Technology Trends: The Next Wave of Innovation and How it Impacts the Family Office

Craig Cook of Oakbrook Solutions and Mark Rogozinski of RockIT looked at how progress is impacting back-office operations in the areas of strategy, standardization, reporting and cloud technology as well as the trends that are uppermost in the minds of family office executives.

Key takeaways include:

• Compliance/reporting a top challenge for family offices. 
• CRMs great at integrating with other technologies. Great for running your business
• Adopting new technologies requires a lot of change management with family office staff.
• New technologies helps to move staff away from spending most of their time doing data entry and into doing more analysis
• There are benefits to outsourcing. There’s a lot of work involved in building and managing your own systems.