptcy or pursuant to any other insolvency law, makes or seeks to make a general assignment for the benefit of its creditors or applies for, or consents to, the appointment of a trustee, receiver or custodian for a substantial part of its property.
Upon expiration or earlier termination of this Agreement, the license granted hereunder shall also terminate, and Licensee shall cease using and destroy (to the extent reasonably practicable) all copies of the Software Platform. No expiration or termination shall affect Licensee’s obligation to pay all Licensee Fees that may have become due before such expiration or termination, or entitle Licensee to any refund, in each case except as set forth in Clause 11.3.

Limited Warranties, Exclusive Remedy and Disclaimer/Warranty Disclaimer.

The Company warrants that, during the Term, the Software will substantially contain the functionality described in the Documentation, and when properly accessed and used on a computer (as per requirements specified in the Documentation) and operated in accordance with the Documentation the Software shall substantially perform in accordance therewith. However, the Company does not represent or warrant that any and/or all errors will be corrected and that any and/or all incidents will be prevented or corrected.
The warranties expressly set forth in this Clause will not apply and will become null and void (i) if Licensee breaches any provision of this Agreement, and/or (ii) if Licensee and/or any Authorized User and/or any other Person to whom access to the Software is provided , whether or not in violation of this Agreement:
uses the Software Platform on or in connection with any hardware or software not specified in the Documentation, provided that the warranties in this Section shall continue to apply to Software that is installed or used on any hardware, software, configuration or operating system in accordance with the Documentation; or
misuses the Software, including any use of the Software other than as specified in the Documentation.
During the Term of this Agreement, if the Software fails to perform substantially in accordance with the Documentation, and such failure is not excluded from warranty pursuant to Clause 12.1, the Company will, at its sole option, use commercially reasonable efforts to repair the Software, provided that Licensee provides Company with all information which the Company requests to resolve the reported failure, including sufficient information to enable the Company to recreate such failure. Provided further that, the Licensee shall within 5 days after such failure has occurred, notify in writing to the Company informing about the failure. The Licensee acknowledges and agrees that the Software Platform may produce inaccurate results because of a failure or fault within the Software Platform for reasons not attributable to the Company or failure by Licensee to properly use and/or deploy the Software Platform. The Licensee assumes full and sole responsibility for any use of the Software Platform and bears the entire risk for failures or faults within the Software Platform on account of reasons not attributable to the Company. Licensee agrees that regardless of the cause of failure or fault or the form of any claim, the Company’s obligation if any shall be governed by this Agreement. Further, the Licensee acknowledges that the remedies set forth in this Clause 12.3 are Licensee’s sole remedies and Company’s sole liability with respect to the warranties provided in this Clause 12.
The software and documentation are provided to licensee on an “as is where is” basis and with all faults and defects without warranty of any kind other than as expressly set forth in this Clause 12. The Company, on its own behalf and on behalf of its affiliates expressly disclaims all warranties, whether express, implied, statutory or otherwise, with respect to the software and documentation, including all implied warranties of merchantability, fitness for a particular purpose, and warranties that may arise out of course of dealing, course of performance, usage or trade practice. Without limitation to the foregoing, the Company provides no warranty or undertaking, and makes no representation of any kind that the licensed Software Platform will meet the Licensee’s requirements, achieve any intended results, operate without interruption, meet any performance or reliability standards or be error free or that any errors or defects can or will be corrected.
The Licensee represents and warrants that it has due authorisations to enter into this Agreement and perform its obligations. Further, the Licensee represents and warrants that its is not barred under law, contractually or otherwise to enter into this Agreement and perform its obligations.

