Why Technology-Enabled Fund Administrators will become a Bigger Force with Family Offices

The recent and unprecedented spike in the number of millionaires in the US has spurred the creation of ever-more Family Offices (FOs) as people of wealth are turning to Single Family Offices (SFOs) and Multi-Family Offices (MFOs) to help them manage their wealth. Many of these offices offer a full suite of solutions including investing, budgeting, insurance, charitable giving, tax & legal services, and more.

As happened for hedge & private equity fund managers, FOs (especially MFOs) will need to turn to fund administrators for help. Because many FOs have grown to become complex and sophisticated financial firms, they have the same needs as other private fund managers to do things like:

• Report on investment performance in a digital manner

• Enable transparency of data to adhere to regulatory compliance needs

• Deliver operational efficiencies in areas of investor communications, document distribution, and more

There were almost 11 million millionaires in the US in 2016, which was the most ever recorded, and a 4% increase over 2015. Depending on the source, the number of SFOs in the US is anywhere from 3,000 to 6,000. Big dollars are at stake, as estimates are that FOs control $4 trillion in investment capital worldwide. For context, private equity and hedge fund firms are estimated have a cumulative $5.7 trillion in capital to invest.

MFOs have also experienced growth. Estimates show around 1,500 MFOs with assets under management of nearly $450 billion. Indications are that the number of MFOs will keep growing fast as higher costs, lower margins, and more competition for capital are enabling the creation of new MFOs. These factors are also persuading SFOs to merge and become MFOs.

Due in part to the sophistication of the private equity and hedge talent migrating to these offices, along with the increasing deployable capital, FOs are investing in ever-more complicated asset types. Portfolios of SFOs & MFOs often include equities, real estate, fixed income, private equity, hedge, and more. Further, direct investments in these areas have increased dramatically, constituting close to 30% of an average FO portfolio.

As technological capabilities are inexorably linked to their key needs, FOs are realizing the importance of technology to their future success. They are also understanding that going it alone is often a difficult option.

FOs are experiencing the complexity of understanding and managing technology offerings, as well as the need for deeper service capabilities across accounting, tax and more. Small in-house administrative teams at FOs quickly find themselves out-matched, as the combination of complex transactions and regulatory pressures prove too difficult to handle.

These factors will pressure FOs to seek out fund administrators, who are best equipped to help address these evolving needs. Over the past few years fund administrators have been going through a metamorphosis of their own, moving from viewing themselves as offering services focused solely on traditional accounting to becoming a key strategic advisor to private fund managers. This is true across not only accounting services, but also in complicated areas like investor relations, compliance, and operations.

The demand for third party validation of assets and performance is also becoming a bigger factor for FOs, and fund administrators are uniquely positioned to be able to deliver on this need as well.

Lastly, families can sometimes be fickle, and emotions tend to grow more intense as more money is at stake. Family members change through marriages, children, divorces and deaths. A strong and independent voice is critical to not only provide validation and transparency, but also objective guidance that can be taken at face value by family members. This factor increases exponentially with the addition of each family to an FO.

As FOs look to fund administrators to fulfill their needs, they must avoid the common trap of basing their selection mostly on the quality and pricing of the traditional accounting services offered by the fund administrator. Rather, FOs should give equal importance to the technological experience and capabilities of the fund administrator across areas like investor relations, operations, and compliance.

Any FO that decides to go it alone will need to make sure to select the right technology provider that can help them not only with the front-end digital performance reporting & communications, but also with the operational middle and back-end of data preparation, analysis, and distribution.

Written by Chris Andraca, BaseVenture

Author: Dylan Jones

Share This Post On
ATM Africa


  1. Viagra Cialis Levitra Compare viagra Where Can I Buy Methotrexate

  2. Medicament Similaire Au Dapoxetine viagra Stendra Over Night Low Price Overseas Store

  3. Propecia Demencia Senil viagra Amoxicillin And Throat Hoarseness

  4. I am sure this paragraph has touched all the internet viewers,
    its really really good article on building up new web site.

  5. I am sure this article has touched all the internet people, its really really nice paragraph on building up
    new web site.

  6. Thanks , I have just been searching for information approximately this topic
    for a long time and yours is the best I’ve discovered so far.

    But, what concerning the bottom line? Are you sure concerning
    the source?

