Benefits of household technology in conjunction with your family office.
The family office used to be an institution that was, in some ways, insulated from the family, making financial decisions on the clients’ behalf without their consistent direct involvement. Now that model is rapidly evolving with the innovation with household technology; and, while this may be more apparent because of the pandemic and the resulting economic changes, it was actually in play long before “social distancing” and “super-spreader” became household terms. Most likely, covid expedited the shifts that occur organically as the younger generations come of age to manage their family’s wealth – bringing with them their own priorities, both philosophical (i.e. a commitment to conscious capitalism) and substantive (taking a more hands-on approach rather than relying on experts to do it all for them). Moreover, there is an increase in multifamily offices, which can be more affordable…