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Family Advisory & Trusts

We craft custom-made solutions that address the intricate financial, governance, and legacy needs of you and your family—built for lasting prosperity. 

One integrated approach

For founders, entrepreneurs, and owners of successful businesses, the value creation of your business is equally important to how that value creation supports your individual and family goals and objectives. Our team of in-house specialists work alongside Flagstar’s banking, lending, and investments teams—including Flagstar Commercial and Private Bank and Flagstar Securities—to develop fully integrated plans for effective investment stewardship, intergenerational planning, sophisticated advice, and purposeful vision.

Credentials that matter

Long-term partnership

We take the time to understand your family's full picture—your business, your aspirations for the next generation, and the legacy you want to build. That depth of understanding allows us to anticipate needs, identify opportunities, and offer counsel that extends well beyond quarterly reviews. We are with you, and your family, for the long haul.

Multidisciplinary team

Our integrated team of attorneys, CFP® professionals, and related specialists is not a referral network. It is a purpose-built group of in-house wealth and financial planners working together, hand-in-glove with your Flagstar team, all together under one roof, on your behalf.

Coordinated expertise

When your Flagstar team works directly with your legal and tax advisors, the result is a more coordinated, efficient planning process and greater peace of mind. Estate documents align with tax strategies. Investment decisions reflect legal structures. Business succession goals integrate with wealth transfer plans. Nothing falls through the cracks.

Preserving your legacy for today, tomorrow, and forever 

At Flagstar Private Bank, we begin every relationship with a plan: our team of experts take the time to understand you and your family, your unique values and vision, and your financial goals—both short and long term. Our advice is coordinated with banking, lending, and investment teams across Flagstar. Together, we bring the full strength of Flagstar Bank directly to you at every stage of your journey.

Business succession & ownership planning

Transitioning a business is one of the most consequential decisions a family can face. We help owners navigate the full arc of business succession, from structuring ownership transfers and buy-sell agreements to aligning business goals with broader family wealth objectives, so that what you've built endures well beyond your leadership.

Cash flow & financial planning

Disciplined financial clarity is key for emerging wealth and complex family wealth structures alike. Our planning helps provide full visibility into your overall financial picture. We develop personal balance sheets and integrated cash flow analyses which support confident decision-making and help balance your lifestyle and legacy goals. Where the personal balance sheet includes investment portfolios, strategic and tactical investment advice and execution is provided by Flagstar Securities.

Advanced tax planning strategies

Significant wealth demands sophisticated tax planning. Our advisors work seamlessly with your legal and tax advisors to proactively help optimize your tax landscape across income, estate, and generation-skipping transfer taxes to help you keep more of what matters most.

Estate planning & wealth transfer

A thoughtful estate strategy is a blueprint for your family's future. We work alongside your legal and tax advisors to design and implement comprehensive estate plans that reflect your goals and wishes. Together, we help minimize friction across generations and ensure your wealth transfer strategy aligns with your values and long-term vision.

Insurance planning & risk management

Protecting substantial wealth requires more than conventional coverage. We evaluate your overall risk profile and, by coordinating through Flagstar Insurance, help you identify life, liability, and specialty insurance solutions that serve as cornerstones of a resilient, long-term financial plan.

Pre & post-liquidity planning

The decisions made in advance of a liquidity event may carry lasting consequences. We provide strategic guidance before, during, and after transactions to help you optimize outcomes, manage tax implications, and redeploy capital in alignment with your long-term vision.

Family office services

For families of significant wealth, we offer a coordinated family office advisory approach consolidating financial oversight, governance, reporting, and advisory services under one trusted relationship. This holistic model ensures every element of your financial life works in concert; with the continuity and sophistication your family deserves.

Philanthropic advisory

We help you give with intention, structuring charitable strategies and vehicles that amplify your impact and reflect your values across generations.

Alignment, stability, and a shared purpose

Work with a dedicated team that has an in-depth understanding of your financial goals. Our single point of contact culture prioritizes tailored responsiveness and personalized lending and banking solutions to meet your unique needs.

Our client-centric approach

Explore our single point of contact culture.

About Private Bank

A legacy of personalized client service.

How to get started

Let's explore the possibilities together.

Outlook and Insights

Double jeopardy

Flagstar Private bank star

Brett Mitstifer, CFA
Flagstar Chief Investment Officer

"Double jeopardy is a legal protection that prevents the government from prosecuting or punishing a person more than once for the same offense. The concept is rooted in fairness: once the state has had its opportunity to make its case, it should not be able to use its superior power to keep pressing until it achieves the desired result."

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The New York Pied-à-Terre Tax

Flagstar Private bank star

Carly Doshi
EVP, Head of Flagstar Family Advisory and Trust

"Designed to help close New York City’s budget deficit, the tax targets second homes and other non-primary residences by adding a surcharge onto existing property taxes on applicable high-value properties. Because the pied-à-terre tax is widely expected to face litigation, affected clients should monitor developments closely."

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The Silver Lining of Market Volatility

Picture of Carly Doshi

Carly Doshi
EVP, Head of Flagstar Family Advisory and Trust

"For savvy investors, volatility is a silver lining—a moment to strengthen long-term plans, enhance tax efficiency, and accelerate the transfer of wealth across generations."

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Cyber Risk & Cyber Insurance

Flagstar Private bank star

Irene Bowers
Head of Insurance

"Cyber risk is no longer limited to technology departments or large corporations. It has become a financial, operational, reputational, and strategic risk affecting organizations of every size and individuals across every segment of wealth."

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Estate Planning in the Age of Permanence

Picture of Carly Doshi

Carly Doshi
EVP, Head of Flagstar Family Advisory and Trust

"The OBBBA brought permanent estate tax rules and a $15 million exemption. For wealthy families, this is a moment of clarity and opportunity."

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The Power of Equanimity: Navigating Volatile Markets with Composure

Picture of Brett Mitstifer

Brett Mitstifer, CFA
Flagstar Chief Investment Officer

"The quarter began with investors still processing the economic and inflationary fallout from the Iran War, the blockade of the Strait of Hormuz, and the risk that energy prices could force the Federal Reserve into a more restrictive stance. History reminds us that uncertainty rarely lasts forever—but the opportunities it creates often do." 

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Let’s build together

Family Advisory & Trusts provides holistic advice for businesses and business owners: from addressing tactical cash flow questions to addressing your family's long-term wealth planning needs. Together we can develop a strategic partnership that grows with your family, supports your goals, and delivers lasting value. To get started, contact your local Flagstar Private Bank team. 

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Insurance products are offered through licensed agents of Flagstar Insurance Agency, Inc. and may also be offered in conjunction with Flagstar Securities, Inc. Flagstar Insurance Agency, Inc and Flagstar Securities, Inc. are wholly owned subsidiaries of Flagstar Bank, N.A. Flagstar Securities, Inc., Member FINRA/SIPC, is a registered broker-dealer, registered investment advisor and licensed insurance agency. Flagstar Bank, N.A. is not registered as a broker dealer or investment advisor.

 

Securities and Insurance products offered are: Not Insured By The FDIC Or Any Other Government Agency | May Lose Value | Not Bank Guaranteed | Not Bank Deposits Or Obligations