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Nov 18, 2021

Transparency and data management for family offices

Data management and transparency go hand in hand. Family offices rely on quality data to maintain the level of transparency expected by clients and regulators alike. A golden data set is created by aggregating data from multiple sources and cleansing and normalizing it into a single source. Everything in the office should use this single source of data.

Nov 9, 2021

Balancing technology and personal interactions

The COVID-19 pandemic increased reliance on technology across the world, and the wealth management industry has been no exception. But as an industry where the human element creates so much value, it can be difficult to strike a balance between personal interactions and automated processes. Many firms turn to solutions that allow them to create differentiated client experiences while also serving clients efficiently at scale.

Jun 25, 2021

Scalability and efficiency for philanthropic and family office solutions

We recently spoke on the American Bankers Association podcast, and discussed philanthropic and family office solutions, and what features and tools fund managers need to be effective and efficient. Family offices need fully integrated account solutions that allow them to move away from disparate systems.

Dec 23, 2020

The 2020 Family Office Software Review from Simple

In this current environment of the COVID-19 pandemic, Family Offices that do not utilize outsource or co-source services have quickly determined they have a significant gap in their operations and reporting environment. Many Family Offices have realized their data is weeks or months stale. Readily available information is hard to pull together due to manual processes across multiple systems. Processes that have been maintained over the years due to legacy technology and workflows have been inherited by their current teams, with replication across teams proving to be complicated.

Jul 9, 2020

Transitioning from a registered investment advisor to a multi-family office

The decision to transform from a registered investment advisory (RIA) business to a multi-family office (MFO) can be challenging. On the one hand, an MFO typically has fewer, but more profitable, clients, but catering to the needs and expectations of ultra-wealthy families means some key differences from a traditional RIA.

May 11, 2020

Operational challenges faced by family offices in today’s COVID-19 environment

In this current environment of the COVID-19 pandemic, family offices that don’t outsource or co-source have quickly figured out they have a significant gap in their operations and reporting environment.  Many families have realized their data is weeks or months stale.  Readily available information is hard to pull together due to manual processes across multiple systems.  Processes that have been maintained over the years due to legacy models have been inherited by their current teams, with replication across teams proving to be complicated. 

Mar 10, 2020

Cybersecurity challenges for family offices: FWR Family Office Fintech Summit

Are family offices paying enough attention to cybersecurity, and do they approach the challenge with the right people and technology? Should the family office sector regard big cloud providers as a risk to mitigate against? These are some of the questions we plan to address at the upcoming the 5th Annual FWR Family Office Fintech Summit on Tuesday March, 17 in New York.

Jul 12, 2019

Challenges facing family offices: what is holding you back?

With at least 10,000 single-family offices in the world, half of which were formed in the last 15 years, family offices may feel like they struggle to keep with the pack. To keep pace with the increasingly complex and ever-changing tax, regulatory and accounting requirements, family offices must modernize their technology and operations.

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