Family Office Technology Hub cover image

Family Office Technology Hub

Streamlining Family Office Tech: Insights from RockIt and AltExchange (30min Excerpt from Full 1-Hour Episode)

Dec 24, 2024
Alan Perl, Director of Client Service and Business Development at Fi-Tek Wealth Solutions, discusses the innovative technology platforms transforming family offices. He delves into RockIt Command's origins with the Rockefellers and its evolution post-acquisition. The conversation also explores AltExchange's recent acquisition by iCapital, enhancing data management capabilities. Key topics include the challenges of implementing modular technologies and the importance of collaboration in optimizing financial reporting and operational efficiency.
34:27
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Episode guests

Alan Perl

Podcast summary created with Snipd AI

Quick takeaways

  • Rocket Command, developed for family office needs, offers comprehensive financial and operational solutions that have evolved to serve diverse clients.
  • AltExchange enhances investment reporting for family offices by ensuring data interoperability and standardization, improving client control and decision-making.

Deep dives

Innovative Solutions for Family Offices

The discussion focuses on the advanced technology platforms tailored for family offices, with a particular emphasis on Rocket Command, developed by the Rockefellers to meet complex, multi-generational needs. Rocket Command offers integrated services, addressing essential facets like financials, tax management, and performance accounting, providing a comprehensive solution for affluent families. Alan Pearl explains that since its inception, the platform has evolved to assist not only Rockefeller family members but also external clients from various sectors like trusts and RIAs, highlighting its modular approach to cater to diverse client requirements. The integration capabilities position Rocket Command as a flexible solution, allowing customization while ensuring operational efficiency.

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