Is Tech Helping Family Offices Thrive

The growth of ultra high net worth individuals and Family Offices has been strong, and those with the financial technology to handle greater portfolio complexity have a bright future. However, family offices lacking capabilities to effectively preserve family wealth amidst today’s market volatility are at risk of missing opportunities and being kept from more strategic work due to manual processes. The use of technology can ease the burden of portfolio complexity, allowing family offices to cull data for insights that will support timelier, more powerful decision making while enabling staff to accomplish more with less. An emerging class of purpose-built technology is allowing family offices to work the intrinsic characteristics of investment data, providing savings, empowering staff to do more with less, and delivering performance-enhancing data. With the right technology foundation, savvy family offices can successfully serve families better and preserve wealth while cementing their own future viability.

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