Next-gen family members expect to check portfolio results on a phone and trust what they see. They want to filter by entity, know partner capital balances, and see how much cash is available today without waiting for a monthly packet. They need clear views of upcoming capital calls and planned distributions, with look-through across partnerships…
How Do Family Offices Work
How the Ultra-Wealthy Manage Their Fortune Family offices are private wealth management firms that cater to the specific needs of ultra-high-net-worth individuals and families. A family office is a private wealth management firm built to serve a single ultra-high-net-worth family or a small group of families, and you feel the difference the moment you step…
Migrate from Legacy System with Confidence
Family offices migrating from legacy systems frequently encounter a predictable pattern of disruptions, according to industry reports. Onboarding begins with defined timelines and scopes, but often spirals as new data fields emerge, mappings shift unexpectedly, and historical records arrive incomplete, requiring extensive manual corrections. Support tickets remain open for weeks, prompting teams to rely on…
Don’t Get Caught Flat-Footed When Key Personnel Are Out
Family offices are running lean back offices while entity structures and cross-border obligations grow more complex. Critical workflows, such as look-through consolidation, multi-currency close, capital activity allocation, and tax workpaper preparation, are concentrated in a few senior operators. When one of them is unavailable, throughput drops, reporting timelines slip, and ad hoc outsourcing fills gaps…
Late GP Statements Hold Up Family Office Books
The quarter closed three weeks ago. Your principals want an updated allocation view before the next investment committee call. On your screen sit twelve PDFs from ten managers, eight layouts, four currencies, and a blinking cursor waiting for numbers that still aren’t final. Capital account statements trickle in on the GP’s schedule, not yours. One…
Family Office Leaks Start With Small, Ordinary Choices
Your family office earns its keep by keeping quiet things quiet. When growth races ahead of the basics, a shared password or a hurried vendor setup can undo years of trust. It’s important to know when it’s time take steps to bring security debt back in line with the way you run the business. Security…
Family Offices Delay Back Office Upgrades Over Onboarding Headaches
Guide to Selecting Fund Administration Accounting Software
Disruptive technology provides both opportunities and challenges. Opportunities to upend old, and perhaps tedious and cumbersome practices. Challenges in that if you don’t keep up, you get left behind. This carries over even into the field of accounting – especially software. Staying out in front of the pack requires a deeper look at the available…
Family Office API Integrations Can Be a Nightmare!
Custody integrations are where many family-office stacks stall. The “API” often arrives as a toolkit that needs custom mapping and weeks of testing before it moves a single position, so budgets creep while you keep the book current with CSV fallbacks. When the feed finally goes live, cancel-and-corrects post as new events and cash duplicates,…
