Episode Details

R. Adam Smith welcomes Karen Costa, National Leader of the Family Office Advisory Center for RSM US. With over 20 years of tax consulting experience, Costa shares valuable insights on the evolution of family wealth office services and explores the holistic approach needed for effective family financial planning. The conversation honors her colleague Tony Wood's legacy while examining the intricacies of multi-family office structures, tax strategies for family enterprises, and the importance of women's leadership in the family business ecosystem. Costa emphasizes the need for advisors to deeply understand client goals before implementing tax strategies and discusses how RSM's global capabilities serve increasingly international family office management needs.