Automation and Provision of all Data
Family offices use a variety of software to support them, including trading software, reporting consolidation systems, CRM systems and much more.
To create openness and foster client trust, family offices need to provide information and performance reporting. With effective security and an audit trail, consolidated reporting systems can help automate the collection of data from multiple sources, report generation and the provision of information on demand. By automating the entire reporting process, family offices can reduce their operational risks and total cost of ownership.
Portfolio management as an important Factor
Managing large portfolios, such as private equity, real estate and hedge funds, is a common requirement for family offices, making the investment management process prone to difficulty and complexity.
Using portfolio management tools to automate portfolio creation can be beneficial for family offices. With an advanced portfolio management system that has powerful analytics and fully integrated reporting, family offices can take full control of their investments.
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Large Data Collection possible
Data aggregation systems help combine data from different sources in one place to gain new insights and discover new patterns and relationships without losing track of the data source. Family offices need efficient data aggregation systems to combine their data, get automated reports, plan and track their performance.
Altoo supports your Family Office
The Altoo Wealth platform also provides you with an intuitive collaboration tool that combines all asset structures, bankable and non-bankable assets, and all related documents and information. To ensure transparency through a single, easy-to-use interface, you can also grant limited access to beneficiaries, administrators or other stakeholders.
In addition, Altoo gives you the ability to monitor the assets you manage and inform you if any of your defined targets are not met.
The structure and processes of the family offices might be complex and it can be overwhelming to keep track of the multitude of relationships that span multiple generations. To address this, Altoo offers a range of data aggregation solutions so that the dedicated family office can benefit from a single source of data. The result is an advanced management system with integrated reporting, powerful analytics and dashboards that provide a complete view of the managed wealth.
If you are interested, please do not hesitate to contact our advisors for more information about the technology we offer to single family and multi family offices.