  7. Greetings from Colorado! I’m bored to death at work so I decided to browse your blog on my iphone during lunch break.
    I enjoy the information you provide here and can’t wait to take a look when I get home.
    I’m shocked at how quick your blog loaded on my phone ..
    I’m not even using WIFI, just 3G .. Anyways, superb site!

  8. Hi it’s me, I am also visiting this site on a regular
    basis, this web page is actually nice and the people are actually sharing nice thoughts.

  9. Hello, i believe that i saw you visited my blog so i got here to go back the favor?.I am
    trying to to find things to enhance my site!I assume
    its ok to use some of your concepts!!

  10. Hello there, just became aware of your blog through Google, and found that it’s really informative.
    I’m gonna watch out for brussels. I’ll appreciate
    if you continue this in future. Numerous people will be benefited
    from your writing. Cheers!

  11. Its like you read my mind! You seem to know so much about this,
    like you wrote the book in it or something. I think that
    you could do with a few pics to drive the message
    home a little bit, but other than that, this is magnificent blog.
    An excellent read. I’ll definitely be back.

  12. Good day I am so happy I found your blog page, I really found you by
    error, while I was researching on Google for something else, Regardless I am here now and would just like to say cheers for a
    tremendous post and a all round interesting blog (I also love the theme/design), I
    don’t have time to look over it all at the moment but I have bookmarked it and
    also included your RSS feeds, so when I have time I will be back to read much more, Please do keep up the great job.

  13. I am now not positive the place you are getting your info, however great topic.

    I needs to spend a while learning much more or understanding more.
    Thank you for great info I used to be in search of this information for my mission.

  14. Thank you a lot for sharing this with all of us you actually understand what you’re speaking approximately!
    Bookmarked. Kindly also talk over with my web site =). We
    could have a hyperlink alternate agreement among us

  15. I am really enjoying the theme/design of your website.
    Do you ever run into any web browser compatibility problems?
    A small number of my blog audience have complained about my blog
    not operating correctly in Explorer but looks great in Safari.

    Do you have any tips to help fix this issue?

  16. I’m excited to uncover this website. I need to to thank you for ones time just
    for this fantastic read!! I definitely loved every little bit of it and I have you saved to fav to look at new information on your web site.

  17. My family always say that I am wasting my time here at net,
    but I know I am getting familiarity every day by reading such
    pleasant articles or reviews.

  18. Asking questions are actually fastidious thing if you are
    not understanding something completely, except this piece of
    writing presents good understanding even.

  19. Hi there Dear, are you actually visiting this web site on a
    regular basis, if so afterward you will without doubt get good knowledge.

  20. I think that everything typed was actually very reasonable.

    But, what about this? what if you were to create a killer headline?
    I ain’t saying your information is not solid., but suppose you added something to maybe grab people’s attention? I mean Why Technology-Enabled
    Fund Administrators will become a Bigger Force
    with Family Offices | Fintech Finance is kinda vanilla.
    You might look at Yahoo’s home page and note how they create news headlines to get people interested.
    You might add a related video or a picture or two to grab readers interested about everything’ve written. In my
    opinion, it might make your posts a little livelier.

  21. Good blog post. I absolutely love this website. Thanks!

  22. Its such as you read my mind! You seem to know so
    much about this, like you wrote the ebook in it or something.
    I believe that you simply can do with some p.c.

    to power the message home a little bit, but instead of that, this is magnificent blog.
    A fantastic read. I’ll certainly be back.

  23. Do you mind if I quote a couple of your posts as long as I provide credit and sources back
    to your site? My blog site is in the exact same niche as yours
    and my visitors would definitely benefit from a lot
    of the information you provide here. Please let me know if this ok with you.
    Appreciate it!

  24. It’s in fact very complex in this active life to listen news on TV, thus I simply use the web for that reason,
    and obtain the most recent news.

  25. Admiring the persistence you put into your website and detailed information you
    offer. It’s great to come across a blog every once in a while that isn’t the same out of date rehashed information. Excellent read!
    I’ve bookmarked your site and I’m including your RSS feeds to
    my Google account.

  26. It’s in fact very difficult in this full of activity life to listen news
    on TV, therefore I just use internet for that reason, and get the latest news.

  27. I’m impressed, I have to admit. Seldom do I come across a blog that’s equally
    educative and interesting, and without a doubt, you’ve hit the nail on the head.
    The issue is something which not enough men and women are speaking intelligently about.
    Now i’m very happy that I found this during my search for
    something concerning this.

