Technology within the family office and wealth management industry is changing rapidly. Software applications are changing how we will work and are delivering new ways to implement and integrate reporting, communication, and aggregation. Suppliers are learning from each other and teaching us how to approach and apply newer technologies. Take a glimpse into the future of family office technologies and ecosystems.
Technology Integration
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More family offices are embracing emerging technologies to optimize their operations and prepare for future opportunities; however, success hinges on establishing a clear future-state vision, documenting business requirements, assembling the right team of people, and implementing the right technology solutions at the right time. It’s a digital transformation that uses a holistic approach to encourage stakeholder engagement and bring operational efficiencies and lasting value to the organization.
Is Your Family Office Reaching Its Full Potential?
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Family offices continue to be the preferred way for ultra-high net worth individuals and families to manage assets and to support the goals and legacy of their family. But with more than 14,000 family offices across the globe facing new challenges and complexities, raising concerns about whether their operating model is providing the transparency and efficiency needed to be successful today while being flexible for tomorrow.
Using Technology to Elevate Client Engagement and Experience | 2023 FOX Technology Showcase
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Meeting client needs has always been core to family offices and financial institutions serving ultra-high-net-worth families. But what if you could augment your operations to better serve your end-clients? Join SEI for an open dialogue that focuses on how leveraging technology, human connection, and scalable processes can help enhance the client experience and increase engagement with end-clients.
2023 Technology in the Family Offices Study
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In 2022, FOX and Fondazione AIS conducted a research study on technology in family offices. This report details findings on technology usage and needs for the family office.
There’s a surging demand for smarter solutions across every aspect of business. And digital transformation promises results in the face of economic pressures and budget cuts. While there may be many ways to approach and resolve individual challenges, effective transformation integrates solutions into a dynamic infrastructure that also aligns with overall goals and existing transformational initiatives. Even small technology solutions can have a big impact for an organization.
2023 FOX Foresight - The New Era of Family Wealth
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Some trends move slowly until they reach a point of inflection, at which time they seem to accelerate at almost blinding speed. So it has been for the rapid emergence of The New Era of Family Wealth. The departure from the past has been driven by four trends (transitions, talent, technology, and time) introduced by FOX in January of 2022. As these four trends have continued to persist, they have now become the transformative force behind this New Era.
2023 FOX Foresight - Data is King
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How will technology look and feel when any user of a platform can independently decide what it is they see? Will everyone’s experience be so unique that the platform really becomes a map to the creative side of a non-creative and fact-based world? Learn how today’s data environments will soon become a representation of how and what families and advisors envision as their single source of truth.
Addepar’s Head of Research Ashby Monk and Head of Research Analytics Dan Golosovker are part of a larger team at Addepar dedicated to improving client investment and financial decision-making through data, analytics and technology. In this session, you’ll learn how family offices increasingly rely on our technology and data today to proactively manage their portfolios and risk. We’re also helping family offices model and analyze future portfolio outcomes under various market conditions with our Navigator tool.
It is no secret that family office operations are changing. To stay relevant, family offices must evolve—and they need technology that can support them in this evolution. Specifically, offices need a platform based on a single source of data, and they need a data model that uniquely accommodates the complexity of the family’s “world.” It is only with the right technology platform and infrastructure that family offices can reach their full potential and contribute the highest level of service to their families.