Multi-Family Office
Find Your Competitive
Edge With iPaladin
The quality of governance can make or break a multi-family office. We solve the problem of control in your business.
The quality of governance can make or break a multi-family office. We solve the problem of control in your business.
As family wealth grows, so does the complexity of managing that wealth. This is the result of friction, a force that accelerates as wealth matures.
This presents a commercial challenge for many multi-family offices; more people are needed to manage more complexity at greater costs and the risk of human error increases.
But friction is also a strategic challenge for multi-family offices. Friction undermines control, making it more difficult to provide white-glove service to clients.
iPaladin’s Governance-as-a-Service solution helps you rebalance the equation, giving you full control over every aspect of your operations and allowing you to focus on exceptional client service.
As family wealth grows, so too does the complexity of managing that wealth.This is the result of friction, a force that accelerates as wealth matures.
This presents a commercial challenge for many multi family offices; more people are needed to manage more complexity at greater cost and and the risk of human error increases.
But friction is also a strategic challenge for multi-family offices. Friction undermines control, making it more difficult to white glove service to clients.
iPaladin’s Governance-as-a-Service solution helps you rebalance the equation, giving you full control over every aspect of your operations and allowing you to focus on exceptional client service.
Focus resources in
the right places
Improve Focus
Remove Risk
Prioritize
We estimate that around 20 percent of a family office’s human capital is spent addressing friction – locating missing files and documents, plugging data gaps, trying to navigate information silos built using incompatible technologies.
The average family office reports that each team member spends between 48 and 96 minutes addressing friction. That is time that could otherwise be redeployed or diverted to value-add tasks.
48 – 96 mins = 10-20% of the average workday.
Therefore the minimum cost of friction to your office is likely to be around 10-20% of your total staffing costs. The real cost, however, could be much higher.
We estimate that around 20 percent of a family office’s human capital is spent addressing friction – locating missing files and documents, plugging data gaps, trying to navigate information silos built by using incompatible technologies.
The average family office reports that each team member spends between 48 and 96 minutes addressing friction. That is time that could otherwise be redeployed or diverted to value-add tasks.
48 – 96 mins = 10-20% of the average workday.
Therefore the minimum cost of friction to your office is likely to be around 10-20% of your total staffing costs. The real cost, however, could be much higher.
Remove risk of human error
The average family office requires over 4,000 recurring processes and tasks for every billion dollars under management. Relying on manual processes, these tasks divert time and attention away from value-add activities while also introducing the risk of human error into the ecosystem
Prioritize strategic relationships
By liberating resource, your team can focus on building relationships with clients and embedding your firm as a value-add strategic partner. Through a digital-first approach to governance, both client and provider interests are aligned: as wealth grows, so does your business.