Attendee Survey on the Tech Goals for Your Family Office
Overview
FOX’s 2019 Benchmarking study showed us a new path that family offices are beginning to take, and so we wanted to understand the challenges and long-term goals that our members are dealing with. This participation session using Mentimeter Surveys was meant to help us to discover and talk about the current technology needs within FOX member offices. As FOX works to build a technology marketplace, understanding the frustrations and concerns in our community will help to direct how to best support our members.
Kent Lawson, FOX Technology Advisor
Mindy Kalinowski Earley, CMP, CFBA, Chief Learning Officer, FOX Family Learning Center
Insights and Key Takeaways
During the Covid-19 pandemic, it’s especially helpful to understand decisions that our peers are making around technology within the family office space. In that spirit, FOX provides this informative and insightful feedback from the attendee survey at our recent Technology Showcase.
Here’s what respondents had to say:
What technology projects did you have planned for 2020, pre-pandemic?
- 20% responded that accounting related technology projects were planned.
- 16% said investment projects such as portfolio accounting and performance technology.
- 13% planned to focus on cybersecurity and technology infrastructure.
- 10% responded that each CRM and financial planning projects were planned.