Limitation of liability

The Company and its affiliates, shall not be liable to the Licensee or to any third party for any use, interruption, delay or inability to use the software, lost revenues or profits, delays, interruption or loss of services, business or goodwill, loss or corruption of data, loss resulting from system or system service failure, malfunction or shutdown, failure to accurately transfer, read or transmit information, failure to update or provide correct information, system incompatibility or provision of incorrect compatibility information, or breaches in system security, or for any consequential, incidental, indirect, exemplary, special or punitive damages, whether arising out of or in connection with this agreement, breach of contract, tort (including negligence) or otherwise, regardless of whether such damages were foreseeable and whether or not the Licensee was advised of the possibility of such damages.
In no event will the Company’s and its affiliates’, collective aggregate liability under or in connection with this Agreement or its subject matter, under any legal or equitable theory, including breach of contract, tort (including negligence), strict liability and otherwise, exceed the total amount paid to the Company under this agreement for immediately preceding three month period.

Export Regulation.

The Software Platform may be subject to US export control laws, including the US Export Administration Act and its associated regulations. The Licensee shall not, directly or indirectly, export, re-export or release the Software Platform to, or make the Software Platform accessible from, any jurisdiction or country to which export, re-export or release is prohibited by law, rule or regulation. The Licensee shall comply with all applicable federal laws, regulations and rules, and complete all required undertakings (including obtaining any necessary export license or other governmental approval), prior to exporting, re-exporting, releasing or otherwise making the Software Platform available outside the US.

Indemnification

Licensee hereby agrees to indemnify the Company and its officers, directors, employees, agents, and representatives (“Indemnified Person”) from each and every demand, claim, loss, liability, or damage of any kind, including actual attorney’s/legal fees, whether in tort or contract, that may incur by reason of, or arising out of, any claim which is made by either the Licensee and/or any third party against the Indemnified Person with respect to any breach or violation of this Agreement by the Licensee or any claims based on Licensee’s and/or its client’s use of the Software Platform.

Miscellaneous.

Governing Law: This Agreement is governed by and construed in accordance with the internal laws of United States of America without giving effect to any choice or conflict of law provision or rule that would require or permit the application of the laws of any other jurisdiction. Any disputes arising from or related to this Agreement or any Company Software or service shall be subject to the exclusive jurisdiction and venue of the courts situated in New York, and both Parties hereby consent to such jurisdiction and venue.
Force Majeure: The Company will not be responsible or liable to the Licensee, or deemed in default or breach hereunder by reason of any failure or delay in the performance of its obligations hereunder where such failure or delay is lockdowns, due to strikes, labor disputes, civil disturbances, riot, rebellion, invasion, pandemic, epidemic, hostilities, war, terrorist attack, embargo, natural disaster, acts of God, flood, fire, sabotage, fluctuations or non-availability of electrical power, heat, light, air conditioning or any other circumstances caused beyond the Company’s reasonable control (“Force Majeure Event”). It is hereby clarified that the Licensee’s payment obligation shall continue during the Force Majeure Event.
Notices: All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by e-mail (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient; or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.
Entire Agreement: The terms and conditions of this Agreement, including its exhibits, constitutes the entire agreement between the parties with respect to the subject matter hereof, and merges and supersedes all prior and contemporaneous agreements, understandings, negotiations and discussions. Neither of the parties shall be bound by any conditions, definitions, warranties, understandings, or representations with respect to the subject matter hereof other than as expressly provided herein. The section headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. No oral explanation or oral information by either party hereto shall alter the meaning or interpretation of this Agreement. No amendments or modifications shall be effective unless in a writing signed by authorized representatives of both parties. These terms and conditions will prevail notwithstanding any different, conflicting or additional terms and conditions which may appear on any purchase order, acknowledgment or other writing not expressly incorporated into this Agreement.
Assignment:

a. Licensee shall not assign or otherwise transfer any of its rights, or delegate or otherwise transfer any of its obligations or performance, under this Agreement, in each case whether voluntarily, involuntarily, by operation of law or otherwise, without Company’s prior written consent, which consent Company may give or withhold in its sole discretion. For purposes of the preceding sentence, and without limiting its generality, any merger, consolidation or reorganization involving Licensee (regardless of whether Licensee is a surviving or disappearing entity) will be deemed to be a transfer of rights, obligations or performance under this Agreement for which Company’s prior written consent is required. No delegation or other transfer will relieve Licensee of any of its obligations or performance under this Agreement. Any purported assignment, delegation or transfer in violation of this Clause 16.5 is void. The Company may assign or otherwise transfer all or any of its rights, or delegate or otherwise transfer all or any of its obligations or performance, under this Agreement without Licensee’s consent. This Agreement is binding upon and inures to the benefit of the parties hereto and their respective permitted successors and assigns.

b. This Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer on any other Person any legal or equitable right, benefit or remedy of any nature whatsoever under or by reason of this Agreement.

