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…
Data Storage and Scalability for Small Businesses
A Comprehensive Guide Data is essential for any business, regardless of size. But as enterprises grow, so does the need for data storage and scalability for small businesses. And if you’re not careful, your data storage costs can quickly spiral out of control. That’s where scalable data storage comes in. Scalable data storage solutions can…
Data Privacy and Compliance
A Handbook for Family Offices In today’s digital age, data privacy is more important than ever before, especially for family offices, which manage the financial and personal affairs of wealthy families. Family offices collect and store a vast amount of sensitive data, including financial information, personal identification information, and medical records. This data is a…
Data Storytelling
The Power to Communicate Complex Ideas in a Clear and Concise Way When one hears the term “data analysis,” one may picture sorting through spreadsheets, using algorithms, and doing arithmetic calculations; these are the “hard skills” that come with the job. However, without matching soft abilities, these hard skills are useless. It is not enough…