  28. Have you ever considered publishing an ebook or guest authoring on other blogs?
    I have a blog based upon on the same subjects you discuss and would really like to have you
    share some stories/information. I know my viewers would value your work.
    If you are even remotely interested, feel free to send me
    an e-mail.

  29. Hey! I know this is kind of off topic but I was wondering which
    blog platform are you using for this site?
    I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at alternatives
    for another platform. I would be fantastic if you could point me
    in the direction of a good platform.

  30. Heya this is kinda of off topic but I was wondering if
    blogs use WYSIWYG editors or if you have to manually code with HTML.
    I’m starting a blog soon but have no coding experience so I wanted to get
    advice from someone with experience. Any help would
    be greatly appreciated!

  31. I got this web site from my pal who told me regarding this
    web site and now this time I am visiting this web page and
    reading very informative articles or reviews at this time.

  32. Thank you for the good writeup. It in fact
    was a amusement account it. Look advanced to more added agreeable from you!

    However, how could we communicate?

  33. I always used to study paragraph in news papers but now as I am a user of net
    so from now I am using net for articles, thanks to web.

  34. I every time emailed this webpage post page to all my contacts, since if like to read it
    next my friends will too.

  35. Wow, that’s what I was seeking for, what a information! present here at this blog,
    thanks admin of this website.

  36. I like it whenever people come together and share thoughts.
    Great site, continue the good work!

  37. At this time I am going away to do my breakfast, afterward having my breakfast coming
    yet again to read more news.

  38. We are a gaggle of volunteers and opening a
    brand new scheme in our community. Your site provided us with useful
    information to work on. You’ve done a formidable job and our whole
    community will likely be thankful to you.

  39. You could definitely see your skills within the
    work you write. The arena hopes for more passionate writers such as you who
    aren’t afraid to mention how they believe. All the time go after
    your heart.

  40. Howdy are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and create my own. Do you require any html coding expertise to make your own blog?
    Any help would be really appreciated!

  41. If some one wishes expert view on the topic
    of blogging and site-building after that i advise him/her to pay a
    visit this website, Keep up the good job.

  42. Hey There. I found your blog using msn. This is an extremely well written article.
    I’ll be sure to bookmark it and come back to read more of your
    useful info. Thanks for the post. I’ll certainly return.

  43. We’re a group of volunteers and starting a new scheme in our community.
    Your website provided us with valuable information to work on.
    You’ve done a formidable job and our entire community will be thankful
    to you.

  44. Good way of describing, and good paragraph to take data on the topic
    of my presentation focus, which i am going to convey in school.

  45. Admiring the hard work you put into your website and detailed information you offer.
    It’s nice to come across a blog every once in a while that isn’t the same
    out of date rehashed information. Excellent read!
    I’ve saved your site and I’m including your RSS feeds to my Google account.

  46. Its like you read my mind! You appear to know a lot about this,
    like you wrote the book in it or something. I think that you could do with some pics to drive the message home
    a bit, but other than that, this is magnificent blog.
    A fantastic read. I will certainly be back.

  47. I am sure this article has touched all the internet viewers, its really really
    nice piece of writing on building up new blog.

  48. Woah! I’m really digging the template/theme of this website.
    It’s simple, yet effective. A lot of times it’s hard to get that “perfect balance” between user friendliness and visual appeal.
    I must say that you’ve done a excellent job with this.

    Additionally, the blog loads super fast for me on Internet explorer.
    Superb Blog!

  49. Hi there! I just want to offer you a huge thumbs up for your excellent information you have got here on this post.
    I’ll be coming back to your web site for more soon.

  50. Hi, all the time i used to check blog posts here early in the daylight, because i like to gain knowledge
    of more and more.

  51. Hello there, I found your web site via Google while searching for a comparable
    topic, your website got here up, it seems to be good.

    I’ve bookmarked it in my google bookmarks.
    Hello there, simply turned into aware of your weblog
    through Google, and located that it’s truly informative.
    I am gonna be careful for brussels. I will be grateful for those who proceed this
    in future. Many people will be benefited out of your writing.

  52. Link exchange is nothing else but it is simply placing the other person’s blog link on your page at appropriate place and other person will also do similar for you.

  53. Hey there just wanted to give you a quick heads up and let
    you know a few of the images aren’t loading properly.
    I’m not sure why but I think its a linking issue. I’ve tried it in two different internet browsers and both
    show the same outcome.

  54. If some one desires expert view concerning blogging then i suggest him/her to pay a quick
    visit this website, Keep up the nice work.

