Family offices are at a turning point. For decades, they’ve been handed tools that don’t fit, advice that doesn’t work, and systems that can’t scale. The result? Wasted resources, mounting frustration, and untapped potential.

The Corporate Transparency Act (CTA) brings new complexity to family offices—particularly with trusts. To navigate this landscape, these organizations are embracing modern approaches to make compliance thorough, efficient, and penalty-free—not only for initial filings but also for ongoing regulatory management.

In a recent webinar, Robert Forsythe (CEO, Third Lake Capital), Tebbi Purvis (President & CFO, Third Lake Solutions), Jill Creager (Founder & CEO, iPaladin), and Michael Purcell (Canoe Intelligence) shared insights into how modern family offices are transforming their operations through the iPaladin/Canoe integration.

With the introduction of the Corporate Transparency Act (CTA), the compliance landscape for family offices has shifted dramatically. Where banks once bore the responsibility for reporting Beneficial Ownership Information (BOI) under Customer Due Diligence (CDD) rules, that duty now falls to you, the family office managers. This shift not only changes who reports but also how information is verified, as banks now must ensure the accuracy of your submitted details in line with new standards. This article will help you navigate these changes, understand what they mean for your operations, and reveal how leveraging advanced governance systems can transform a regulatory mandate into an opportunity for increased operational efficiency and strengthened asset protection.

This white paper begins to detail how iPaladin has brought family office management into a new era utilizing their patented SmartRecords technology.

In this video, we showcase how iPaladin helps family offices take control of the ever-increasing complexity of private wealth and how our digital family office operating system allows you to maintain and grow your legacy.

This white paper dives into a detailed explanation of the commitment that iPaladin has made to ensure the security of our client's most valuable resource, their data.

This white paper dives into a detailed explanation of how iPaladin's Digital Family Office operating system provides a collaboration ecosystem that empowers professionals and the family to deliver greater clarity, consistency, and control over all elements of the family business.

In this video, you'll hear from multiple family office professionals speaking about why they have chosen iPaladin as the universal operating system for their family offices.

iPaladin's Digital Family Office (DFO) allows management information and operational knowledge to be captured, shared, and evolved in a single, immutable platform for an unrivaled level of transparency, control, and empowerment.

Managing a family office involves complex tasks that often cannot be effectively addressed by traditional CRM platforms like Salesforce.

The landscape of data security and compliance for family offices has just entered a new era, driven by the IRS's formidable $80 billion funding allocation, a significant portion of which is aimed at high-net-worth portfolios.

This article emphasizes how inefficiencies in managing great wealth can divert attention from wealth maximization, leading to missed opportunities and a backward-looking focus on risk mitigation.

The IRS's renewed focus on its "Wealth Squad" emphasizes the need for family offices to proactively prepare for potential tax reviews, with digitization playing a crucial role in achieving a favorable outcome.

Collaboration is a fundamental element of success in family office environments, where multidisciplinary teams work together to deliver excellence to their clients.

Digitization has both aided and hindered knowledge workers, including asset managers, CPAs, lawyers, accountants, and bankers.

Family offices often face challenges in managing and maximizing wealth due to a lack of shared collaboration practices among their multidisciplinary teams.

Collaboration is essential in the world of knowledge work, especially in family offices where diverse skill sets often come from various sources.

Over the past 25 years, the digitization of work processes has promised increased efficiency for knowledge workers, yet the reality often falls short.

The article highlights the often underestimated importance of treating wealth management as a data management challenge for affluent families.