2022 FOX Technology Showcase, Day Three Recap

Daily Review of the FOX Technology Showcase is prepared in partnership by Erin Hulse of Deviate Consulting, a FOX Technology Resource Partner, and by Kent Lawson of FOX

Presentation – SEI – Cyber Threats – Key Takeaways from a Global Financial Firm

Dave Detweiler – Managing Director

Learn how SEI’s experience as a regulated financial firm translates to a hyper awareness of existing threats, so that you can ensure your family office is truly doing enough to protect and secure your private client data.

• • Cybersecurity is by no means novel, but in an evolving landscape which is affected by
    • New technologies
    • Geopolitical tensions
    • Larger-than-ever digital footprint
  • Attackers have evolved over the years
  • Every firm needs a fiduciary
  • What do fiduciary business leaders care about?
    • System availability
    • Protection of company and member data
    • Intellectual property
    • Compliance
    • Staying out of the headlines
    • Thinking ahead: future-proofing the organization
  • Accept cyber as an investment
    • ROI may be difficult to prove
    • But it’s an essential foundation of the business
  • Find an owner and empower them
    • Who is driving security at our organization?
      • Legal?
      • Audit?
      • CRO?
      • IT?
    • Look for security fiduciaries
      • They understand risk
      • Assign ownership, give authority and drive toward maturity against a framework

Technology Showcase Snapshot: A Technology Company Introduction - Giving Place

Paul Lussow – Co-Founder and CEO

• • Giving Place is a software solution for optimizing family charitable giving.
    • Offer a single portal for all giving vehicles
      • Cash
      • Donor advised funds (DAFs)
      • Community foundations
      • Private foundations
    • Reporting, forecasting and other analytics for a family's complete giving.
    • Remove the burden of administering charitable gifts
    • Free donors to focus on the who and why they want to give, making philanthropy a more enjoyable experience for the whole family.
  • Most family offices are managing complex and large-scale philanthropy in disconnected spreadsheets
    • Limited solutions in the marketplace were either specific to DAFs or private foundations and did not integrate both.
  • Get holistic view of your giving regardless of charity or gift type
  • View information in dashboards that are easy to share with others
  • Organize all relevant information with your charitable relationships
  • Make year-end reporting, tax prep and compliance easy for your family or tax advisor
  • Set a strategy with family members and see the impact you’re making by charity

Demo – Eton Solutions

Stuart Guidry – Platform Consultant

Phil Ierardi

Eton Solutions is a software and services company founded to handle the complexities of servicing ultra-high net worth families. Created by family office leaders, Eton Solutions’ flagship product is AtlasFive®, an integrated platform that offers:

• • • Holistic aggregation of data
    • Reporting
    • Workflow processes
  • Purpose-built ERP system to manage the complexities of family offices
  • The only comprehensive technology platform that seamlessly connects all data, services, and stakeholders within family offices.
  • AtlasFive allows single and multi-family offices to:
    • Adopt lean business practices
    • Eliminate spreadsheets and manual work processes
    • Accurately report on activities and data anywhere and anytime
    • Frees offices to concentrate more time and resources on delivering higher-value advisory services
    • One source of truth leads family offices into the future by maximizing efficiency and minimizing errors and risk
  • $425B + on the platform
  • 250+ dedicated employees across the globe
  • Worldwide support and services in all time zones
  • $20M+ in product development over the last two years in key areas such as:
    • Fund Accounting
    • Tax ledger
    • AI driven transaction processing
  • Complexity is minimized through best practice business processes, templates and workflows
  • Process management proactively provides efficiencies and reduces cost
  • Auditable tasks optimizing business processes and workflows provide transparency, segregation of duties and risk reduction
  • Move from manual tasks to higher level value add for the family
  • Deliver reports and answer questions faster and more accurately
  • Enhance staffing and training by systemizing knowledge

Demo - Summitas

Joelle Forster – Director, Strategic Growth

Bill Wyman – President, Family Office Services

Summitas Driving Principles:

• • Privacy and Security
    • Ensure privacy, share and protect vital information, and create a focal point for client, advisor, and office communication.
  • Point-and-click simplicity
    • Use apps to streamline processes from statement delivery and advisories to financial dashboards and eSignature.
  • Increased Engagement
    • Deliver branded portals that extend online identity, convey vision and capabilities, and increase client retention.
  • Controlled Access
    • Restrict entry using multifactor authentication, roles, permissions, and cryptography.

Summitas Platform® is accessed through Web browsers and mobile applications to:

• • Simplify operations
  • Increase communication
  • Provide a safe way to organize, protect, and share information
  • Digital vault
  • Integration of financial information
  • Branded portal
  • Streamline workflows
  • Modern cryptographic algorithms and strict internal policies and controls protect user data and privacy.
  • Summitas EngageSM - professional services team that oversees setup, branding, training, bespoke platform app development, and ongoing “white glove” support
  • Summitas is vendor neutral