Family Office Asset Management Systems
Family Office Asset Management: Why Systems Beat Spreadsheets The fundamental challenge facing family office asset management today comes down to one phrase: "Systems over heroics." You're managing exceptional properties and valuable assets with talented people performing daily heroics. However, heroics don't scale. Furthermore, they don't survive staff transitions. In addition, they're bleeding money you can't see. The Hidden Costs of Manual Asset Management The Real Cost of Manual Family Office Operations When you acquire a complex property without documentation, you're starting from zero. For instance, one family office principal described spending a year just figuring out how to run his newly purchased home. His estimate? Access to the previous owner's property knowledge would have been worth $100,000 minimum. This lack of estate management clarity creates cascading problems. Every time your estate manager troubleshoots something,…
