Strategy
Webinar: Creating A Simpler World For Family Offices
How can technology and related solutions provide "clarity" for family offices out of an existing level of "complexity"? These and other questions were addressed recently by a panel of experts for a webinar hosted by this news service in conjunction with Ledgex, the US-based data solutions firm.
A panel of wealth industry experts recently discussed how
technology and operations should be handled better to cut through
the complexities that beset organizations such as family
offices.
Hosted by this news service in association with Ledgex, the
US-based data solutions firm, the panel had the title of
“Creating Clarity from Complexity: Making investment reporting
and accounting really work in a family wealth context.”
Speakers were Mike Perez, Oakbrook Solutions, the consultancy;
Roy Wheeler, Alkymi, (a tech firm that is part of the Ledgex
solution); Danielle Roseman, Truvvo Partners (the multi-family
office); Kaylyn Melia, Socius Family Office, an MFO; and
Nicole Eberhardt, chief executive of Ledgex. Stephen Harris, CEO,
ClearView Financial Media, publisher of Family Wealth
Report and WealthBriefing, moderated the
panel.
As the participants know, family offices often have to deal with
complex trusts and legal entity structures coupled with increased
data flows of various types and frequencies as investment
sophistication increases. This must often be managed by a small
team.
The panelists examined issues such as what are the most pressing
challenges for family offices and for clients handling data; what
are clients asking of technology firms; why is data getting more
complex; what solutions are contemplated and are firms more
inclined to outsource or go in-house? The panelists also, among
other topics, explored the decision-making process and lessons to
be learned from recent experience.
The discussion was another example of how this news service is
able to examine the finer details of wealth management operations
and, hopefully, to provide actionable ideas to readers. Thanks go
to those who took part and supported this webinar.