Despite glossy demos from vendors, 80% of family offices still rely on linked spreadsheets for valuations and capital-call tracking. Excel remains predominant in the wealth management industry Excel is still running the back office for almost everyone in private capital. The exact numbers shift by segment, but most are anywhere close to being done with…
Combining Your Core Fund Administration Systems
If your firm has been operating for years, you have probably added systems as you grew. Each new mandate brought another tool. Today you may run credit in Geneva and private equity in Investran or Allvue. Or, maybe you’re still doing it with spreadsheets. Because you’re working with multiple platforms, at the end of the…
Capital Accounts and Cash Visibility at Your Fingertips
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…
