Jon Carroll, a renowned family office consultant, joins Bill Wyman, President of Family Office Services at Sumitas, and Tim Rabi, CTO at Eaton Solutions, to discuss the future of family offices. They explore the importance of technology in ensuring operational security and efficiency. The conversation highlights innovative tools like Eaton's AI-driven solutions and the collaboration platform from Summitas. Cybersecurity challenges, including rising fraud threats and the implications of deepfakes, are also unpacked, stressing the need for robust security measures in financial operations.

In this conversation, Alex Lin, founder of Summit, shares his insights on creating a seamless multi-entity accounting software, drawing from his extensive experience managing family estates in France and China. Tanmay Sharma of Coalition AI discusses his data aggregation platform, likening it to 'aspirin for data headaches.' They delve into the challenges of data consistency, the importance of user-friendly solutions, and competition within the tech landscape. Both highlight the transformative power of their technologies for effective financial management in family offices.

A Family Office Advisor dives into tech solutions transforming trust and estate management. Innovative software is revolutionizing K-1 form handling, utilizing AI to streamline tax reporting. Industry pros discuss the evolution of wealth management technology and the role of automation in tackling K-1 challenges. Luminary’s platform stands out for its user-friendly design aimed at enhancing collaboration among financial advisors. The importance of strategic partnerships and training in leveraging these tech advancements for efficient tax planning is also explored.

As we close 2023, this roundup dives into exciting innovations in family office technology. Arch has secured a $20 million Series A funding, while Adipar impressively manages $5 trillion in assets. Canoe is shaking up tax automation with new partnerships. In asset management, iCapital teams up with IQEQ to enhance alternative investments in France. The conversation also touches on AI advancements in bond pricing and key leadership shifts at Eaton Solutions and FoundationSource.

John Castrucci, Managing Director at RSM, Michael Johnson, a leading Tax Partner at RSM, and Elvira Orzo from Trusted Family share insights on modern family office technology. They discuss RSM’s innovative FamilySite platform, focusing on secure document storage and financial data integration to improve operational efficiency. The conversation also covers the 90-day implementation process for investment aggregation services, the challenges of outsourcing finance functions, and future innovations for enhanced family communication and collaboration solutions.