“During the set up and discovery process with WealthTouch, we helped one client find $20 million that had been ‘misplaced’ through a series of trust transfers.”
Clarity and control for family offices and advisors means growing profitably without sacrificing service to the end client. Many top managers who have started their own wealth management firms often lack the infrastructure to scale and stay competitive.
High Labor Costs with Little Real Automation
Family offices and advisors labor models can be contrary to business goals. Instead of applying dozens of people to preparing client reports, MFOs have the opportunity to double or triple efficiency with WealthTouch.
Growing Pains and Scale
Home-grown IT solutions require extensive work-arounds, all of which limits scale and profitability.
Concerns with Security
The growth of security threats is extremely challenging for family offices and advisors to get ahead of.
Low-Tech Reporting Tools
Spreadsheets with a few bookkeepers is highly expensive and does not enable the type of reporting that families require.
Quality Control vs. Cost Control
Having one client is a double-edged sword for advisors who must often manage special needs around reporting that drive overhead costs on limited budgets.
New Types of Portfolios
As wealthy families change their portfolios, advisors struggle to keep up with, much less report on, new investments and asset classes from different managers and custodians.
Outdated Technology and Security
With restricted IT budgets, tools often lack functionality, and expertise comes in the form of the knowledge in a few people's heads vs. repeatable processes.
We help family offices and advisors do more with less through our private-label portfolio reporting and financial administration solutions that address your issues and goals around growth, scale, security and maintaining client relationships.