Enhanced Deal Evaluation in Family Offices Family offices who have yet to implement technology into their existing operation are faced with a multitude of challenges including increased accounting and reporting complexity, data security, generational change, keeping pace with technology, and scaling staff resources. This poses a significant issue for family office and asset management executives…
Family Office Reporting and Accounting Requirements
Software that meets Reporting Objectives Family offices oversee family money, with the ultimate goal of growing assets and meeting their financial requirements in the short and long term. To accomplish this, family offices must keep accurate financial and accounting records and generate reports for both official uses, such as taxes, and for internal use, such…
What is the Difference Between a Single and Multi-Family Office?
And What do those Differences Mean for You? A family office is a private wealth management advice firm that works with ultra-high-net-worth people (HNWI) who have a net worth of more than $250 million. Unlike traditional wealth management firms, family offices provide a complete solution for managing an affluent individual’s or family’s financial and investing…
SPV Investment: A Beginner’s Guide
A special purpose vehicle (SPV), sometimes known as a special purpose entity (SPE), is a subsidiary established by a parent business to protect itself from financial risk. It is a separate entity with its own assets and responsibilities, as well as a separate legal status. An SPV’s legal standing as a distinct company ensures that…
Maximizing Returns: Investment Clubs and Stock Trading Groups
An investment club, or a stock trading group is a group of people who pool their money and invest in the stock market for the benefit of the entire group. Investment clubs typically establish a legal structure, such as a partnership or a limited liability corporation (LLC), and create a brokerage account in the club’s…
What is Decentralized Finance (DeFi)?
Bitcoin was founded in 2009, and it spawned a vibrant industry. This business, which is based on bitcoin and blockchain technology. It has several niches in which companies build solutions for diverse use cases. The decentralized finance (DeFi) sector is one such specialty. DeFi was established to provide an alternative to traditional financial services. It…
FundCount for Small Family Offices vs. Quicken, QuickBooks, etc.
FundCount provides a less expensive version of its software solution to small family offices and high net worth individuals (HNWI) as an alternative to out-of-the-box accounting systems like QuickBooks, Excel, and others. This article contrasts FundCount with traditional accounting systems and takes a look at some of the advantages it provides to small family offices….
Investment Management 2.0
How AI is Disrupting the Industry Back-office operations have long been used by asset managers to increase revenue. Because of the advent of passive investing and regulatory restraints, it is now more important than ever to shift the back office from a cost center to a profit center. Furthermore, when investment costs fall, asset managers…
Family Office Succession Planning
For four seasons, HBO’s “Succession” has captivated fans with the Roy family’s darkly comedic yet tragic power struggles, betrayals, and fighting. Even at its most ridiculous, the show is a startlingly accurate depiction of what succession can do to a family office. From the standpoint of a family business, the reason why this show is…
