Articles

What a Good Business Manager Does for You (and Why It Matters)

Key Takeaways:

  • Business managers coordinate every financial detail of your personal and professional life, far beyond bookkeeping, bill paying, and taxes.
  • A strong business management team handles daily logistics and staff, supports major purchases and sales, coordinates with your other advisors, and helps protect your assets. 
  • You gain peace of mind knowing someone is behind the scenes keeping your financial world running smoothly. 

If you work in entertainment, your financial life moves fast. New projects, new income streams, new obligations, and major personal and financial decisions often seem to hit all at once. When you think about business management, you might picture bill payments or tax filings. And yes, those matter. But that only scratches the surface of what a business manager can do for you. 

In essence, your business manager acts as your financial quarterback. You get a single point of contact who understands your full picture and knows which professionals to bring in, when to take action, and how every decision connects to your long-term plans. 

Here’s what that support looks like in practice — and why it brings real value to your busy life. 

7 Ways a Business Manager Protects Your Money, Time, and Privacy

Here are the key ways a strong business management team supports your life and career:

1. One Team Managing Your Entire Financial Life

Your work, your personal life, and your opportunities are all connected. A strong business management team keeps those pieces moving in sync. For example, when you form a loan-out corporation or any type of entity, your business manager advises you on structure, makes sure the paperwork is filed, sets up the bookkeeping, and coordinates with your tax team so everything stays aligned.

When a new income stream hits (whether it’s a film, touring contract, or licensing deal), your team tracks every payment, reviews the contract terms, and follows up if something doesn’t look right. You don’t need to worry about whether the right amount arrived or whether anything was missed, your business manager handles that.

2. Comprehensive Insurance Coordination

Most people don’t have time to audit their insurance coverage, and many don’t realize they have gaps until something goes wrong. That’s why insurance is one of the first areas we review when we onboard a new client.

We work with specialized brokers to evaluate the coverage on your home, auto, valuables, life, and health. If you buy a significant item — a watch, artwork, fine jewelry — we coordinate with the broker to add it to your policy. If your insurer requires a leak detector or other safety feature to maintain coverage, we schedule the vendor, align timing with your renovation plans, and manage the process.

These details might seem small, but they protect you from severe financial loss.

3. Experienced Guidance for Major Purchases and Sales

Major purchases, such as real estate, cars, boats, and planes, come with layers of decisions. What’s the best entity to hold the asset? What inspections should be done before closing? A business manager helps you navigate the process with clarity. When you want to buy or sell a property, your team reviews budgets, coordinates with your real estate attorney, keeps track of closing timelines, and manages payments.

If you’re leasing a car, we reach out to our auto professional, review contract terms, and monitor the process so you’re not stuck in back-and-forth negotiations or last-minute surprises. You just choose the car you want, and we have it delivered to your home. And for larger assets, like a boat or plane, we coordinate with the professionals needed to complete the transaction safely and correctly.

4. Day-to-Day Support That Frees Up Your Time

Many of the tasks that are necessary to keep your life running smoothly are not glamorous: fixing gates, scheduling contractors, coordinating with household staff, managing payroll for nannies, or tracking home renovation budgets. Your business manager handles those tasks, so your day stays on track.

If you’re renovating a home, we work with your general contractor or project manager, track every change order, and monitor spending. If you employ household staff, we coordinate with placement agencies, help you find candidates, and manage payroll once they’re hired.

This level of support returns valuable hours to your schedule.

Diagram explaining three different ways a business manager can assist with your financial needs.

5. Privacy and Asset Protection Through Smart Trust Planning

For high-profile clients, privacy is not optional. As business managers, we coordinate with your estate planning attorney to form trusts to hold real estate and other assets, and we often act as trustee. This keeps your name out of public records and adds a layer of security around your holdings.

In some cases, we are named as trustee or successor trustee for additional trusts. We view this responsibility with the seriousness it deserves. When clients place this level of trust in us, we respond with clear oversight, organized processes, and steady attention to detail.

6. Your First Call for Every Financial Decision

Most clients reach out to us before they call anyone else. When something happens — a new job, a contract question, an unexpected issue at home, a financial concern — we take the call, listen carefully, assess the situation, and bring in the right experts.

That includes discussing contracts with your entertainment attorney, connecting you with financial advisors to review your investment mix, and hiring international accountants when your work takes you abroad. For example, if you film in the UK and taxes are withheld on your gross income, we engage a UK accountant to file a tax return. That allows you to claim deductions and potentially reduce the tax paid, something many clients don’t expect but greatly appreciate once they see the result.

7. Peace of Mind Through a Fully Integrated Team

Behind the scenes, your business management team includes a partner, supervisor, account manager, bookkeepers, and tax professionals, all aligned around your financial life. Over time, you enjoy the benefits: fewer surprises, more organization, and a consistent team coordinating every detail.

When your business manager acts as your financial quarterback, you get a level of stability and clarity that lets you focus on your craft while feeling confident that the details are handled.

Ready to Simplify Your Financial Life?

Our Business Management team supports artists, creators, entertainers, athletes, and high-net-worth families with hands-on financial coordination, entity guidance, asset protection, tax planning, and day-to-day support. We tailor every service to your lifestyle, goals, and career demands so your financial life stays organized and future-ready.

Reach out to our team today to learn how we can support you.