The 2020 Family Office Software Roundup

Selecting the right software is one of the most critical and daunting tasks businesses face. As the digital revolution unfolds, an increasing number of processes are digitized, consolidated and automated using software solutions. Today most industries have easily identifiable software frontrunners, yet the private wealth- and family office segment still suffers from fragmentation, a lack of clarity and transparency.

For many family offices, the process can be time and resource-intensive — with limitations discovered after purchase, having serious consequences for productivity and costs. According to Bijan Farsijani, who heads research & insights at Simple, “Choosing software solutions for family offices is a pain – not least because providers and family offices speak different languages. Where providers talk about features, family offices talk about use cases. Culture, geography and regulation further complicate things.”

In order to identify these needs and explore how different software providers tackle this product-market fit, the Simple team conducted The Family Office Software Review. One outcome of the research is standardised categories that help family offices to get a better understanding of what providers offer and what their limitations are.

Outlined below is a roundup of the software providers, alongside the unique value propositions that family offices should be looking out for.

Addepar

Based in the USA, Addepar is a wealth management platform that infuses complex financial information with transparency. By connecting data, technology and people, it facilitates informed decisions through actionable insights and tailored reporting allows multi-generational family offices to achieve their objectives.

Allvue Systems

USA-based Allvue Systems is a software solution providing flexible and customizable accounting, monitoring and reporting.

Amazon Prime Day Tech & Electronics Deals 2020: Early Home & Office Electronics, Tech, & Gadget Savings Listed by Deal Stripe

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Newsom’s office says to keep masks on between bites when eating out

Photo of Madeline Wells

California Gov. Gavin Newsom wears a protective mask on his face while speaking to reporters June 9, 2020, at Miss Ollie's restaurant in Oakland, Calif. Newsom's office drew criticism for a tweet advising people to keep their mask on between bites when dining out.

California Gov. Gavin Newsom wears a protective mask on his face while speaking to reporters June 9, 2020, at Miss Ollie’s restaurant in Oakland, Calif. Newsom’s office drew criticism for a tweet advising people to keep their mask on between bites when dining out.

Jeff Chiu/Associated Press

On Oct. 3, Gov. Gavin Newsom’s office tweeted out a COVID-19 guideline that some people found a little strange.

“Going out to eat with members of your household this weekend? Don’t forget to keep your mask on in between bites,” read the tweet, accompanied by an illustration of someone doing just that.

Various people reacted to the tweet with confusion and rage, calling this statement “stupid” and “contradictory,” as Californians have also been advised to minimize the amount of times they touch their masks.

To be clear, California does not require people dining at restaurants to put their masks back on in between each bite. Instead, customers are merely asked to wear a mask while not eating and drinking.


RELATED: California Republicans lash out at Gavin Newsom over state’s new health equity metric

According to Fox 11, Newsom addressed the tweet at a press conference on Wednesday.

“I think this is the most overblown thing … but I get that we’re in a highly politicized environment,” Newsom said. “But it was a staff member sending out a tweet.”

He explained that the tweet was meant to imply that if someone starts to read a book at the table, they should

Aukey: Up to 46 percent off chargers or power banks for your home, home office, or car

One thing that I’ve noticed has changed with coronavirus is that people working from home need more charging capability than they once had. A bedside charger for your gadgets isn’t enough anymore.

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Must read: iPhone battery bad after installing iOS 14? Apple offers some help

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Google abandoning a new Dublin office signals change

Google signage.

NurPhoto | Getty Images

When Google announced last month it was pulling the plug on a lease for a new office space in Dublin, Ireland, it set off alarm bells.

Google is a large presence in Dublin’s “Silicon Docks,” where it holds its European headquarters, a part of the city around the docklands area where a who’s who of Big Tech are located, including Facebook, Twitter and Airbnb.

But during the coronavirus pandemic and with the need for remote working, questions are being raised about the viability of large office spaces. Google said it remains committed to Dublin — where it has over 8,000 workers — and has purchased two more buildings that it still plans to fill.

The commercial property market in Dublin slumped in the second quarter as the country was in the depths of lockdown, according to real estate firm CBRE, which reported just 15 office leasing transactions in that period.

Marie Hunt, head of research at CBRE, told CNBC there is likely to be a slowdown in new office deals in the coming months because of Covid-19, but also because “tech occupiers tend to retrench in a presidential year.”

Government agencies have been unable to carry out site visits and tours to woo companies to invest, and Hunt said this was causing a “weakening in take up.”

Shane Fleming, a property expert and the founder of Fleming Real Estate, said that this trend is not unique to Dublin but that the Irish capital still has several large office deals signed and in progress, pointing to ongoing expansions by Amazon and LinkedIn. 

TikTok, according to reports, is seeking a large office space in the capital for up to 5,000 people.

Fleming added that housing shortages for workers in the city as well as planning policies