CHICAGO, Nov. 03, 2015 (GLOBE NEWSWIRE) -- Family Office Exchange (FOX), a global membership organization of enterprise families and their key advisors, announced today that it 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,” said Sara Hamilton, founder and CEO of Family Office Exchange. “The specialized 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,” commented Mr. 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 specialized 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.
For additional information, consult www.familyoffice.com.
About Family Office Exchange
Family Office Exchange (FOX) is the premier global member network for enterprise families and their advisors who are pursuing best practices for managing their family enterprise and growing their family wealth. The community includes over 8,000 family leaders and sophisticated advisors from 460 organizations in 20 countries who utilize FOX’s resources each year for advice, networking, education, and best practices in wealth management.
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Source:Family Office Exchange LLC