As reported in the article, legal work is an area typically outsourced by "pure" money management firms. "Neither accounting firms nor wealth managers can do the legal work on trusts and estates," said Garcia-Linares, managing partner of Day Pitney's Florida offices, including in Coral Gables. The article notes that in addition to advising clients in matters of complex business litigation, Day Pitney also has a strong private clients practice that works with affluent individuals and families – and their wealth managers – on tax planning, wealth transfer and succession planning for future generations.
In addition, the article mentions Day Pitney's Art Law practice, which plays well in Coral Gables, where many residents maintain collections of Latin American painting and sculpture. "We have a number of lawyers that specifically advise clients on art deals – acquiring, protecting, selling, and how to pass the art from one generation to the next," Garcia-Linares told Coral Gables Magazine.
Day Pitney Family Office Associate Jaclyn M. D'Esposito authored an article with Family Office Exchange's Chief Learning Officer Mindy Kalinowski titled, "The Rising Generation's Role in Family Offices," for WealthManagement.com.