  55. Aw, this was an incredibly nice post. Taking a
    few minutes and actual effort to make a superb article… but what can I say… I put things off a lot and don’t seem to get anything done.

  56. Howdy! Do you know if they make any plugins to safeguard against hackers?

    I’m kinda paranoid about losing everything I’ve worked hard
    on. Any recommendations?

  57. Thanks for finally writing about >Why Technology-Enabled Fund Administrators
    will become a Bigger Force with Family Offices | Fintech Finance <Loved it!

  58. This is such a great resource that you’re offering and you provide out at no cost. I appreciate seeing sites that realize the worth of offering a perfect useful resource totally free. I genuinely loved reading your submit.

  59. I’ve learn some just right stuff here. Definitely price bookmarking for revisiting.
    I wonder how so much attempt you place to make such
    a wonderful informative site.

  60. I’m not sure where you are getting your info, but great topic.
    I needs to spend some time learning more or understanding more.

    Thanks for fantastic information I was looking
    for this information for my mission.

  61. I view something really special in this website .

  62. Hmm it appears like your website ate my first comment (it was extremely
    long) so I guess I’ll just sum it up what I had written and say, I’m thoroughly enjoying your blog.

    I too am an aspiring blog writer but I’m still new to everything.
    Do you have any points for rookie blog writers? I’d really appreciate it.

  63. Hi, i read your blog from time to time and i own a similar one and i was just wondering if you get
    a lot of spam responses? If so how do you stop it, any plugin or anything you can recommend?

    I get so much lately it’s driving me mad so any help is very much appreciated.

  64. Hmm is anyone else having problems with the images on this blog
    loading? I’m trying to figure out if its a problem on my end
    or if it’s the blog. Any suggestions would
    be greatly appreciated.

  65. Hi, I desire to subscribe for this weblog to get newest updates, so where can i do it please help

  66. First of all I want to say fantastic blog! I had a quick question which I’d like to ask if you
    don’t mind. I was interested to know how you center yourself and clear your thoughts prior to writing.
    I’ve had difficulty clearing my thoughts in getting my thoughts out there.
    I truly do take pleasure in writing but it just seems like the first
    10 to 15 minutes are usually lost simply just trying to figure out how to begin. Any recommendations or tips?

  67. You need to be a part of a contest for one of the greatest sites on the web.
    I most certainly will highly recommend this site!

  68. If some one needs to be updated with latest technologies afterward
    he must be pay a visit this site and be up to date daily.

  69. Very good information. Lucky me I discovered your website by
    chance (stumbleupon). I have saved it for later!

  70. I am really impressed with your writing skills as well
    as with the layout on your blog. Is this a paid theme or did
    you modify it yourself? Either way keep up the excellent quality writing, it is rare to
    see a nice blog like this one nowadays.

  71. Pretty! This has been a really wonderful post. Thanks for supplying this

  72. Hi there! Someone in my Facebook group shared this website
    with us so I came to take a look. I’m definitely enjoying
    the information. I’m book-marking and will be tweeting this to my followers!
    Wonderful blog and great design and style.

  73. If you are going for finest contents like I do, simply visit this
    website daily since it offers feature contents, thanks

  74. wonderful put up, very informative. I’m wondering why the opposite experts of this sector do not understand
    this. You must continue your writing. I’m confident, you’ve a huge readers’ base already!

  75. magnificent points altogether, you just received a new reader.

    What may you recommend about your submit that you just made a
    few days ago? Any certain?

  76. Hello there! I know this is kinda off topic but I was wondering if you knew where I could find a
    captcha plugin for my comment form? I’m using the same blog platform as yours and I’m having difficulty finding one?

    Thanks a lot!

  77. Wow, marvelous blog layout! How long have you been blogging for?
    you made blogging look easy. The overall look of your site is excellent, as well
    as the content!

  78. Wonderful goods from you, man. I have remember your stuff previous to and
    you’re just too wonderful. I actually like what you have acquired here, certainly like what you are stating and
    the way in which through which you assert it.

    You are making it enjoyable and you continue
    to take care of to keep it wise. I cant wait to read
    much more from you. That is really a tremendous web site.

  79. What’s up, after reading this awesome paragraph i am too cheerful to share my knowledge here
    with colleagues.

  80. Heya i’m for the primary time here. I came across this board and I find It truly useful & it helped me out much.

    I hope to present one thing back and help others like you aided me.

