Family Office Technology Hub Streamlining Family Office Tech: Insights from RockIt and AltExchange (30min Excerpt from Full 1-Hour Episode)
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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.
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RockIt Origin
- Rockefeller family needed a solution to manage complex, multi-generational needs.
- They built RockIt Command in-house in 1999, then opened it to the market in 2006.
Fi-Tek Integration
- RockIt Command integrates with other Fi-Tek platforms like HedgeTec and Global Wealth.
- This creates a unified solution serving various wealth levels and needs.
Implementation Advice
- Dedicate ample time and resources to the implementation process.
- Data organization significantly impacts implementation timelines.