With CTA becoming effective at the beginning of this year, companies have to report on their beneficial owners within 90 days of formation – or after any changes – or face substantial penalties. Determining if you need to comply with BOI reporting, and collecting the correct information for that reporting, can be a challenge. But [...]
WealthHub Solutions, a leading wealth management industry participant servicing the North American family office and family wealth industry, today announced the addition of Marshall Johnson as vice president of sales. Marshall is an award-winning sales professional who brings considerable expertise in trust and ultra-high net worth fiduciary software sales to WealthHub. He is uniquely [...]
Faulty data models and poor data hygiene can undermine your investments in systems If your trust company or family office is frustrated with your current systems, the fault may lie in the data you are using rather than the software. Even the best software platforms, offering the most intuitive dashboards and processes with insightful layouts [...]
Domain-specific CRM systems offer trust companies and family offices advantages vs. horizontal CRM options So, you are a manager of a trust company or family office. You are considering a CRM system and sorting through the questions that will determine which system you buy and how you deploy it. One of the first questions [...]
Trust companies and family offices, like other businesses across the country, are facing unprecedented challenges as the COVID-19 crisis continues to unfold. Aside from the daunting challenge in the preservation of wealth through hostile markets, fiduciary organizations have had to manage the abrupt switch from office environments to employees working from home (WFH). How are [...]
In the beginning, there was STP. All in banking technology saw that STP was good and the desire for STP was great. So, STP begat ERP and then BPM. Meanwhile, unnoticed by the banktech crowd, CRM only slowly developed BPM so it too could deliver STP. Whoa! Wait a minute. What are all these [...]
