Modernizing Family Offices: Leveraging Technology for Future Generations

Planning Reimagined

In the latest episode of Planning Reimagined, Celeste and Kris are joined by Charmaine Tang, President of Orca, to explore the evolving landscape of family offices and the pivotal role of technology in enhancing their efficiency and effectiveness. Charmaine brings her expertise to the table, discussing issues such as succession, transitioning within family offices, and key person risk. They talk about how technology can facilitate a smooth transition to the next generation, mitigating risks and providing equal access to essential information for better decision-making.

They also emphasize the necessity of incorporating technology to professionalize and operationalize family office operations and discuss topics such as the importance of compliance, managing nonbankable assets, and understanding complex ownership structures. The conversation underscores the potential of technological solutions, like Orca ARC, which offers robust tools for managing family office assets and compliance requirements, thus helping family offices navigate the increasingly complex regulatory landscape.

To learn more about Orca, visit: https://www.withorca.com/en/

To learn more about Robin Glen, visit: RobinGlen.com

To schedule an appt, visit: www.calendly.com/ccmoya

Key Topics Covered:

• Importance of efficiency in family offices for risk mitigation
• Role of technology in keeping family office teams small yet efficient
• Anticipated wealth transfer over the next 25 years and its impacts
• Hard conversations around estate planning and wealth management aided by technology
• The importance of human understanding complemented by technology in advising
• Technology's role in providing transparency and organizational efficiency
• Introduction of Orca ARC and its functionality
• Compliance with international and local regulatory requirements
• Balancing technology and human capabilities in family office operations