Getting your house in order
The International Family Offices Journal
Vol. 4 - Iss. 2 pp. 37–41
Shaun Parkin, Australia, points out that some of the more mundane details in running a family office are often overlooked - but should not be. Money can be saved by attention to these details. He looks at the benefits of a dive into those aspects of running a single or multi-family office that are often overlooked. He lists specific areas that can lead to improvement and often also result in savings: costs - where they can sneak up and where to look for immediate reduction implementation - where are the costs and inefficiencies? operations - a chance to review and optimise without affecting trusted relationships technology - ?feature creep' and the scourge of over-complication where next and how to keep on top of new trends.