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FOX introduces technology consulting services for family offices


Family Office Exchange (FOX), a global membership organisation of enterprise families and their key advisors, is adding Technology Consulting to its present array of consulting services.

New services include the review of the current technology environment in a family office, strategic alternatives for updating technology and software, and supervision of new system installation.
“The pace of technological change has posed a challenge for most family offices,” says Sara Hamilton, founder and CEO of Family Office Exchange. “The specialised nature of the family office business means there are few resources that have a clear understanding of the needs of these offices and a comprehensive view on the technologies and software that are available. A family office needs to draw upon expert advice from the outside when dealing with security, networks, applications, and reporting issues.”
FOX has hired Steven Draper as Senior Consultant for Technology Consulting. In previous consulting positions, Steven has managed single and multi-family office assignments that run the gamut from establishing the basic processes, technology and infrastructure in an office to the implementation of a sophisticated, integrated platform including CRM, portfolio and partnership accounting, cash management, financial planning, risk management, data warehousing, account aggregation and flexible, on-demand reporting.
“Often in a family office, the software and systems are fragmented because of organic growth, limited human resources, and a lack of understanding about what is possible,” says Draper. “An office doesn’t have to throw their current systems out and start again, it just needs to take advice about the most sensible route to achieve best practice.”
FOX continues to offer its specialised array of consulting services to family offices and advisors including long-term strategy, family office operations, and family governance projects and facilitation. FOX also offers the FOX Family Office Blueprint for creating new family offices, conducts wealth advisor selection reviews, and provides custom education and training modules.

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