The Challenge
A $75B private equity firm based in Los Angeles decided to establish a new multi-family office to serve several of their principals. They promoted a member of their tax team to lead the family office and engaged Alliance Resource Group to identify their first external hire.
Initially, the client wanted to hire a junior tax professional to support ultra-high-net-worth (UHNW) individuals with flow-through taxation, estate taxation, and other related needs.
However, after reviewing several highly qualified junior-level associates, they reassessed their requirements and determined they needed a more seasoned professional to set the foundation for their team.
The Solution
Leveraging its deep expertise in family office structures, Alliance advised the firm to prioritize hiring an experienced Family Office Controller.
Alliance conducted several weeks of meticulous market research across Los Angeles and identified a highly qualified Controller with extensive experience working for a prominent LA family office.
This individual brought a wealth of expertise in both family office taxation and accounting, making them an ideal fit to help build and stabilize the new multifamily office.
The Outcome
The candidate hit the ground running on day one and immediately took a huge load off the head of the family office. The client and the candidate were both so pleased with each other and the placement that they asked Alliance to build out the rest of the family office function. Alliance supported them in hiring an additional Controller, to support new principals who were brought in to serve in the multifamily office, as well as junior-level staff to assist the two Controllers that Alliance had placed.
Alliance Resource Group now enjoys an exclusive partnership with the firm, where Alliance is their only call for all of their finance and accounting search needs.