Diversification, Technology, and Youth Drive the Trend into 2024 In 2023, while economic uncertainty continued to weigh on traditional asset classes, alternative asset classes continued to explode globally in popularity. The most notable increase in allocation came from Gen Z investors, who joined family offices and institutional investors in the pursuit of reducing volatility, increasing…
Navigating the Complexities of Family Office Management
An Eye on Growth and Wealth Preservation Navigating the complexities of family office management can be a daunting task for high-net-worth families, leaving them feeling overwhelmed and uncertain about the future of their hard-earned assets. The intricate web of investment strategies, tax regulations, and estate planning decisions can be overwhelming, often leaving families feeling lost…
Harnessing Family Office Resources
A Deep Dive into Essential Features Family offices strive tirelessly to safeguard and nurture fortunes built across decades and legacies. As inescapable change and progress courses through the financial landscape, these guardians of affluence face a crucial question: how can they best leverage the family office resources at their disposal to navigate the complexities of…
The Data-Driven Decision Making Landscape
How Financial Firms Embrace Data-Driven Decision Making (DDDM) Picture this: you’re a seasoned money manager, a veteran of the financial world, armed with years of experience and a razor-sharp intuition. You’ve made your mark in the industry, consistently steering your client portfolios towards success. However, as you scan the industry horizon and look at current…
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. So, how to answer the question ‘How do family offices work?’ Unlike traditional wealth management firms that serve a broader clientele, family offices offer a comprehensive suite of services tailored to…
Garbage In, Garbage Out: Bad Financial Data Ruins Presentation
The Importance of a Single Silo for Financial Data Analysis and Reporting Data is a piece of information which captures the state that a business, a process, or a person finds themselves in at a given point in time. Although data by its nature is backward-looking, it has consequences that shape the future. Even the…
Data Silos: What They Are and How to Avoid Them
How Data Silos Hinder Analysis and Reporting in the Back-Office and Client Reporting Data silos are collections of data that are isolated from other data within an organization. They can occur when different departments or teams use different data systems, or when data is stored in different formats. Data silos can make it difficult to…
Accounting Solutions
A Comprehensive Guide to Streamlining Your Business Finances As a family office manager or fund administrator, you know the importance of having a reliable and efficient portfolio accounting system. But if you’re still using a legacy system, you’re probably facing some challenges that have you thinking about new accounting solutions for your organization. Legacy systems…
Legacy Systems: Is it Time for an Upgrade?
Assessing the Need for Modernization in the Digital Age Three words that are sure to give CTOs sleepless nights are legacy system modernization. Most businesses are still using software solutions that are well past their sell-by date. Furthermore, these monolithic systems have become increasingly obsolete due to a lack of vendor support. So, what do you…
