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If you’ve seen one family office, you’ve seen one that probably relies on spreadsheets.
They often have large, multi-sheet files that need to be manually updated regularly to track investment allocations, performance, cashflow and more.
And when someone needs a portfolio update or insights into current positions, a manual report needs to be created.
Key Takeaways
Risks of Outdated Systems
Aside from the time inefficiencies this setup involves, there are many risks: manual data-entry is prone to errors, and spreadsheets are vulnerable to cybersecurity risks that increase every year.
Then there is key-man risk, since these layered worksheets are often solely controlled and understood by a long-serving team member.
And of course, getting an update across all investments in real-time is impossible with this spreadsheet-based structure.
The Changing Nature of Wealth
It worked fine for years, when family offices mostly invested in stocks and bonds and some real estate - but modern families have changed their approach.
They are allocating up to half of their portfolio in alternative assets that are harder to track manually.
And the next generation of principals are not satisfied with a PDF overview of their estate sent via email once a quarter.
Secure Visibility for Modern Family Offices
Why Software Matters Now
From tracking allocations at family, individual and entity levels to automated aggregation of alts data, modern family office software can do so much more than spreadsheets ever could - both for family office professionals, advisors and wealth owners.
Masttro was purpose-built to solve the challenges faced when needing to evolve from this outdated system.
Purpose-Built by a Family Office
Founded in 2010 from a complex multi-generational family office, we have an inherent understanding of the needs within modern wealth management.
It’s why the Masttro platform has features for every level of sophistication: from global data aggregation with any custodian, AI-powered alts data management and our interactive Global Wealth Map, through to practical tools that prepare wealth owners and heirs for transition planning.
Secure, Intelligent Infrastructure
All delivered through a leading user experience and on infrastructure built with military-grade cybersecurity and data encryption protocols for total data privacy.
It’s how we empower efficient workflows, better experiences and more control.
Let’s Talk
Speak to us to find out how we can help your family office evolve - and say goodbye to spreadsheets.
