In recent years, a growing number of niche entrants have emerged, providing highly specialized solutions to address gaps in the broader market. These tools are designed to provide point-solutions around everything from very specific dashboards, building and maintaining structures, or tooling that handles process and workflows. Starting with a clear purpose, we help plan for continued family involvement over the coming generations and build solid, innovative businesses. Our team and network of independent advisors deliver family office solutions while our knowledge platform and family office jobs portal provide a practical resource for the family office community.

1. Altoo is a Swiss wealth management platform offering consolidated wealth data aggregation, performance reporting, and risk management.
2. And the bigger the spreadsheet, the less overview does it give you, the higher the risk of making errors, and the more time you spend maintaining it.
3. It offers secure data aggregation and workflow automation, helping streamline payment processes and ensure financial data integrity.
4. Family offices receive data in different formats from various suppliers, which makes it challenging to bring all the information into one place accurately, timely, and securely.
5. Sage Intacct offers cloud-based accounting solutions for family offices, providing automation tools for financial reporting, multi-entity accounting, and compliance.
6. By leading in the security space, they offer family offices peace of mind when it comes to protecting their clients’ wealth and personal information from increasingly sophisticated cyber threats.

It can manage all financial instruments (listed and OTC), private equity, and alternative investments. It’s helpful to work with trusted advisers and specialist firms when choosing accounting software. Ultimately, the goal is to make your family office the central hub for service providers, ensuring that technology enhances efficiency and decision-making processes.

UK-based Landytech’s helps family offices use data aggregation and analytics to make informed investment decisions. The platform, Sesame, also offers portfolio management, cashflow management, and reporting features. AtlasFive® is a fully integrated, cloud-native AI-driven platform that offers a transformative solution to the challenges faced by Registered Investment Advisors (RIAs).

AI In Family Offices Going from

Their platform prioritizes luxury, security, and control, ensuring families have the tools to navigate their financial landscape. FundCount offers accounting and investment analysis software for family offices, supporting multi-asset class portfolios with integrated accounting, reporting, and data aggregation tools. It streamlines financial management with features like partnership accounting and comprehensive reporting. WMS Technology provides wealth management solutions for family offices, focusing on portfolio updates, risk management, and client reporting. The platform integrates real-time data from market providers and offers automated tools for compliance management and order submission. Trusted by more than 400 wealthy families, SEI’s Archway PlatformSM helps single family offices and multi-family offices streamline their core accounting, investment and reporting operations.

Secure central document vault

Drawing on insights from Simple’s experts and online research surveys, it suggests actionable tips and proven methods to navigate the recruitment process. With the purpose of providing an overview of the landscape, it covers all the basics, starting from identifying specific talent needs to implementing effective onboarding and retention strategies. This guide to family office service design explores the essential elements of design thinking for family offices, offering a comprehensive approach to enhancing their efficiency and impact. Once you’ve pinpointed the areas needing small business taxes and management improvement, you can better evaluate the options that suit your unique requirements.

A Shift Towards Private Markets

This shift reflects a more active investment approach for family offices, but it also brings challenges such as liquidity, for which new solutions are emerging. Performativ provides cloud-based performance measurement and reporting solutions for family offices and institutional investors. The platform offers a range of analytics tools to track asset performance and optimise portfolio strategies, enhancing operational efficiency. ORCA provides family offices with an advanced platform for managing tax, legal, and compliance workflows, complementing their existing accounting and reporting solutions. It offers automated structure chart creation, legal entity management, and regulatory reporting features, all designed to simplify the everyday tasks. Prismatic offers a cloud accounting platform tailored to family offices, providing advanced financial management tools.

Create Multi-Level Budgets

Eton Solutions provides an integrated wealth management platform designed for family offices. It consolidates accounting, investment reporting, transaction processing, and document management into one secure system. With its latest AI-driven solutions, the platform offers advanced data processing and automation, enhancing operational efficiency and reducing manual workloads. Eton also integrates services like bill pay, tax preparation, and document management, offering real-time visibility into total family wealth. Addepar is a wealth management platform that helps family offices simplify complexity by centralising data from multiple assets, including bankable assets, private equity, real estate, and cryptocurrencies. It offers customisable reporting, portfolio analysis, and data aggregation, helping clients make informed decisions with greater transparency.