Family Office Technology Hub FOTechHub & The Larry Kraus Family Office Tech-NEW-logy Institute: Andy Fox Interviews Trusted Family & RSM
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Dec 22, 2023 John Castrucci, Managing Director at RSM, Michael Johnson, a leading Tax Partner at RSM, and Elvira Orzo from Trusted Family share insights on modern family office technology. They discuss RSM’s innovative FamilySite platform, focusing on secure document storage and financial data integration to improve operational efficiency. The conversation also covers the 90-day implementation process for investment aggregation services, the challenges of outsourcing finance functions, and future innovations for enhanced family communication and collaboration solutions.
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RSM Family Office Services
- RSM, the 5th largest U.S. accounting firm, offers a national family office capability serving 500 single-family offices.
- Their services span tax, consulting, and operational excellence, focusing on people, process, technology, data, and governance.
FamilySite's Data Centralization
- RSM's FamilySite platform centralizes data from various systems, addressing the challenge of reconciling best-of-breed solutions.
- It offers customized reporting, dynamic visualizations with Power BI, and integrations with tools like Mastro and Sage Intacct.
Solve System Reconciliation Issues
- Family offices struggling with system reconciliation should consider a centralized data solution.
- This approach can help bridge the gap between best-of-breed systems and create customized reports.