Building FamilyOFX
The Family Office Challenge
Family offices face unique challenges that go beyond traditional investment management. While the deeper issues of family dynamics and governance are complex, good software and education provide a foundation for better family engagement.
The "Shirtsleeves to Shirtsleeves" Reality
70% of wealthy families lose their wealth by the second generation, and 90% by the third. While the root causes are often family dynamics and governance issues, being KPI-driven, data-driven, and transparent with investments is a good starting point for building family trust and engagement.
Our Story: 6th Generation Perspective
I'm the 6th generation of ABI, taking over from my father who worked with fragmented solutions. Growing up in this environment, I witnessed firsthand the complexity of family wealth management—the board meetings, the family councils, the delicate balance between business and family relationships.
What We Observed
Family offices using fragmented systems for investments, documents, and contacts. Most financial software focuses purely on numbers without considering how transparency and good data can actually help families make better decisions together and build trust across generations.
What We're Building
FamilyOFX—investment tracking and transparency tools that create a foundation for better family conversations. While we can't solve family dynamics directly, good software and education can really help with family engagement and decision-making.
The Foundation for Better Family Engagement
Through our family experience, we've learned that while the deeper challenges of family dynamics, governance, and generational transitions are complex, transparent investment tracking creates a foundation for better family conversations and trust-building.
FamilyOFX: Comprehensive Investment Transparency
As the 6th generation, I understand that families are complex ecosystems where investment transparency is just one piece of the puzzle. While software can't solve family dynamics directly, transparent investment tracking creates a foundation for trust and better decision-making.
- •Unified Investment Tracking: All asset classes, expenses, and performance data in one transparent platform
- •Document & Contact Integration: Link all relevant documents and relationships to specific investments for full context
- •AI-Powered Data Processing: Automatically update positions and extract insights from statements and reports
- •Family-Accessible Reporting: Clear, transparent reporting that enables informed family discussions and decision-making
We're building FamilyOFX as investment management software that recognizes its role in the bigger family picture. By providing clear, accurate, and transparent financial data, we enable families to focus their conversations on strategy, values, and governance rather than scrambling for basic investment information.
Ready to Build a Foundation for Better Family Engagement?
Let's discuss how FamilyOFX's investment tracking and transparency can create the foundation for better family conversations and decision-making at your family office.