Amendment and Waiver: This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. Failure or neglect by the Company to enforce at any time any of the provisions hereof shall not be construed nor shall be deemed to be a waiver of the Company’s rights hereunder nor in any way affect the validity of the whole or any part of this License nor prejudice the Company’s rights to take subsequent action.
Reservation of Rights and Remedies: The Company reserves all of its rights to proceed to enforce its rights in connection with all rights not expressly granted to the Licensee in this Agreement.
Severability: If any term or provision of this Agreement is invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision shall to that extent be severed from the remaining terms, conditions and provisions which shall continue to be valid to the fullest extent permitted by law.
Interpretation: For purposes of this Agreement, (a) the words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; and (c) the words “herein,” “hereof,” “hereby,” “hereto” and “hereunder” refer to this Agreement as a whole. Unless the context otherwise requires, references herein: (x) to Sections and Exhibits refer to the Sections of, and Exhibits attached to, this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The headings in this Agreement are for reference only and do not affect the interpretation of this Agreement.
Independent Development: This Agreement does not preclude the Company from evaluating, acquiring from third parties not a party to this Agreement, independently developing or marketing similar technologies or products, or making and entering into similar arrangements with other companies. The Company is not restricted by this Agreement to make such products or technologies available to third parties.
Disclaimer: The Software Platform is subject to the Disclaimer set out in the Appendix V of this Agreement.

Appendix IV : Privacy Policy

The Customer can access the privacy policy of the Company at the following link: Privacy Policy

Appendix V: Disclaimer

All of the operating procedures with respect to the Software Platform have been designed based on the Company’s experience in working with hundreds of global family offices. Under no circumstances should any person using the Software Platform should make investment decisions based solely on the information setout therein. The Company is not a qualified financial advisor and the Licensee should not construe any information discussed herein to constitute investment advice. The information in the Software Platform is not meant to be, and should not be construed as advice or used for investment, financial planning, legal, accounting, or tax purposes. The Licensee agrees to consult with a registered investment advisor, which the Company is not, prior to making any investment/trading decision of any kind. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. It must be implemented as per individual family office requirements in consultation with the family office’s local accounting and legal professionals.
The Software Platform is based upon information that is relevant while making investment decisions and the Company considers it reliable, but the Company does not represent that it is accurate or complete, and that it should be relied upon, as such. The Licensee should not rely solely on the information in making any investment. Rather, the Licensee should use the information only as a starting point for doing additional independent research in order to allow the Licensee to form its own opinion regarding investments. All recommendations, advice or opinions cited are the professional views of the Company. The Licensee must act upon them with due diligence.
The Company is neither registered as a wealth advisor, wealth manager, investment advisor nor soliciting any investment in any jurisdiction. Further, the Company does not accept any responsibility or liability for the actions or inactions on the part of any individual or firm stemming from the information mentioned in the Software Platform. The Licensee is solely responsible for verifying the information as being appropriate for the Licensee’s use, including without limitation, seeking the advice of a qualified professional regarding any specific financial, legal, accounting, or tax questions that the Licensee may have.
The Company makes no warranties and gives no assurances regarding the truth, timeliness, reliability, or good faith of any material/factual data in the Software Platform. The Company does not warrant that investment/trading methods or systems presented in the manual will result in profits or losses. The Company makes no guarantees as to the accurateness, quality, or completeness of the information and the Company shall not be responsible or liable for any errors, omissions, inaccuracies in the information or for Licensee’s reliance on the information Vis-à-vis the Software Platform.

Family Office CPA: When Wealth Demands More Than Standard Accounting

Password Policy

Asset Vantage Software Licensing Agreement

Appendix IV : Privacy Policy

Appendix V: Disclaimer