Family Office Technology Hub

Full Episode is available on our members podcast: ⁠⁠⁠Listen Here⁠⁠⁠A live panel from our November 2024 Virtual Tech & Ops Conference featuring three Single Family Offices sharing how they’ve successfully integrated their tech stacks to support both investment and finance teams—without compromise. This session explores current tech trends, lessons learned, and strategies for maximizing system performance.The panel features:Moderator: Theresa Clarkson, Solutions Architect, InfoGrate Wealth.• Danielle Klimek, Controller, Marron Capital• Brad Sacks, President, BS Global Investments• Jake Beinecke, VP, Antaeus Enterprises, Inc.See a detailed discussion summary here. Join our network: ⁠⁠FOTechHub.com⁠

Link to the full episode:⁠⁠⁠ Listen Here⁠⁠⁠Detailed show summary available on the ⁠Episode PageInterview Date: February 25, 2025Moderator: Paul Freeland (Partner, Family Enterprise, PwC US)Guests:Alex Lee – Co-Founder & CEO, TruewindGareth Hewitt – CEO, LemonEdgeAbout the ModeratorPaul Freeland is a Family Enterprise Partner at PwC with over 25 years of experience in the fintech industry. He leads PwC's Wealth Compass managed service, focusing on the technology and reporting needs of family offices and ultra-high-net-worth individuals. Paul specializes in long-term planning, asset aggregation, and partnership administration for family investment pools.Truewind, based in San Francisco, develops an AI-powered accounting platform that automates routine tasks and streamlines monthly close processes with top-tier data security. Its AI agents handle data categorization, documentation, and client follow-ups, freeing accountants to focus on strategic work.Trusted by firms like EisnerAmper and fast-growing companies such as Wefunder and Mozart Data, Truewind is backed by industry leaders including Thomson Reuters Ventures, Y Combinator, and Fin Capital.LemonEdge is a next-generation fund accounting, management and reporting software for private markets. Our state-of-the-art accounting engine is purpose-built for private markets firms battling complexity and searching for efficiency. With event-driven transactions, multi-ledger management and process automation, it makes the complex, simple and the time-consuming, efficient. Say goodbye to multi-entry, multi-ledger bookkeeping and countless offline processes and hello to the future of fund accounting.Join us for our monthly live Tech-NEW-logy sessions: FOTechHub.com. For questions or connections, email us at info@fotechhub.com.CORRECTION: FOTechHub Demo Day is scheduled for Tuesday, 20 May (registration will be available soon on our website).

In a thought-provoking conversation, Kirby Rosplock, CEO and Founder of Tamarind Learning, shares her insights on wealth education for affluent adults. She discusses the importance of financial literacy, estate planning, and trusts, highlighting how tailored educational resources can empower families to manage their legacies. The chat also touches on the value of community learning and how technology enhances philanthropic efforts, ultimately guiding families through complex financial decisions while preparing future generations for responsible wealth stewardship.

Discover how digitization is revolutionizing private investments for family offices and ultra-high-net-worth advisors. The discussion reveals AI's pivotal role in enhancing investment management and accessibility. Experts delve into the complexities of evolving fund structures and the rising trend of semi-liquid funds. Learn how technology streamlines investments, helping general partners optimize efficiency and navigate the changing financial landscape. This engaging panel highlights the balance between innovation and the need for human oversight in an increasingly tech-driven world.

In this insightful discussion, Patty Esslinger, VP & Head of Product at Trove Family Office, shares her expertise on the importance of a strategic roadmap for vendor selection and long-term tech planning. Neil Shapiro, Head of Family Office Practice at TAG Associates, offers fascinating case studies on successful tech stack implementations, balancing innovation with budget constraints. The guests emphasize navigating legacy systems and the critical role of cybersecurity in sustaining technology investments.

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.

A panel dives into how family offices can leverage AI, emphasizing transformative use cases and strategies for implementation. The discussion highlights the evolution from traditional machine learning to generative AI, addressing vital security concerns around data privacy. Panelists share insights on integrating proprietary data with AI, the efficiency improvements in managing financial documents, and the contrasting benefits of cloud versus on-premises solutions. The conversation underscores the growing importance of AI in various operational areas, from project management to investment decisions.

Shaun Parkin, founder of Hall Road Investments, hosts a lively discussion with Charlie Brown from Private Wealth Systems and Haik Sahakyan from Arqa AI. They delve into the fascinating world of family office technology, highlighting the challenges of data integration and the innovative use of AI to automate reporting processes. You'll learn about the importance of data accuracy, the role of advanced analytics in decision-making, and how evolving tools are reshaping investment management. Their insights offer a glimpse into the future of wealth tech!

In this insightful discussion, Chris Pierson, CEO of BlackCloak, tackles the pressing issue of cybersecurity for high net worth families, especially after the CrowdStrike incident. Michael Sikorsky of Copia offers innovative portfolio management solutions, emphasizing the blend of speed and security. From Abacus, Paul Ponzeka shares how specialized IT services can safeguard family offices. The trio highlights the growing need for multi-layered cybersecurity strategies, tailored technological solutions, and the importance of robust response plans in today’s uncertain digital landscape.

David Sun, a cybersecurity expert with 25 years of experience at CohnReznick, and Annmarie Giblin, a partner at Norton Rose Fulbright specializing in cybersecurity law, discuss the alarming evolution of ransomware attacks. They highlight legal requirements for incident reporting and the importance of proactive cybersecurity measures like multi-factor authentication. The conversation also delves into the intricacies of cyber insurance, exploring coverage options and limitations. Ultimately, they emphasize rigorous training and a well-crafted incident response plan for family offices.