Exploring digital family office solutions for UHNWIs
While it can be the ultimate goal, not all ultra-high net worth individuals (UHNWIs) are ready to set up a fully staffed traditional family office. This insight explores the growing number of digital family offices and the tailored solutions they offer to UHNWIs.
digital family office

What you need to know

  • Digital family offices use technology to provide financial and administrative support to UHNWIs and families.
  • They provide access to private market investment opportunities and financial advice from experts.
  • Digital family offices offer an increasingly capable and cost-effective wealth management alternative for UHNWIs.

Digital Updated on March 7, 2024

Ultra-high net worth individuals (UHNWIs) often find themselves overwhelmed when it comes to setting up their own family office. Setting up a structure to handle investable assets of about $100 million or higher, with operational costs from anywhere between $1 – 2 million, is no small feat. However, digital family offices can provide a good alternative and an easy entry point.

What is a digital family office?

Digital family offices, as the name suggests, are like online versions of traditional family offices. They offer financial and administrative support to UHNWIs and their families. The main difference, however, is that digital family offices use technology to connect to clients and offer their services.

There are several benefits to using a digital family office. Since they are digital, they’re fully remote and have lower overhead costs, resulting in lower operational expenses. Below are some of the key services they offer UHNWIs:

Create your free account to continue reading this insight.

Join our community and become a Simple member today.

We no longer support social login. Please create a password for your registered email by going to the Lost Password page.

Not yet a member?

Sign up for a free account by clicking on the link below.

Register New Account
Simple solutions for complex times.