How family offices can ensure successful adoption of technology changes

An illustration of the potential decision bottlenecks, managing the onboarding process and the drivers of change in how family offices are utilising new investment technology and how to manage the current office dynamics for a new regime.

What you need to know

  • What part of the family office journey does technology change often occur
  • How can internal advocates and external specialists drive that change
  • The rise of modularity and niche components in family office technology (“Famtech”)
  • What preventative measures can family offices take right now?
  • How to avoid the onboarding circle of death
Software Updated on January 16, 2024

“I hate adding new software”, said the family office principal, the founder of a (very) successful software business that was recently sold. “Sales teams always promise the world, it often doesn’t work off the shelf and then you must educate internal staff to manage it.” “But we need to find a better way of managing the family office as the current state is not working for anyone.”

What drives change?

Events such as the COVID-19 pandemic have highlighted the need for family offices to be able to adapt to unexpected events and disruptions, and that investing in measures such as automation and digitalisation can help them do so.

About the Authors

Shaun Parkin

Shaun Parkin

Investment operations & technology

My central philosophy is that of a Sherpa. I believe in acting as interpreter, educator, assessor, and advocate for family offices – whilst still being independent.

Connect with Shaun Parkin

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