Whether we are aware of it or not, we are spending too much of our time seeking context. No office today can quantify these costs, but we all intuitively know the amount is too high. Adopting a system that automates context into records and actions will decrease stress, increase agility to deploy capital and exceed family expectations.

Inefficiency is the enemy.

What is at the root of inefficiency in modern, family offices? You have an ecosystem of effective people, yet many offices report increased stress, delayed deployment of capital, less than optimum family communication and a disconnected next generation. Despite, or perhaps in part because of, the magnitude of technological solutions available, the hidden enemy is siloed digital solutions and time-sucking manual processes.

What’s behind this?

If you consider aspects of your business that you have sought to digitize, you may notice a siloed approach has taken hold: desktops, cloud storage, project management or workflow software platforms and email. Each of these solutions has its own method of attacking its unique problem. Unlike you and your ecosystem, these systems don’t intercommunicate. Therefore they can’t offer you any contextual assistance that would allow you to quickly recognize and reassemble the disparate pieces of information.

Why context matters.

Common questions family offices wrestle with daily are “Which version is the final agreement or contract?” “What’s been done or not done?” These questions lead to time-wasting team meetings or a search through email for an attachment that may not be the most recent or, more likely, a request to someone else, who will have to stop their work to seek out a file amidst their own paper or digital filing system or email archive. Whether we are aware of it or not, we are spending too much of our time seeking context. No office today can quantify these costs, but we all intuitively know the amount is too high.

Adopting a system that automates context into records and actions will decrease stress, increase agility to deploy capital and exceed family expectations. iPaladin’s unified ecosystem interface automates context into communication, information and actions to decrease stress, increase agility to deploy capital and exceed family expectations. The power of context allows for:

● Assessment of the severity of a situation to evaluate where your attention should be focused, especially when there is more work than time.

● Evaluation of opposing sides to more effectively opine on a matter.

● Independent peer review of transactions to watch each other’s backs and to ensure the long-term best interests of family members.

● Eliminates suspicion and speculation and infuses truth and trust, particularly important for future generations who will utilize this context to understand the motivations behind their predecessor’s actions.

Empower your effective ecosystem with efficient technology.

Every family office is different and complex wealth and investment strategies are not standard. That’s why, at iPaladin, we believe that the technology that connects your ecosystem must be infinitely configurable to represent the exact nature and requirements of your client’s wealth. As your team works in iPaladin, it automates context to deliver knowledge in return. When you take back the time and energy lost to stress and inefficiency, you take back control of sustainability and assure your ability to scale.

Ready to make a change? We’re ready to help by sharing ten years of experience as you onboard and utilize our revolutionary Digital Family Office solution to modernize your family office ecosystem. Let’s get started.