Trust & Family Office Rotation

The Trust and Family Office at Parkside handles the portfolios of high net worth individuals and families. We were able to work along side TFO Analysts during this rotation to gain hands-on experience and apply our financial knowledge through small, meaningful projects.

Private Equity Assets

The first project that we were tasked with was to create a spreadsheet showing the asset allocation for all Parkside clients that participate in private equity investments. We broke down these private investments into three categories: Direct Real Estate, Private, and Commodities. We then had to find the variance in target and actual asset allocation to show which clients needed more private investments in their portfolio. This was a great project to apply our excel skills and to learn how Parkside diversifies their assets under management.

Client Reviews

Our mentors in the Trust and Family Office are analysts and the clients have specific analysts assigned to their portfolios. The analysts work with an advisor to manage client’s portfolios. Advisors and analysts held meetings that prepare and close out semi-annual client reviews, which we were able observe. Being able to watch how advisors and analysts go about working with clients first hand is an experience you could never have in a classroom setting.

Estate & Charitable Planning

When working with high net worth individuals, having a efficient estate and charitable planning is a big importance. We learned that both estate planning and charitable planning have large implications on the amount of taxes an individual has to pay. Utilizing information from Schwab Charitable, we gathered information together about estate and charitable planning for Parkside to provide to clients to offer a better understanding of the topics.