Business Details
39 Years
experience
Your Trusted Partner for Financial Administration Solutions
Aquilance was founded in 1987 with a mission to simplify financial administration for affluent families and their advisors. Our services address the complexities of managing wealth across multiple entities, investments, and personal obligations. We combine proprietary technology with a high-touch service model, overseen by dedicated Relationship Managers who ensure personalized attention and proactive problem-solving. With decades of experience in ultra-high-net-worth (UHNW) and family office needs, we deliver accurate reporting, cybersecurity safeguards, and operational efficiency.Our team of seasoned professionals collaborates with wealth managers, CPAs, and legal advisors to provide seamless financial clarity. By automating routine tasks and offering consolidated reporting, we empower clients to focus on strategic decision-making. Our commitment to innovation, security, and client-centric service has earned us long-term trust, with many families relying on us for over 25 years. We pride ourselves on maintaining the highest standards of discretion, transparency, and reliability in every aspect of our work.
Services
Personal Bookkeeping
Entity Accounting
Investment Performance Reporting
Domestic Payroll Services
Customized Reporting
Medical Claims Processing
Statement of Assets
Document Storage
Family Office Consulting
Insurance Review
Details
- Year established: 1987
Highlights and features
- We combine proprietary technology with a high-touch service model for personalized financial administration.
- Our dedicated Relationship Managers ensure proactive resolution of financial administration needs.
- Decades of experience serving ultra-high-net-worth families and family offices.
- We maintain SOC 2-compliant cybersecurity protocols for data protection.
- Nationwide service with a proven track record of client retention exceeding 25 years.
Associations and certifications
- SOC 2
What people say
Saved me enormous time
Professional organization
Clear detailed reports
No security issues
Trusted for decades
Services
Personal Bookkeeping
Our Personal Bookkeeping and Billpay Service consolidates all financial transactions into comprehensive books, ensuring timely payments and detailed cash-flow reports. This service provides liquidity insights for informed spending decisions while reducing administrative burdens. Clients receive monthly spending schedules, quarterly cash-flow summaries, and year-end categorized expense reports tailored to complex financial lives.
Entity Accounting
Entity and Partnership Accounting manages financial reporting for trusts, family limited partnerships, and investment companies. We produce balance sheets, capital reports, and cash flow statements with customizable consolidation options. Our team handles complex structures like multi-tier entities and investment waterfalls, ensuring compliance with formation documents and providing tax advisors with accurate financial data.
Investment Reporting
Consolidated Investment Performance Reporting integrates marketable and non-marketable securities across trusts and brokerage accounts. We deliver allocation analyses, return benchmarks, and liquidity metrics to assess portfolio performance. Reports include unrealized vs. realized gains, asset class exposure, and correlation analytics to support strategic investment adjustments and tax preparation.
Family Office Consulting
Family Office Consulting designs tax-efficient structures for asset protection and operational effectiveness. We collaborate with top attorneys to document, execute, and manage family office administration. Services include cost modeling, governance frameworks, and implementation support to optimize tax efficiency and investment management for significant family wealth.
Domestic Payroll Services
Domestic Payroll Services ensure timely payment of household staff with tax compliance. We coordinate with CPAs to handle W-2s, quarterly filings, and year-end reports. This service simplifies payroll administration for staff across multiple residences while maintaining accurate records and regulatory adherence.
People
John Carey
Chief Executive Officer
John Carey joined Aquilance as CEO in 2024, bringing expertise in wealth management technology from roles at Envestnet and Accenture. He focuses on expanding proprietary solutions while maintaining white-glove service. John holds an MBA from New York University and prioritizes scaling infrastructure for HNW families.
Joe Farren
President
Joe Farren, President since 2008, transitioned from architecture to financial services, applying design thinking to solve complex problems. A registered architect with AIA membership, he emphasizes creative solutions for client needs. Joe joined Aquilance after 13 years at Lake Flato Architects and holds leadership roles in the firm.
Craig Setera
Chief Technology Officer
Craig Setera became CTO in 2024, leveraging 30 years of financial technology leadership. He previously led engineering teams at Envestnet and Harvest Savings, focusing on scalable solutions. With degrees in Computer Science from Minnesota State University and the University of Minnesota, Craig drives innovation in Aquilance's proprietary systems.
Kevin Reed
Chief Revenue Officer
Kevin Reed, CRO since 2024, has two decades of partnership-building experience at Morningstar and Merrill Lynch. He founded Morningstar's enterprise practice for strategic relationships and held leadership roles in private banking. Kevin serves on the Board of Directors for Feed My Starving Children and graduated from the University of Louisville.
Andrew Farren
Vice President, Partner
Andrew Farren, VP since 2001, upgraded Aquilance's systems to bank-level security and developed custom software. He focuses on cybersecurity and operational efficiency, participating in industry conferences. Andrew, son of co-founder Bill Farren, combines technical expertise with deep understanding of HNW family needs while enjoying golf and snowboarding.
Questions
Why did Aquilance change its name from My Accountant?
The rebrand reflects expanded services and technology enhancements while maintaining uninterrupted operations and core offerings since 1987.
What services does Aquilance provide for affluent families?
We offer personal bookkeeping, entity accounting, investment performance reporting, payroll services, and family office consulting tailored to complex financial needs.
How does Aquilance ensure data security?
We use SOC 2-compliant protocols, encrypted data storage, biometric access controls, and proprietary systems to protect client information.
Can Aquilance handle multi-entity financial reporting?
Yes, we manage accounting for trusts, partnerships, LLCs, and corporations with customizable consolidated or segmented reporting.
How are fees structured for Aquilance services?
Fees are determined by financial complexity during initial consultation, with transparent pricing and no commissions.