  81. Write more, thats all I have to say. Literally, it seems
    as though you relied on the video to make your point.
    You definitely know what youre talking about, why waste your intelligence on just posting videos to your site when you could be giving us something informative to read?

  82. I know this website offers quality depending articles and extra data, is there any other website which presents these
    kinds of things in quality?

  83. Hi there! This article couldn’t be written much better!
    Reading through this post reminds me of my previous roommate!
    He constantly kept preaching about this. I will send this article to him.

    Pretty sure he will have a very good read. Many thanks for sharing!

  84. Excellent blog here! Also your website loads up fast!
    What host are you using? Can I get your affiliate link to your host?

    I wish my web site loaded up as fast as yours lol

  85. Wow, that’s what I was looking for, what a stuff!
    existing here at this blog, thanks admin of this web

  86. Your means of describing everything in this paragraph is truly nice,
    every one be able to without difficulty know it, Thanks
    a lot.

  87. I could not refrain from commenting. Perfectly

  88. I just like the helpful information you supply on your articles.
    I’ll bookmark your weblog and check again here frequently.
    I am moderately certain I’ll learn many new stuff proper
    right here! Best of luck for the following!

  89. I always used to study article in news papers but now as I am a
    user of web so from now I am using net for articles or reviews,
    thanks to web.

  90. Have you ever thought about including a little bit more than just your articles?
    I mean, what you say is important and everything.

    But think about if you added some great graphics or videos to give
    your posts more, “pop”! Your content is excellent but with pics and
    video clips, this site could undeniably be one of the
    best in its niche. Awesome blog!

  91. Awesome things here. I’m very glad to look your article.
    Thank you a lot and I’m having a look forward to contact you.
    Will you please drop me a e-mail?

  92. It is the best time to make a few plans for the long run and it is time to be happy.
    I’ve read this submit and if I may just I want to counsel you few attention-grabbing issues or tips.
    Perhaps you could write next articles referring
    to this article. I desire to read even more things about it!

  93. Hi there every one, here every person is sharing these familiarity, therefore it’s good to read this website, and I used to pay a quick
    visit this webpage daily.

  94. Heya i am for the first time here. I came across this board and I find It truly useful &
    it helped me out a lot. I hope to give something back and aid
    others like you helped me.

  95. Hey I know this is off topic but I was wondering if you knew of any widgets I could add to
    my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time and
    was hoping maybe you would have some experience with something like this.

    Please let me know if you run into anything.
    I truly enjoy reading your blog and I look forward to your new updates.

  96. Hello, I enjoy reading through your article post.
    I like to write a little comment to support you.

  97. Definitely consider that which you stated. Your favorite reason appeared to be on the net the easiest factor to remember of.
    I say to you, I certainly get annoyed even as other people think about worries that they plainly do
    not understand about. You managed to hit the
    nail upon the top as neatly as defined out the entire thing with
    no need side effect , folks can take a signal.
    Will likely be back to get more. Thank you

  98. Hi, I log on to your blogs like every week. Your writing style is witty, keep
    doing what you’re doing!

  99. We are a group of volunteers and starting a new scheme
    in our community. Your site offered us with valuable information to work on. You have done an impressive
    job and our entire community will be thankful to you.

  100. Why visitors still use to read news papers when in this technological globe all is accessible on web?

  101. I was pretty pleased to uncover this site. I
    wanted to thank you for your time for this particularly wonderful read!!

    I definitely enjoyed every little bit of it and i also have you book-marked
    to look at new things in your web site.

  102. Hey I am so happy I found your blog page, I really found you by error, while I was
    browsing on Google for something else, Nonetheless I am here now and
    would just like to say thank you for a marvelous post
    and a all round enjoyable blog (I also love the theme/design), I don’t have time to look over it all at the minute but I have book-marked it and also added your RSS feeds, so when I
    have time I will be back to read much more, Please do keep up the
    fantastic jo.

  103. Hola! I’ve been following your site for a long time now and finally got the
    courage to go ahead and give you a shout out from Kingwood Texas!

    Just wanted to say keep up the great job!

  104. I used to be able to find good advice from
    your content.

  105. Great blog you have here but I was wondering
    if you knew of any forums that cover the same topics talked about
    in this article? I’d really like to be a part of community
    where I can get responses from other experienced people
    that share the same interest. If you have any
    suggestions, please let me know. Thanks!

Submit a Comment

Your email address will not be published.