CAB CPAs Expands Service to High Net Worth Individuals and Their Families

NEW YORK, NY--(Marketwired - Jul 15, 2014) - Charles A. Barragato & Co. LLP ("CAB"), CPAs and Trusted Business Advisors, has enhanced the service platform it offers to high net worth individuals and their families. Through its SFG Business Management division and led by partner Scott F. Guber, CPA this comprehensive service combines sophisticated bill paying in a paperless environment along with a keen attention to a client's overall financial scenario.

Says Scott, "Long gone are the days of a plain-vanilla check writing service. Utilizing state-of-the-art technology, our process takes the task and management of bill-paying to an entirely new level. While incorporating the sophistication of today's bank and credit card institutions, our proactive approach safeguards privacy and security on all levels. Since the SFG division operates in this high-tech environment, we minimize the risk of identity theft and provide a secure setting for communication with our client. Immediate access and retrieval of items such as past bills and deposits, insurance policies, estate documents and the like ensures delivery of an efficient service and prompt answers to questions a client may have. Quite simply, SFG works 24/7 to help make its clients' lives less stressful."

Scott continues, "High Net-Worth individuals, be they corporate executives, entrepreneurs, physicians, athletes or celebrities, all have one thing in common -- they have no time! These individuals have families, multiple homes (domestically and abroad), charitable foundations and household help. They cannot keep up with managing or the exposure of the day-to-day financial needs of themselves and others. We take care of all this for them, and to their great relief."

Some of the benefits of our service include:

• Immediately identify potential credit card fraud or misuse
  
  
• Proactive approach to the purchase of large ticket items by securing immediate insurance coverage where appropriate
  
  
• Highlight large variances in monthly expenses to quickly identify issues / problems
  
  
• Track household expenses to quantify the true cost of running each residence
  
  
• Identify business and tax-deductible expenses for a proactive approach to tax planning
  
  
• Deliver detailed monthly reporting, including budgeted to actual cash flow for a clearer picture of finances
  
  

Says SFG client and noted TV and Film Director/Screenwriter Greg Mottola, "Since engaging Scott and his team 20 years ago, I not only had a huge sense of relief that all my financial responsibilities were being taken care of professionally and timely, but SFG's service enabled me up to concentrate on growing my business. My family and I are eternally grateful to Scott and his SFG team, and could not have focused on my career without them."

Finally, concludes Scott, "High-end physicians and surgeons who are generating multi-millions for a hospital have precious little time to pay bills and manage their financial life. In many cases, it's the less financially sophisticated family members who are trying to keep up and deal with family financial issues such as bill paying and insurance review. It's a daunting task. So the physician / surgeon engage us, or the employer / hospital engage us, to take the pressure off them and their family.

"Once SFG is fully-integrated, that person becomes more focused and productive for the Hospital, themselves and the patient. So it's a real win-win."

About Scott F. Guber, CPA and SFG Business Management

Scott F. Guber, CPA and SFG Business Management ("SFG"), a division of CAB, have 25 years of experience as a professional service organization. SFG offers a complete range of services to family offices and high net worth individuals. A full service firm, SFG and its staff are viewed as trusted business advisors and will continue to serve its continuously growing clientele. For further information, please visit www.sfgbizmgmt.com.

About CAB

Charles A. Barragato & Co. LLP ("CAB"), CPAs and Trusted Business Advisors, provides tax, accounting and business advisory services across major markets to a diverse clientele, including high net-worth individuals and affluent multi-generational families, real estate investors and developers, exempt organizations and healthcare providers such as hospitals, physicians and the proprietary businesses serving them.

For further information about CAB's full range services, please visit our website www.cabcpa.com or call (212) 371-4446 and ask for Chuck Barragato, managing partner.